Row rect Shape Decorative svg added to bottom DEALS Powering the electricity distribution story with Just Energy Transition Absa | Corporate and Investment Banking > Insights and Events > Powering the electricity distribution story with Just Energy Transition SHARE Taking a major step towards building a sustainable future for our planet, together… one story at a time. In a landmark move for renewable energy in South Africa, Absa through its Corporate and Investment Banking division supported Enel Green Power South Africa – local subsidiary of the Italian multinational renewable energy corporation Enel Green Power SpA – in achieving Financial Close for its three 110MW wind projects located in the Eastern Cape. These projects are part of a larger 900MW corporate procurement programme with Sasol and Air Liquide as joint offtakers through a wheeling arrangement facilitated by Eskom. Absa played a pivotal role in this transaction and acted as joint Mandated Lead Arranger (MLA), Lender, FX and interest rates hedge bank, sole project guarantees issuing bank, and joint equity guarantee issuing bank for the projects. This transaction cements Absa’s role as a market leader in driving the Just Energy Transition Agenda for the African continent. Contact Xoli Nene for more information Contact Nikhil Kasiram for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Bridging markets to unlock bold ambitions Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest. Read more DEALS Advancing greener goals with solar progress At Absa CIB, we believe progress is measured not only by what we build, but by the future we help shape. That’s why our R2.2 billion financing of Red Rocket’s Tournee solar project goes beyond infrastructure – it’s accelerating South Africa’s renewable energy transition for lasting impact. Read more DEALS Innovative Benchmark Solutions Advancing Oil Supply Growth We structured a unique ZARONIA-linked debt facility, to foster supply chain resilience and drive innovation in the South African FMCG sector. Read more
