Standard Bank powers Raubex's renewable energy projects with R500 million green guarantee facility

This is Standard Bank’s first sustainable finance labelled guarantee facility and is a testament to its dedication to providing innovative financial products to clients across the continent. In line with the bank’s broader Climate Policy strategy to mobilise sustainable finance towards supporting positive impact via the just energy transition on the continent, guarantees supporting eligible renewable energy projects will be classified as green guarantees and enjoy differentiated fees.

The bank’s Trade Finance and Sustainable Finance teams collaborated closely with Raubex and structured the facility in alignment with the Loan Market Association (LMA) Green Loan Principles. 

Founded in 1974, Raubex is a leading South African infrastructure development and construction materials supply group, which aims to be the African leader in road and civil engineering contracting and the provision of construction materials and mining services. The company’s infrastructure division specialises in various disciplines outside the road construction sector and has a specific focus on renewable energy development projects.

Raubex invests in its communities and aims to tackle challenges such as poverty, unemployment, inequality and inadequate provision of infrastructure. The company’s infrastructure division participates in various affordable housing and renewable energy projects and is currently expecting a number of new tenders to be released to restore infrastructure damaged by floods in the affected areas in the Western and Eastern Cape as well as KwaZulu-Natal.

As Africa’s largest bank by assets, we believe that collaboration and innovation are essential to unlocking a sustainable future for all African citizens. We are proud to have been able to provide an innovative sustainable finance solution to a company supporting renewable energy projects.

Partnering with companies such as Raubex allows us to accelerate the transition to a greener, more equitable society, and we will continue to invest in a future where clean, affordable energy empowers our people and protects our planet.