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 Capital for sustainable impact Absa leads a landmark R4.9 billion deal with South Africa’s largest domestic infrastructure equity fund to support African Infrastructure Investment Managers’ (AIIM) strategy at directing capital towards Africa’s priority development sectors. Read more 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
