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Standard Bank Spearheads the power market liberalisation in South Africa with more than 500MW

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Standard Bank has over the last two years significantly expanded its support of decentralised energy to more than 500MWs of new capacity under construction in South Africa.

In response to the growing trend of energy procurements amongst some of South Africa’s leading industries, including mining, industrial and consumer sectors, Since restrictions were lifted on independent power production for businesses, there has been an increased investment trend in decentralised power procurement.

Decentralised energy refers to energy solutions that are generated and consumed locally, rather than relying solely on the national grid. It could also include wheeled power, with IPPs selling to corporates directly through a PPA. Notable projects included the Sola Group and African Rainbow Energy and Power, where the financing a solar PV plant at African Rainbow Minerals’ platinum mining operations, delivering 270GWh of carbon-free electricity annually through a 20-year power purchase agreement.

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