DEALS | 28 SEPTEMBER 2021 Redefining the future through green energy finance Absa | Corporate and Investment Banking > Insights and Events > Redefining the future through green energy finance SHARE 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. Find out more about the deal Speak to our team – Johan Koorts https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles 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. Read more COMMERCIAL PROPERTY INSIGHTS Residential Property Report: Quantitative Analysis of an Emerging Asset Class At Absa, we recognise that collaboration is key to driving progress. Our successful partnership with the South African Multifamily Residential Rental Association (SAMRRA) and Divercity Urban Property Group is at the forefront of a groundbreaking research project focused on South Africa's multifamily residential property asset class. Read more FINANCIAL INSTITUTIONS GROUP Fintech With our extensive expertise and deep footprint across Africa, we are uniquely positioned to support the dynamic needs of our clients in the ever- evolving fintech sector. Read more