Standard Bank commits R9.4bn to 11 renewables projects, pursuing more

Engineering News 7 November 2012.

JSE-listed Standard Bank reports that it is backing 11 of the 28 wind and solar projects selected following the first bid window under South Africa’s Renewable Energy Independent Power Producer Programme (REIPPP) and that it has underwritten R9.4-billion worth of debt for the developments.

The bank’s clients will collectively develop 338 MW of the onshore wind and 235 MW of solar photovoltaic (PV) capacity, which should be operational during 2014…

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