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 SHARE 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. Contact Us https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Capital for sustainable impact Absa leads a landmark R4.9 billion deal with South Africa’s largest domestic infrastructure equity fund to support African Infrastructure Investment Managers’ (AIIM) strategy at directing capital towards Africa’s priority development sectors. Read more DEALS Empowering African Aviation to Soar Higher Absa Corporate Investment Banking enables strategic fleet reintegration and regional expansion for AELF and SAA with a USD 31 million aircraft refinancing solution. Read more DEALS Energising Progress with Africa’s Largest Standalone Battery Facility We are proud to have played a pivotal role in one of Africa’s most significant energy milestones: the Red Sands Battery Energy Storage Project which is set to become the continent’s largest standalone battery energy storage facility to date to move towards construction. Read more