Corporate and Investment
Energy and Infrastructure
As one of Africa's largest banks, we take pride in our extensive on-the-ground presence across 20 countries. Energy and Infrastructure are two critical pillars that lay the foundation for Africa's sustainable development and economic growth. With deep expertise, dedicated on-the-ground teams with diverse skill sets in the sector, we are at the forefront of driving Africa towards a sustainable and prosperous future. By prioritizing energy and infrastructure and diversifying the energy mix, we believe Africa can fuel its own growth. Together, we can create a future where energy and infrastructure serve as catalysts for economic growth, delivering financial returns and socio-economic progress. Partner with us, and let’s shape a prosperous and resilient Africa for generations to come.
Driving change and leveraging our expertise to advance the energy sector
In addition to providing solutions to our clients, our team is also committed to engaging with other industry stakeholders to ensure that we all play a role in accelerating growth within the industry. We will be lending our voice at the following upcoming events taking place in October and November: Windaba, Powering a Sustainable Future for KZN, Africa Oil Week, the Green Energy Africa Summit, African Energy Week, National Oil Companies and Africa Investment Exchange. Read more about these events here.
Sub Sectors
Energy
Energy, underpins economic growth in mature and emerging markets, with Africa no exception. In Africa, where around 500 million people do not have access to electricity, increased access to energy (including access to fuels for transportation and cooking) is crucial to human development and the continent’s industrialisation, which can promote increased prosperity and reduced energy inequality. We believe that access to affordable and reliable energy is fundamental to Africa’s development.
Concerning non-renewable energy (82% of current global energy production), Standard Bank will continue to support transactions that are compliant with the Equator Principles in line with our shareholder approved Climate Policy. We firmly believe that gas is a transition fuel and African gas can play a major role in supporting the continent as well as decarbonising the likes of Asia Pacific. Recent examples of transactions we have supported include:
- Acting as ECIC Adviser, ECIC and Commercial Loan MLA, Macroeconomic Study Adviser to Mozambique LNG
- Executing an equity trade for Renergen with us currently acting as Commercial Loan MLA for them
- Acting as Commercial Loan MLA to Coral FLNG
- Acting as Commercial Loan MLA to CEF and CMG’s acquisition of 40% of ROMPCO
- Acting as Commercial Loan MLA of Train 7’s expansion financing by Nigeria LNG
- Acting as Macroeconomic Study Adviser to Tanzania LNG
In order to fulfil the twin goals of providing reliable energy supply for all African citizens and developing Africa, it is important to invest our time and skills in innovative technological solutions. Our investment in various projects has resulted in positive social impacts for the communities in which we operate, from the creation of jobs to skills development and overall social upliftment. We are committed to playing a role in driving a sustainable and just energy transition for the African continent.
As a bank that is at the forefront of Africa’s role in the energy transition, we remain committed to driving sustainable and inclusive economic progress by partnering clients to find the right solutions and support them in their sustainability journey. Some of our recent Renewable Energy partnerships include the following:
- Red Rocket reached financial close on 3 onshore wind projects with a total value of R12 billion.
- EDF Renewables secured financial close on 2 wind-powered renewable energy generation projects within the first round of the Renewable Energy Independent Power Producer Programme (REIPPP).
- PAIDF 2 received a R500 million equity financing solution from Standard Bank to invest in the development of African infrastructure.
- Anergi received a EUR50 million structured equity financing solution for Africa's largest wind farm, Lake Turkana Wind Power.
- Tronox partnered with us to build a 200MW solar powerplant to support their mining operations in South Africa.
- Seriti reached financial close on its acquisition of wind-powered renewable energy company Windlab Africa.
- Scatec received R18 billion to fund the development of the first sizable battery energy storage and photovoltaic solar project in South Africa.
Infrastructure
Infrastructure development is a crucial aspect of Africa’s growth. With a youthful population, there is an increasing demand for infrastructure that promotes reliable forms of transportation and industrialisation in order to create job opportunities and boost economic activity.
By investing in the development of the continent’s infrastructure, we can begin to create more opportunities to promote inter-regional trade, strengthen relations between African countries, create more efficient ways to import and export products and accelerate economic growth across the continent.
-
Energy
-
Infrastructure
Energy, underpins economic growth in mature and emerging markets, with Africa no exception. In Africa, where around 500 million people do not have access to electricity, increased access to energy (including access to fuels for transportation and cooking) is crucial to human development and the continent’s industrialisation, which can promote increased prosperity and reduced energy inequality. We believe that access to affordable and reliable energy is fundamental to Africa’s development.
Concerning non-renewable energy (82% of current global energy production), Standard Bank will continue to support transactions that are compliant with the Equator Principles in line with our shareholder approved Climate Policy. We firmly believe that gas is a transition fuel and African gas can play a major role in supporting the continent as well as decarbonising the likes of Asia Pacific. Recent examples of transactions we have supported include:
- Acting as ECIC Adviser, ECIC and Commercial Loan MLA, Macroeconomic Study Adviser to Mozambique LNG
- Executing an equity trade for Renergen with us currently acting as Commercial Loan MLA for them
- Acting as Commercial Loan MLA to Coral FLNG
- Acting as Commercial Loan MLA to CEF and CMG’s acquisition of 40% of ROMPCO
- Acting as Commercial Loan MLA of Train 7’s expansion financing by Nigeria LNG
- Acting as Macroeconomic Study Adviser to Tanzania LNG
In order to fulfil the twin goals of providing reliable energy supply for all African citizens and developing Africa, it is important to invest our time and skills in innovative technological solutions. Our investment in various projects has resulted in positive social impacts for the communities in which we operate, from the creation of jobs to skills development and overall social upliftment. We are committed to playing a role in driving a sustainable and just energy transition for the African continent.
As a bank that is at the forefront of Africa’s role in the energy transition, we remain committed to driving sustainable and inclusive economic progress by partnering clients to find the right solutions and support them in their sustainability journey. Some of our recent Renewable Energy partnerships include the following:
- Red Rocket reached financial close on 3 onshore wind projects with a total value of R12 billion.
- EDF Renewables secured financial close on 2 wind-powered renewable energy generation projects within the first round of the Renewable Energy Independent Power Producer Programme (REIPPP).
- PAIDF 2 received a R500 million equity financing solution from Standard Bank to invest in the development of African infrastructure.
- Anergi received a EUR50 million structured equity financing solution for Africa's largest wind farm, Lake Turkana Wind Power.
- Tronox partnered with us to build a 200MW solar powerplant to support their mining operations in South Africa.
- Seriti reached financial close on its acquisition of wind-powered renewable energy company Windlab Africa.
- Scatec received R18 billion to fund the development of the first sizable battery energy storage and photovoltaic solar project in South Africa.
Infrastructure development is a crucial aspect of Africa’s growth. With a youthful population, there is an increasing demand for infrastructure that promotes reliable forms of transportation and industrialisation in order to create job opportunities and boost economic activity.
By investing in the development of the continent’s infrastructure, we can begin to create more opportunities to promote inter-regional trade, strengthen relations between African countries, create more efficient ways to import and export products and accelerate economic growth across the continent.
Deals in Energy and Infrastructure
Red Rocket closes on onshore wind projects worth R12 billion
Standard Bank is proud to announce that it has partnered with Red Rocket, African Infrastructure Investment Managers (through its IDEAS Fund) and Jade-Sky Energy to reach financial close on 3 onshore wind projects with a total value of R12 billion.
Partnering EDF Renewables to boost SA’s Renewable Energy Sector
Standard Bank has acted as the mandated lead arranger and debt facility provider for EDF Renewables to secure financial close on 2 wind-powered renewable energy generation projects within the first round of the Renewable Energy Independent Power Producer Programme (REIPPP) Bid Window 5.
Standard Bank provides R500m equity finance to PAIDF 2
Standard Bank is proud to announce that it has provided the Pan African Infrastructure Development Fund (PAIDF) 2 with a R500m equity financing solution in order to help the fund deliver on its strategic ambition of transforming Africa through infrastructure.
Standard Bank provides EUR50m equity finance to refinance Anergi’s interests in Africa's largest wind farm
Standard Bank is proud to announce that it has provided Anergi with a EUR50m structured equity financing refinance solution for Africa's largest wind farm, Lake Turkana Wind Power.
Standard Bank facilitates SUEZ acquisition of EnviroServ
Standard Bank is proud to announce that it has recently facilitated the acquisition of EnviroServ, the largest private waste and water management business in sub-Saharan Africa, by French utility giant SUEZ and its local partners Royal Bafokeng Holdings (RBH) and African Infrastructure Investment Managers (AIIM).
Standard Bank supports SOLA Group, Tronox SA and Rainbow Energy’s 200MW solar powerplant
Tronox Holdings plc, a vertically integrated mining and chemical business, has entered into a long-term power purchase agreement with local independent power producer, SOLA Group (“SOLA”) and African Rainbow Energy (“ARE”), to construct a 200MW solar powerplant to support its mining operations in South Africa.
Standard Bank supports Seriti in its acquisition of Windlab Africa
Standard Bank, in partnership with Seriti Resources Holdings (Seriti), has reached financial close on its acquisition of wind-powered renewable energy company Windlab Africa.
Standard Bank provides funding for Africa’s largest baseload renewable energy project
Standard Bank and British International Investment (BII) partnered with Scatec and H1 Holdings to develop the first sizable battery energy storage and photovoltaic (PV) solar project in South Africa, Africa’s largest and South Africa’s first baseload renewable energy project uniquely powered entirely by renewable sources.
Standard Bank provides funding for SA and Mozambique government’s ROMPCO acquisition
Standard Bank recently provided the requisite finances to support state-owned energy companies in South Africa and Mozambique to increase their stakes in the ROMPCO gas pipeline.
Dele Kuti
Global Head: Energy and Infrastructure
Energy and Infrastructure are pivotal to Sub-Saharan Africa’s progress. In a fast-evolving global context, harnessing SSA’s potential is crucial in driving economic growth and maintaining Africa’s global competitiveness.
GET IN TOUCH
Dele Kuti
Global Head: Energy and Infrastructure
Telephone
Email
Rentia Van Tonder
Head: Power, Client Coverage
Telephone
Email
Paul Eardley-Taylor
Southern Africa Head: Oil and Gas
Telephone
Email
Olivier Fleurentin
Executive: Energy and Infrastructure - Europe
Telephone
Email
Maina Kigundu
Head: Oil and Gas
Email
Jonathan Muga
Head: Infrastructure
Telephone
Email
We also offer
Diversified Industries
Broadening solution driven product offerings and services
Telecommunications, Media and Technology Sector
Connecting you to the right partners in the telecommunications, media and technology sector
Mining and Metals Sector
Blue sky thinking that's creating a greener Africa for all
Real Estate Sector
Partnering with you for your real estate financing success
Public Sector
Driving financial solutions in the public sector