DBSA, European Investment Bank to extend R7.2bn in loans to renewable energy producers

The original article can be found here.

Article highlights:

  • As much as R7.2 billion in loans is up for grabs for renewable energy independent power producers.
  • The Development Bank of Southern Africa and European Investment Bank launched the lending programme on the sidelines of COP27.
  • The new credit line could see as much as 1 200 MW of generation capacity added across South Africa, while avoiding 3.6 million tons of carbon emissions.