Row rect Shape Decorative svg added to bottom Powering South Africa’s energy transition through scalable infrastructure solutions Absa | Corporate and Investment Banking > Insights and Events > Powering South Africa’s energy transition through scalable infrastructure solutions SHARE Hartebeesfontein Battery Energy Storage System (BESS) project Absa Corporate and Investment Banking partnered with Mulilo Energy Holdings on the financing of the 77MW / 308MWh Hartebeesfontein Battery Energy Storage System (BESS) project, acting as Joint Mandated Lead Arranger, Senior Lender, Hedge Provider and Agent Bank. Once operational, the project will provide battery storage capacity and ancillary services to the National Transmission Company of South Africa (NTCSA), supporting grid stability and helping to strengthen the integration of renewable energy into the national grid. The transaction supports Mulilo’s strategy to deliver 1 GW of renewable energy capacity annually and reflects a shared commitment to enabling infrastructure that supports a more resilient, inclusive and lower-carbon energy future. Beyond its role in strengthening energy security, the project also contributes to broader development priorities by supporting infrastructure resilience, expanding participation in the energy economy and enabling long-term socio-economic value creation. For more information contact: Silindokuhle Mjoli(opens in new tab) Grant Udemans(opens in new tab) Jamie Adriaanse(opens in new tab) https://www.cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Strengthening market access through funding diversification Lewis Group has returned to the public bond market after 13 years, raising R1.1 billion through a senior unsecured bond auction. Read more DEALS Absa supports multi-family residential growth with a R355 million Social Loan for Live Easy Absa Corporate and Investment Banking (CIB) has provided a R355 million Social Loan to multi-family residential developer Live Easy, which reinforces a growing relationship aimed at expanding access to quality, affordable rental housing in South Africa. Read more 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
