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 Supporting cleaner fuels and long-term energy resilience Natref is investing in refinery upgrades that support cleaner-fuel readiness, operational continuity and South Africa’s inland fuel supply. Read more DEALS Absa supports Growthpoint Healthcare Property Holdings’ expansion into the senior living sector The appointment of Absa as Master Custodian to South Africa's Government Employees Pension Fund (GEPF) has understandably attracted attention within institutional investment circles. The GEPF is not only Africa's largest pension fund but one of the continent's most significant pools of long-term capital. Read more DEALS Absa supports Ilitha’s expansion of fibre connectivity across underserved communities Absa Corporate and Investment Banking (CIB) has successfully supported Ilitha Telecommunications through a R500 million financing facility that will enable the expansion of its fibre network across South Africa’s township economies. Read more
