Row rect Shape Decorative svg added to bottom 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 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
