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
Facebook
Twitter

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

Related Articles

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.

DEALS

Fuelling stories of sustainable growth in local communities

We’re excited to announce that we're partnering with Cubisol Holdings in a transformative real estate deal that champions sustainable development and community impact.

DEALS

Enabling TAAG Angola Airlines to reach new heights

We are pleased to have acted as Joint Mandated Lead Arranger, Security Trustee and Facility Agent for TAAG Angola Airlines’ $110 m predelivery payment facility.