Row rect Shape Decorative svg added to bottom 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 Strengthening Africa’s edible oil supply chain through structured trade finance Absa Corporate and Investment Banking (CIB) has successfully concluded a US$45 million Structured Trade Finance facility for White Horse Commodities FZCO (WHC) – headquartered in the UAE, is a key strategic fuel and cooking oil procurement arm of the Mount Meru Group. Read more DEALS Clean Power. Multiplied. Accelerating solar infrastructure with R2.1 billion for a resilient, diversified energy market. Absa Corporate and Investment Banking has jointly arranged and financed Anthem’s 475 MW Notsi Solar PV Project, a landmark solar development led by Anthem - a leading independent power producer in South Africa. The total cost for the Notsi Solar PV Project was circa R8.7 billion Read more DEALS Strengthening sustainable mining success Absa Corporate and Investment Banking has supported Tharisa Minerals (Pty) Ltd in advancing its next phase of growth through a multi-currency Platinum Group Metals (PGM) offtake-based Prepayment Facility. Read more
