With the liberalisation of the South African electricity market, energy trading will become increasingly important. So highlighted Investec Project Finance Director Franca Sandham. She was participating in a panel discussion organised by energy transition financial consultancy Green Giraffe Advisory, on the fringe of the African Energy Indaba, in Cape Town, on Thursday. “Energy traders are essential to a more deregulated market,” she affirmed. “It’s inevitable. We’ll see more and more traders.”
Following its recent success in securing new public and private power purchase agreements, Pele Green Energy (PGE) is already having to consider additional funding options beyond the pioneering R2.5-billion Sithala facility concluded in November with Nedbank, Norfund and the Industrial Development Corporation. The facility has, for the first time, provided the black-owned independent power producer (IPP) with a consolidated funding platform designed to enable a competitive expansion in its operating portfolio from about 1 GW to 5 GW by 2027, as well as the capital needed to develop a project pipeline. It has also enabled PGE to refinance its existing group funding with a platform facility at the holding company level.