DEALS | 28 SEPTEMBER 2021

Redefining the future through
green energy finance

SHARE
Facebook
Twitter

Renewable energy is a vital investment for a cleaner, more sustainable future. This is why Absa Corporate and Investment Bank, as sole arranger and underwriter, has arranged and syndicated a with R5,2bn senior debt package for Globeleq towards the refinancing of three South African renewable energy assets.

This transaction strongly demonstrates our ongoing commitment to the financing of clean energy and the acceleration of investments that make a sustainable impact on the communities we serve. In addition, Eskom will save more than R1bn across the three assets over the remaining Power Purchase Agreement tenures. The benefits to Globeleq include more competitive debt terms, upsized facility amounts, extended loan tenures, relaxed financial covenants and the release of cash to various stakeholders.

Related Articles

EVENTS

Naamsa 2025

Discover new possibilities at the South African Auto Week, proudly sponsored by Absa and hosted by NAAMSA from 1 – 3 October 2025 in Gqeberha. As the automotive sector shapes the future, Absa stands alongside innovators and pioneers to drive growth, and shared prosperity.

EVENTS

Sibos 2025

Artificial Intelligence is redefining global transactions with speed and intelligence. But the future of finance isn’t about faster systems alone. It’s about enabling access, building resilience and trust across payments, securities and cash management and trade - delivering clarity and confidence into every transaction.

AWARDS

Absa CIB Recognised Among Africa’s Top Financial Innovators for 2025

We are proud to announce that the Absa Corporate and Investment Banking (CIB) Trade and Working Capital team has been recognised by Global Finance as one of Africa’s Top Financial Innovators for 2025.