DEALS

Fostering sustainable
growth is a story of
diversified energy supply.

Absa | Corporate and Investment Banking > Insights and Events > Fostering sustainable growth is a story of diversified energy supply
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As a leading Pan-African bank, Absa continues to prioritise the financing of renewable energy projects. Absa Corporate and Investment Banking is proud to have acted as a mandated lead arranger and the sole hedge execution bank to Envusa Energy - securing project financing for the development of Envusa Energy’s 520 MW wind and solar projects located on the border of the Northern and Eastern Cape provinces of South Africa.

Envusa Energy, a joint venture between Anglo American and EDF Renewables, is set to develop a regional renewable energy ecosystem of solar and onshore wind projects across South Africa, generating between 3-5 GW of reliable, clean energy by 2030.

Absa was instrumental in the financing of Envusa Energy’s first three wind and solar projects, known as the Koruson 2 cluster.

Financing these projects in the renewable energy sector cements our commitment to accelerating progress towards sustainability through our expertise and capabilities.

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