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 Grant Udemans Jamie Adriaanse https://www.cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa supports Waco Africa’s growth ambitions with strategic funding solution Absa Corporate and Investment Banking (CIB) has successfully supported Waco Africa with a comprehensive funding package designed to strengthen the group's growth trajectory and support its long-term strategic objectives. Read more DEALS Connecting African ambition to global expertise Absa CIB and UKEF Establish USD100 Million Trade Finance Programme. Absa Corporate and Investment Banking (Absa CIB) has entered into a strategic partnership with UK Export Finance (UKEF) to establish a USD100 million UKEF-backed headroom programme that will support African small and medium enterprises and corporates purchasing UK goods and services. Read more DEALS Financing agricultural growth across Southern Africa Absa Corporate and Investment Banking arranged a USD350m financing facility for United Capital Fertilizer Ltd (UCF) to help scale production and improve fertilizer supply across key African markets. Read more
