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 Propelling South Africa’s Just Energy Transition Our landmark project financing contribution towards an R8.8 billion transaction with Red Rocket South Africa (Pty) Ltd reinforces our position as a market leader in renewable energy financing. Read more DEALS Building a more robust green energy landscape South Africa’s green energy sector is poised for significant transformation, with vast untapped investment potential. Our R1.45 billion deal with G7 Renewable Energies and Cennergi Holdings marks a monumental sustainability partnership, highlighting the critical role of finance as a catalyst for advancing renewable energy projects. Read more DEALS Strengthening Kenya’s Cement Industry Through Strategic Partnerships We’re proud to have served as the exclusive sell-side financial adviser to Holcim Group in the $180 million sale of Bamburi Cement PLC to Amsons Group. This landmark transaction will enable Holcim Group to focus on consolidating its leadership in core markets as the global leader in innovation and sustainable building solutions. Read more