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 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 DEALS Propelling Africa’s property investment landscape forward Our transformative role as a Debt Provider in TriColour Investments’ R1.1 billion deal is a source of tremendous pride, and investing in new partnerships is the bedrock of writing innovative success stories. That’s why we are thrilled to announce our new deal with TriColour Investments (Pty) Ltd, a Johannesburg-based property investment company specialising in the development and ownership of commercial and industrial properties. Read more
