Sustainable Funding Drives Renewable Developments In South Africa

• News & Highlights

Africa Oil & Power spoke with Nedbank CIB’s Amith Singh, Head of Energy; Mike Peo, Head of Infrastructure, Energy and Telecommunications; and Lize Mari Matthews, Associate Energy Finance, about the company’s role in financing South Africa’s renewable energy sector and the value of sustainable investments, following the launch of the fifth bidding window of the Renewable Energy Independent Power Producer Procurement (REIPPP) Program earlier this month.

How is Nedbank contributing to the fulfillment of South Africa’s renewable energy agenda?

Nedbank’s contribution is through its positioning as the leading provider of commercial bank loans to projects in the renewable energy sector in South Africa. Nedbank has funded the full value chain of the renewable energy sector, including Project Debt, BEE funding, hedging products, Working Capital Solutions, Transactional Banking and Trade Finance. Supporting the Engineering, Procurement and Construction (EPC) contractors and operators with all of their banking requirements is also a key offering in this sector. Nedbank is the only commercial bank in South Africa with a dedicated Energy Finance team that services the African energy sector by specializing in the provision of comprehensive funding solutions for companies. The Energy Finance business has financed renewable energy projects from utility scale plants – as part of the REIPPP Program – through to decentralized distributed energy generation systems for industrial and commercial end users.