Expanding the continent’s
access to green energy

EDF Renewables (“EDF-R”), an international leader in green electricity production, is the renewable energy arm of the Électricité de France S.A (“EDF”) Group. EDF is a top French utility company and one of the biggest power producers in the world with a total installed generation capacity of 122 GW. This latest transaction is based in South Africa and forms part of the renewable energy programme, where the South African government is ramping up renewable energy production.

The deal was advancement of a long senior and subordinated facilities to a newly created SPV largely owned by EDF-R for purpose of developing the three power plants. The newly created SPVs will sell power to Eskom via long term Power Purchase Agreements.

This deal represents the first transaction to reach financial close in bid window 5 of REIPPP and directly delivers on our commitment to financing sustainable projects.

The success of this transaction is reflective of our ability to leverage on our in-depth knowledge of the sector and a very strong client relationship to bring together key stakeholders including advisors and syndicate lending group.

We are proud to have played a key role in this transaction that directly contributes to enabling access to clean energy and to transition South Africa from fossil fuels to green energy.