Select Country
Don’t have your Nedbank ID yet?
Nedbank ID single sign-on gives you full digital access to Nedbank’s banking and lifestyle products and services on the Money app or Online Banking.
Log in
Log in to Online Banking or another one of our secured services.
Awards
Deals
Women of CIB
Young Analyst Programme
Articles
- Africa's pathway to a climate-resilient economy | Nedbank CIB
- 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
- National Contributor empowers FURTHER IMPACT entrepreneurs
- What happens when finance meets sustainability?
- Africa’s renewable-energy projects
- Breaking down barriers for energy transition in mining
Conferences | Nedbank CIB
Research
- Investor research
- Investor-research
- How loadshedding impacts inflation | Nedbank CIB
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
Corporate Finance
Financing
Investing
Markets
Transacting
- Login & Register
- Online Banking
- Online Share Trading
- NedFleet
- Register for Nedbank ID
- About us
- Awards
- Deals
- Explore About us
- Awards
- Nedbank Corporate and Investment Banking leads the structuring, negotiation, and execution of a multi-billion rand financing deal for Envusa Energy.
- Women of CIB
- Young Analyst Programme
- Articles
- Africa's pathway to a climate-resilient economy | Nedbank CIB
- 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
- National Contributor empowers FURTHER IMPACT entrepreneurs
- What happens when finance meets sustainability?
- Africa’s renewable-energy projects
- Breaking down barriers for energy transition in mining
- Africa's pathway to a climate-resilient economy | Nedbank CIB
- 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
- National Contributor empowers FURTHER IMPACT entrepreneurs
- What happens when finance meets sustainability?
- Africa’s renewable-energy projects
- Breaking down barriers for energy transition in mining
- Conferences | Nedbank CIB
- Healthcare conference | 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
- Healthcare conference | 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
- Research
- Investor research
- Investor-research
- How loadshedding impacts inflation | Nedbank CIB
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor research
- Investor-research
- How loadshedding impacts inflation | Nedbank CIB
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Investor Research
- Corporate Finance
- Financing
- Investing
- Markets
- Transacting
- Sustainability
- Explore Sustainability
- Contact us
- Explore Contact us
Nedbank CIB gives ENGIE solar projects the green light
Nedbank CIB gives ENGIE solar projects the green light
Staff writer
Posted 14/02/2024 Updated 30/05/2024 2 mins
Nedbank CIB structures R2,5 billion solar financing deal for leading renewable energy player ENGIE. Visit our website for more.
Leading renewable energy player ENGIE Southern Africa (ENGIE"), recently appointed Nedbank as the joint mandated lead arranger and sole sustainability structurer and coordinator for the senior debt and ancillary funding of 2 solar photovoltaic (PV) projects to the value of R2,5 billion.
Proceeds from the green loan will exclusively fund the development of facilities with a combined generating capacity of 150 MW. These ventures, developed under the Renewable Energy Independent Power Producer Procurement Round 5 programme of the Department of Mineral Resources and Energy, signify a significant advancement in alternative power generation in the country.
Nedbank presently holds approximately 50% of the debt and leveraged its extensive sustainability expertise to structure the entire debt package. The financing, validated by an independent second-party opinion from the consulting firm IBIS, aligns with the Loan Market Association's green loan principles, National Treasury's green finance taxonomy, and the Climate Bonds Initiatives standards – all aimed at promoting transparency, integrity and credibility within the green loan market.
ENGIE's presence in Africa extends across 3 000 MW of electricity generation facilities, underscoring their unwavering commitment to combatting global warming and fostering universal energy access.
Looking for an innovative sustainable finance partner that understands the dynamic regulatory landscape?