Standard Bank’s total SA renewables underwrite more than R10bn
Engineering News – ONLINE
24 June 2014
Banking group Standard Bank reports that it has, to date, underwritten more than R10-billion-worth of funding to support the roll out of renewable-energy projects in South Africa.
The projects have arisen as a result of the first two bid windows under government’s Renewable EnergyIndependent Power Producer Procurement Programme (REIPPPP).
Head of renewables Rentia van Tonder, who previously led the Industrial Development Corporation’s green business unit, indicates that Standard Bank is also supporting bid-window-three projects and has appetite to participate in the upcoming fourth bid window, the closing date for which is August 18. Read more…