Energy and Infrastructure
As Africa's largest bank by assets and the leading enabler of energy and infrastructure on the African continent, we are committed to supporting the continent's energy transition. Africa has vast energy resources, including oil, gas, coal and renewable energy sources, and with the right investment and expertise, the sector has the potential to unlock growth and improve the lives of millions of people. With deep expertise and extensive on-the-ground presence across 20 countries, our dedicated teams with diverse skill sets in the energy sector are at the forefront of identifying opportunities and providing tailored solutions to help our clients achieve their business objectives, while creating a more sustainable Africa.
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 participated at events such as 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.
Upcoming event: Africa Energy Forum (aef) 2024
In line with our commitment to transforming the sector, we proudly announce that Standard Bank will be a lead sponsor at aef 2024. For its 26th year, the aef will focus on the theme 'Energy Systems of the Future: Balancing Africa's Needs with Global Goals' and will bring together governments, utilities and regulators with development finance institutions, commercial banks, power developers, technology providers, engineering, procurement and construction (EPC) companies and professional services. Standard Bank aims to bring a wealth of experience and insights to the event through our participation in this forum and looks forward to contributing to these important conversations.
Partnering for progress: Advancing Africa's energy sector
Our efforts in transforming the sector include providing financial support and advice to clients with their innovative projects, including the following:
- TotalEnergies: We partnered with TotalEnergies through its renewables’ affiliates in South Africa and Hydra Storage HoldCo to successfully facilitate the TotalEnergies Hydra Storage Project, which consists of a 216MW solar PV and 450MWh battery energy storage that will make available 75MW of dispatchable power every day from 5:00am to 9:30pm for 20 years and relieve pressure on the national power grid.
- Seriti Green: We successfully reached financial and commercial close on Seriti Green’s 155MW renewable energy wind project in Mpumalanga, the initial phase of the greater Ummbila Emoyeni facility.
- Lyra Energy: We advised Scatec and STANLIB in establishing a new renewable energy platform called Lyra Energy, which offers distributed access to high-quality, affordable and predictable utility-scale renewable energy to medium and large commercial and industrial customers.
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.
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Energy
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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.
Upcoming event: Africa Energy Forum (aef) 2024
In line with our commitment to transforming the sector, we proudly announce that Standard Bank will be a lead sponsor at aef 2024. For its 26th year, the aef will focus on the theme 'Energy Systems of the Future: Balancing Africa's Needs with Global Goals' and will bring together governments, utilities and regulators with development finance institutions, commercial banks, power developers, technology providers, engineering, procurement and construction (EPC) companies and professional services. Standard Bank aims to bring a wealth of experience and insights to the event through our participation in this forum and looks forward to contributing to these important conversations.
Partnering for progress: Advancing Africa's energy sector
Our efforts in transforming the sector include providing financial support and advice to clients with their innovative projects, including the following:
- TotalEnergies: We partnered with TotalEnergies through its renewables’ affiliates in South Africa and Hydra Storage HoldCo to successfully facilitate the TotalEnergies Hydra Storage Project, which consists of a 216MW solar PV and 450MWh battery energy storage that will make available 75MW of dispatchable power every day from 5:00am to 9:30pm for 20 years and relieve pressure on the national power grid.
- Seriti Green: We successfully reached financial and commercial close on Seriti Green’s 155MW renewable energy wind project in Mpumalanga, the initial phase of the greater Ummbila Emoyeni facility.
- Lyra Energy: We advised Scatec and STANLIB in establishing a new renewable energy platform called Lyra Energy, which offers distributed access to high-quality, affordable and predictable utility-scale renewable energy to medium and large commercial and industrial customers.
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.
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.
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Dele Kuti
Head: Energy and Infrastructure
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Rentia Van Tonder
Head: Power, Client Coverage
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Paul Eardley-Taylor
Southern Africa Head: Oil and Gas
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Olivier Fleurentin
Executive: Energy and Infrastructure - Europe
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Maina Kigundu
Head: Oil and Gas
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Jonathan Muga
Head: Infrastructure
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