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

INSIGHTS SERIES

NBFI Insights 2023

Our foresight assists your business' sustainable growth potential. We understand that expert insights create great impact when actioned with collaboration, one sector at a time. 

FINANCIAL INSTITUTIONS GROUP

Fintech

We are committed to identifying and supporting fintech-related advisory opportunities. From facilitating mergers and acquisitions to capital raising in both public and private markets, our role extends beyond traditional banking boundaries.

INSIGHTS SERIES

NBFI Insights

As one of the largest funders of agricultural projects in sub-Saharan Africa, we are fortunate enough to have access to some of the most sophisticated farmers and agri-processing professionals on the continent. Couple this with the fact that we are one of the largest card issuers in South Africa and have access to data-rich consumer insights; we are uniquely positioned to track the journey of agriculture projects from farm to fork.