Powering progress for a cleaner energy future Absa | Corporate and Investment Banking > Insights and Events > Powering progress for a cleaner energy future SHARE We are proud to partner with Mulilo and Air Products South Africa on a transformative 75MWAC solar PV power plant in the Northern Cape. The Ukuqala Project marks a significant step in advancing South Africa’s renewable energy transition and securing a low-carbon future. As Joint Mandated Lead Arranger, Absa successfully provided debt financing and ancillary services for the Ukuqala Project. Air Products South Africa, a leading industrial gas supplier and Mulilo, a pioneer in renewable energy, are working together to deliver clean energy solutions that drive economic growth, support local development, and strengthen South Africa’s renewable energy sector. Absa’s involvement in facilitating this deal demonstrates our commitment in sustainability financing and supporting clients in achieving their environmental goals. The 75MWAC solar PV power plant not only delivers critical environmental benefits, such as reducing carbon emissions and diversifying energy supply, but also serves as a catalyst for innovation in South Africa’s energy landscape. Our longstanding relationships and expertise in the renewable energy sector played a pivotal role in bringing this project to life. Together, we are building a more sustainable and resilient future for all South Africans. Contact Jamie Adriaanse for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Driving purposeful partnerships to advance retail growth in Africa At Absa CIB, we’re committed to building partnerships that create lasting value for both businesses and communities. Our collaboration with Garden City Mall in Nairobi, Kenya, highlights this commitment as we help drive sustainable growth and economic opportunity in one of East Africa’s largest retail developments through a USD 37,3 million commercial property financing transaction. Read more DEALS Driving a greener energy value chain We are pleased to share that Absa has successfully acted as Co-Mandated Lead Arranger, Facility Agent and Hedge Provider alongside Nedbank for Pele Green Energy’s Sonvanger 100MW solar PV power project. This R2.2 billion project is a landmark transaction for Pele Green Energy, positioning them as a leading developer in South Africa’s renewable energy sector. Read more DEALS Every day we establish paths toward a greener Africa Another chapter of plugging Africa’s grid to sustainable energy and enabling our client to set new standards for the provision of clean electricity. Beyond environmental benefits, the projects will enable Puma Energy to create employment for local communities. Read more
