Absa, FDA offering rebate on energy efficiency, renewable energy loans
Engineering News – ONLINE
16 September 2014
Barclays Africa group company Absa, in partnership with the French Development Agency (FDA), was offering commercial businesses in South Africa an up to 7% rebate on loans of up to R100-million that are used to fund energy efficiency or renewable energy projects.
Biogas, solar power, wind power and solar water heater projects could qualify for the incentive, whileenergy efficiency projects such as the retrofitting or modification of a given company’s manufacturingprocesses, on-site heat and electricity generation, efficient lighting or the rehabilitation of power distribution systems could also qualify. Read more…
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