EIB’s €200m funding of DBSA to support 1 200 MW private renewables roll-out

The European Investment Bank (EIB) has extended a €200-million loan to the Development Bank of Southern Africa (DBSA) to support the delivery of 1 200 MW of distributed renewables generation by private investors. The financing package, which is the largest-ever extended by the EIB to South Africa, was signed on Friday by EIB VP Ambroise Fayolle and DBSA CEO Patrick Dlamini on the side-lines of COP27 in Sharm El Sheikh, Egypt.