Row rect Shape Decorative svg added to bottom Every day we establish paths toward a greener Africa Absa | Corporate and Investment Banking > Insights and Events > Every day we establish paths toward a greener Africa SHARE Another chapter of plugging Africa’s grid to sustainable energy and enabling our client to set new standards for the provision of clean electricity. Beyond environmental benefits, the projects will enable Puma Energy to create employment for local communities. We’re honoured to have partnered with Puma Energy, a prominent global player in the energy sector, in a deal to enhance the availability of reliable, clean, and affordable power for customers in Africa. In response to this deal, Puma Energy has established a Renewable and Lower Carbon Energy Division. This division's mission is to assist Puma Energy’s customers in their energy transition journey. This will reduce greenhouse gas emissions and set a standard on how houses, schools, hospitals, and businesses can run on clean electricity. Beyond environmental benefits, the projects will create employment for local communities. As the Participating Lender and Facility Agent, we look forward to supporting Puma Energy’s ongoing commitment to propelling their customers’ drive towards a sustainable and prosperous future. This is in line with Absa’s commitment to a Just Energy Transition and showcases our capabilities in this sector that is so critical to our future. We look forward to forging more of these types of partnerships to usher in chapters of a sustainable world. We’re invested in your story, and we invite you to write it with us. Contact Dean Hack for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Financing agricultural growth across Southern Africa Absa Corporate and Investment Banking arranged a USD350m financing facility for United Capital Fertilizer Ltd (UCF) to help scale production and improve fertilizer supply across key African markets. Read more DEALS Advancing renewable energy resilience through structured finance Absa Corporate and Investment Banking supported Envusa Energy, a joint venture between Anglo American and EDF Power Solutions, in the financing of the Sishen Solar PV project. The embedded renewable energy facility will supply solar power directly to the Sishen Iron Ore Mine in the Northern Cape, South Africa. Read more DEALS Enabling mining development to support South Africa’s economic growth Absa CIB acts as joint mandated lead arranger, hedge provider, account bank and facility agent for West Wits Mining’s Qala Shallows Gold Project Read more
