Independent power producer EDF Renewables achieved commercial and financial close on its Umoyilanga project on November 28, 2023, reaching commercial close with the Department of Mineral Resources and Energy (DMRE), and then concluding financial close with financial institutions Nedbank, RMB and the Development Bank of Southern Africa. This was consequent to its attaining legal close on August 30, 2023, with the signing of the power purchase agreement (PPA) with State-owned power utility Eskom, and the implementation agreement (IA) with the DMRE, for the hybrid renewable-power facility to be built in South Africa.
