Row rect Shape Decorative svg added to bottom 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 Distributed Energy. Powering Africa’s low-carbon leap Absa supports CrossBoundary Energy’s $225 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Read more DEALS Seeding success through inclusive partnerships Absa has partnered with HEINEKEN Beverages on a R1.2 billion initiative to support black-owned SMEs across South Africa. As the Fund Administrator, Debt Funder, and Strategic Enabler, Absa will manage two development funds - the Supplier Development Fund and the Enterprise Development Fund to empower at least 125 black-owned SMEs. Read more DEALS Partnering to continue harnessing wind power for a greener future Absa Corporate and Investment Banking (CIB) is proud to have acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider for the R5 billion financing of Seriti Green’s 155MW wind project, which will supply clean, reliable power to NOA over the next 25 years. NOA is a leading renewable energy independent power producer and aspirant energy trader owned by the Old Mutual Group through the Africa Infrastructure Investment Managers (AIIM) and the IDEAS Fund. Read more
