Mulilo secures US$400 million facility from Standard Bank for renewables in South Africa

Mulilo, a leading South African renewable energy developer and independent power producer (IPP), has secured a landmark corporate facility from Standard Bank, Africa’s largest bank by assets. Standard Bank will act as the lender and agent for the Equity HoldCo Facility, with an initial R1.1 billion commitment to support Mulilo’s equity requirements. A further R5.9 ...