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- Two wins for sustainable finance leadership | Nedbank CIB
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- What happens when finance meets sustainability?
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- Award-winning in sustainable finance and digital
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- R4bn Tronox deal funds two 100MW solar plants
- Billions to help Redefine build green properties
- Harmony pursues green goals with R10 billion loan
- Cold solutions finance for cold storage facilities
- International Finance Corporation green bond fund
- Envusa energy deal: The way for renewable energy
- Paladin Energy senior debt funding partnership
- Renewable energy wind farm financing
- Stor-Age’s successful inaugural bond auction
- R4bn Tronox deal funds two 100MW solar plants
- Billions to help Redefine build green properties
- Harmony pursues green goals with R10 billion loan
- Cold solutions finance for cold storage facilities
- International Finance Corporation green bond fund
- Envusa energy deal: The way for renewable energy
- Paladin Energy senior debt funding partnership
- Renewable energy wind farm financing
- Stor-Age’s successful inaugural bond auction
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- Africa's pathway to a climate-resilient economy
- Commercial property trends 2022
- Green energy in the developing world | Nedbank CIB
- How sustainable finance creates value
- How the property sector recovered in 2023
- Two wins for sustainable finance leadership | Nedbank CIB
- FURTHER IMPACT empowerment for entrepreneurs
- There's a new buoyancy around water and sanitation
- What happens when finance meets sustainability?
- Africa’s renewable-energy projects
- Breaking barriers for energy transition in mining
- Africa's pathway to a climate-resilient economy
- Commercial property trends 2022
- Green energy in the developing world | Nedbank CIB
- How sustainable finance creates value
- How the property sector recovered in 2023
- Two wins for sustainable finance leadership | Nedbank CIB
- FURTHER IMPACT empowerment for entrepreneurs
- There's a new buoyancy around water and sanitation
- What happens when finance meets sustainability?
- Africa’s renewable-energy projects
- Breaking barriers for energy transition in mining
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- African Mining Indaba | Nedbank CIB
- COP 28 | Nedbank CIB
- South Africa (SA) Auto Week | Nedbank CIB
- IHS Affordable Housing Conference | Nedbank CIB
- Africa Energy Forum | Nedbank CIB
- Africa Down Under Conference 2024 | Nedbank CIB
- Industry leaders talk innovation disruption | Nedbank CIB
- Market leaders in property finance | Nedbank CIB
- African Mining Indaba | Nedbank CIB
- COP 28 | Nedbank CIB
- South Africa (SA) Auto Week | Nedbank CIB
- IHS Affordable Housing Conference | Nedbank CIB
- Africa Energy Forum | Nedbank CIB
- Africa Down Under Conference 2024 | Nedbank CIB
- Industry leaders talk innovation disruption | Nedbank CIB
- Market leaders in property finance | Nedbank CIB
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- SA ex-ante real policy rate
- SARB: Shifting to a 25 bps hike, from 50 bps
- SARB MPC: Repo unchanged but still hawkish
- Bonds, the monetary surprise and fiscal dominance
- Upside for bond investments has compressed
- The "weak China trade" on the rand exchange rate
- Dovish inflation surprises and fiscal constraints
- The ILB curve steepens, and we expect more
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- How loadshedding impacts inflation | Nedbank CIB
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- SA inflation trends, insights and projections
- SA ex-ante real policy rate
- SARB: Shifting to a 25 bps hike, from 50 bps
- SARB MPC: Repo unchanged but still hawkish
- Bonds, the monetary surprise and fiscal dominance
- Upside for bond investments has compressed
- The "weak China trade" on the rand exchange rate
- Dovish inflation surprises and fiscal constraints
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Nedbank CIB powers renewable energy with R11,3 billion wind farm financing
Nedbank CIB powers renewable energy with R11,3 billion wind farm financing
Staff writer
Posted 17/04/2024 Updated 04/08/2024 2 mins
Powering a future of commercial and industrial energy security
Nedbank Corporate and Investment Banking (CIB) has solidified its commitment to renewable energy by finalising project finance facilities for Impofu Cluster Investments SPV (RF) (Pty) Ltd, a subsidiary of Enel Green Power RSA. This groundbreaking investment will facilitate the development of 3 cutting-edge 110 MW wind farms in the Eastern Cape, marking a significant stride towards advancing South Africa's renewable energy sector.
These wind farms are set to play a crucial role in strengthening the energy grid, with long-term power purchase agreements in place to supply Sasol South Africa Ltd and Air Liquide Large Industry Ltd. This initiative enhances energy security and aligns with the decarbonisation objectives of both companies, underscoring the dual significance of this project in achieving local economic and broader environmental goals.
Nedbank CIB is proud to partner with Enel in another groundbreaking initiative, enabling one of SA’s largest wind projects to date, renewing our market-leading commitment to a sustainable economy.
The scale and impact of this project are significant. It involves the construction of 116 km of 132 kV power lines, a milestone that is similar to connecting major cities. With 57 turbines generating 330 MW of clean energy, equivalent to powering around 214 500 households, the initiative is a giant stride in local sustainability. Nedbank CIB's multifaceted involvement is a testament to its role as a key player in driving innovative solutions in the sector.
This landmark deal demonstrates Nedbank CIB's commitment to energy finance and strengthens collaborative ties with industry leaders like Enel and Sasol. Through active participation in projects of this magnitude, we continue to move the needle on cleaner energy sources, fostering a resilient and sustainable economy founded on trust and shared vision.
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