RMB funded renewables projects worth R50bn last year and is gearing up for private grid prospects

Corporate and investment bank RMB reports that it financed renewable-energy investments worth R50-billion over the past year and is expecting ongoing high levels of renewables funding this year, while positioning itself to also finance private grid projects in future. Infrastructure sector solutions head Judy Kobus reports that the bank’s funding has supported projects with a combined capacity of 2 400 MW, which were implemented on the back of both public and private procurement initiatives in South Africa.