Row rect Shape Decorative svg added to bottom Powering South Africa’s energy transition through scalable infrastructure solutions Absa | Corporate and Investment Banking > Insights and Events > Powering South Africa’s energy transition through scalable infrastructure solutions SHARE Hartebeesfontein Battery Energy Storage System (BESS) project Absa Corporate and Investment Banking partnered with Mulilo Energy Holdings on the financing of the 77MW / 308MWh Hartebeesfontein Battery Energy Storage System (BESS) project, acting as Joint Mandated Lead Arranger, Senior Lender, Hedge Provider and Agent Bank. Once operational, the project will provide battery storage capacity and ancillary services to the National Transmission Company of South Africa (NTCSA), supporting grid stability and helping to strengthen the integration of renewable energy into the national grid. The transaction supports Mulilo’s strategy to deliver 1 GW of renewable energy capacity annually and reflects a shared commitment to enabling infrastructure that supports a more resilient, inclusive and lower-carbon energy future. Beyond its role in strengthening energy security, the project also contributes to broader development priorities by supporting infrastructure resilience, expanding participation in the energy economy and enabling long-term socio-economic value creation. For more information contact: Silindokuhle Mjoli(opens in new tab) Grant Udemans(opens in new tab) Jamie Adriaanse(opens in new tab) https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Supporting cleaner fuels and long-term energy resilience Natref is investing in refinery upgrades that support cleaner-fuel readiness, operational continuity and South Africa’s inland fuel supply. Read more DEALS Absa supports Growthpoint Healthcare Property Holdings’ expansion into the senior living sector The appointment of Absa as Master Custodian to South Africa's Government Employees Pension Fund (GEPF) has understandably attracted attention within institutional investment circles. The GEPF is not only Africa's largest pension fund but one of the continent's most significant pools of long-term capital. Read more DEALS Absa supports Ilitha’s expansion of fibre connectivity across underserved communities Absa Corporate and Investment Banking (CIB) has successfully supported Ilitha Telecommunications through a R500 million financing facility that will enable the expansion of its fibre network across South Africa’s township economies. Read more
