Powering a sustainable future with Ferroglobe Absa | Corporate and Investment Banking > Insights and Events > Powering a sustainable future with Ferroglobe SHARE At Absa CIB, we believe that financing critical mineral supply is essential for advancing the Just Energy Transition. Our partnership with Ferroglobe supports the expansion of silicon metal production, which is key to semiconductor chips and solar panels, driving economic growth, job creation and Africa’s role in the renewable energy value chain. We are proud to act as the Mandated Lead Arranger, Lender and Hedging Bank to Ferroglobe South Africa. Absa has been awarded the transactional banking business as part of this transaction. Ferroglobe is the largest merchant producer of silicon metal in the Western World, a material that plays a vital role in the production of renewable energy technologies. Silicon-based solar cells are used in 95% of solar modules, making this a critical mineral for the Just Energy Transition. By increasing production capacity in South Africa, Ferroglobe is strengthening Africa’s position in the global supply chain for sustainable energy solutions. This transaction reflects our ability to connect capital with businesses that are shaping the future of energy and reinforcing our commitment to sustainable finance and long-term economic resilience. That’s how we are invested in your story. Contact Xoli Nene for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles 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 DEALS Supporting expansion in SA’s healthcare property market Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. Read more
