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
Facebook
Twitter

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

Related Articles

DEALS

Absa supports Redefine’s international growth

Absa supports Redefine’s international growth through €106 million sustainability-linked financing transaction

DEALS

Absa supports Waco Africa’s growth ambitions with strategic funding solution

Absa Corporate and Investment Banking (CIB) has successfully supported Waco Africa with a comprehensive funding package designed to strengthen the group's growth trajectory and support its long-term strategic objectives.

DEALS

Connecting African ambition to global expertise

Absa CIB and UKEF Establish USD100 Million Trade Finance Programme. Absa Corporate and Investment Banking (Absa CIB) has entered into a strategic partnership with UK Export Finance (UKEF) to establish a USD100 million UKEF-backed headroom programme that will support African small and medium enterprises and corporates purchasing UK goods and services.