Row rect Shape Decorative svg added to bottom Powering a sustainable future with Ferroglobe Absa | Corporate and Investment Banking > Insights and Events > Powering a sustainable future with Ferroglobe SHARE At Absa CIB, we believe that financing critical mineral supply is essential for advancing the Just Energy Transition. Our partnership with Ferroglobe supports the expansion of silicon metal production, which is key to semiconductor chips and solar panels, driving economic growth, job creation and Africa’s role in the renewable energy value chain. We are proud to act as the Mandated Lead Arranger, Lender and Hedging Bank to Ferroglobe South Africa. Absa has been awarded the transactional banking business as part of this transaction. Ferroglobe is the largest merchant producer of silicon metal in the Western World, a material that plays a vital role in the production of renewable energy technologies. Silicon-based solar cells are used in 95% of solar modules, making this a critical mineral for the Just Energy Transition. By increasing production capacity in South Africa, Ferroglobe is strengthening Africa’s position in the global supply chain for sustainable energy solutions. This transaction reflects our ability to connect capital with businesses that are shaping the future of energy and reinforcing our commitment to sustainable finance and long-term economic resilience. That’s how we are invested in your story. Contact Xoli Nene for more information https://www.cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Capital that builds confidence in South Africa’s tomorrow Absa Corporate and Investment Banking (CIB) is proud to partner with the South African National Treasury as the sole lead arranger and infrastructure finance structuring agent of a R11.8 billion Infrastructure and Development Finance Bond. This purpose-driven instrument is designed to finance or refinance priority infrastructure under the Government’s Budget Facility for Infrastructure (BFI) programme. Read more DEALS Building Namibia’s fiscal strength through purpose-led partnership Supporting the Government of the Republic of Namibia with a ZAR 1.5 billion facility that enables Eurobond repayment obligations and strengthens domestic fiscal resilience. Read more DEALS Distributed Energy. Powering Africa’s low-carbon leap Absa supports CrossBoundary Energy’s $225 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Read more
