Three huge wind farms and a massive transmission line are set to be built in the region, with the banks funding wind farms in the Eastern Cape

The Development Bank of Southern Africa (DBSA) has been appointed as a co-mandated lead arranger alongside Absa and Nedbank to provide debt funding and BEE equity funding for three large-scale wind farms in the Eastern Cape.

20 Year Power Purchase Agreement

The project will supply 330 MW to Sasol and Air Liquide’s operations in Secunda, Mpumalanga, under a 20-year Power Purchase Agreement.

The project’s sponsor is the Enel Green Power RSA and Perpetua Holdings consortium. They are behind banks funding wind farms in the Eastern Cape

“We expect the projects to start operating in 2026 in order to contribute towards the energy supply constraints in the country,” said Lungile Tom, Acting Head of Project Finance at the DBSA.

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