Harnessing Partnerships to Power Energy at Scale

Through our R1.25 billion commitment, we will support Project Naos full lifecycle - from design and construction, through to operations and maintenance. Once operational, the project will supply clean, reliable power to Sasol Ltd via its energy-trading subsidiary, Nomusize (Pty) Ltd, together with Air Liquide Large Industries South Africa Proprietary Limited (ALLISA), under long-term power-purchase agreements spanning 25 years.

This landmark transaction represents a significant milestone in South Africa’s renewable-energy landscape and supports South Africa’s just energy transition by helping reduce reliance on fossil fuels, lowering carbon emissions and strengthening energy security. Beyond its economic value, the project also creates skilled employment opportunities throughout construction and operations, particularly in underserved areas, and contributes to local enterprise development and community upliftment initiatives.

As a leading independent power producer and pioneer in the commercial and industrial renewable-energy sector, SOLA Group continues to advance South Africa’s just energy transition through innovative, large-scale projects.

This transaction reinforces Absa’s leadership in renewable-energy finance, delivering structured, innovative energy solutions that drive sustainable growth. It highlights how strong partnerships and targeted investment can accelerate the transition to a low-carbon South Africa.