Energy and Infrastructure
As Africa's largest bank by assets and the leading enabler of energy and infrastructure on the African continent, we are committed to supporting the continent's energy transition. Africa has vast energy resources, including oil, gas, coal and renewable energy sources, and with the right investment and expertise, the sector has the potential to unlock growth and improve the lives of millions of people. With deep expertise and extensive on-the-ground presence across 20 countries, our dedicated teams with diverse skill sets in the energy sector are at the forefront of identifying opportunities and providing tailored solutions to help our clients achieve their business objectives, while creating a more sustainable Africa.
Driving change and leveraging our expertise to advance the energy sector
In addition to providing solutions to our clients, our team is also committed to engaging with other industry stakeholders to ensure that we all play a role in accelerating growth within the industry. We participated at events such as Windaba, Powering a Sustainable Future for KZN, Africa Oil Week, the Green Energy Africa Summit, African Energy Week, National Oil Companies and Africa Investment Exchange. Read more about these events here.
Energy, underpins economic growth in mature and emerging markets, with Africa no exception. In Africa, where around 500 million people do not have access to electricity, increased access to energy (including access to fuels for transportation and cooking) is crucial to human development and the continent’s industrialisation, which can promote increased prosperity and reduced energy inequality. We believe that access to affordable and reliable energy is fundamental to Africa’s development.
Africa Energy Forum (aef) 2024
In line with our commitment to transforming the sector, we proudly announce that Standard Bank was the lead sponsor at aef 2024. For its 26th year, the aef focused on the theme 'Energy Systems of the Future: Balancing Africa's Needs with Global Goals' and will bring together governments, utilities and regulators with development finance institutions, commercial banks, power developers, technology providers, engineering, procurement and construction (EPC) companies and professional services. Standard Bank brought a wealth of experience and insights to the event through our participation in this forum.
Partnering for progress: Advancing Africa's energy sector
Our efforts in transforming the sector include providing financial support and advice to clients with their innovative projects, including the following:
- TotalEnergies: We partnered with TotalEnergies through its renewables’ affiliates in South Africa and Hydra Storage HoldCo to successfully facilitate the TotalEnergies Hydra Storage Project, which consists of a 216MW solar PV and 450MWh battery energy storage that will make available 75MW of dispatchable power every day from 5:00am to 9:30pm for 20 years and relieve pressure on the national power grid.
- Seriti Green: We successfully reached financial and commercial close on Seriti Green’s 155MW renewable energy wind project in Mpumalanga, the initial phase of the greater Ummbila Emoyeni facility.
- Lyra Energy: We advised Scatec and STANLIB in establishing a new renewable energy platform called Lyra Energy, which offers distributed access to high-quality, affordable and predictable utility-scale renewable energy to medium and large commercial and industrial customers.
Infrastructure development is a crucial aspect of Africa’s growth. With a youthful population, there is an increasing demand for infrastructure that promotes reliable forms of transportation and industrialisation in order to create job opportunities and boost economic activity.
By investing in the development of the continent’s infrastructure, we can begin to create more opportunities to promote inter-regional trade, strengthen relations between African countries, create more efficient ways to import and export products and accelerate economic growth across the continent.
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Energy
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Infrastructure
Energy, underpins economic growth in mature and emerging markets, with Africa no exception. In Africa, where around 500 million people do not have access to electricity, increased access to energy (including access to fuels for transportation and cooking) is crucial to human development and the continent’s industrialisation, which can promote increased prosperity and reduced energy inequality. We believe that access to affordable and reliable energy is fundamental to Africa’s development.
Africa Energy Forum (aef) 2024
In line with our commitment to transforming the sector, we proudly announce that Standard Bank was the lead sponsor at aef 2024. For its 26th year, the aef focused on the theme 'Energy Systems of the Future: Balancing Africa's Needs with Global Goals' and will bring together governments, utilities and regulators with development finance institutions, commercial banks, power developers, technology providers, engineering, procurement and construction (EPC) companies and professional services. Standard Bank brought a wealth of experience and insights to the event through our participation in this forum.
Partnering for progress: Advancing Africa's energy sector
Our efforts in transforming the sector include providing financial support and advice to clients with their innovative projects, including the following:
- TotalEnergies: We partnered with TotalEnergies through its renewables’ affiliates in South Africa and Hydra Storage HoldCo to successfully facilitate the TotalEnergies Hydra Storage Project, which consists of a 216MW solar PV and 450MWh battery energy storage that will make available 75MW of dispatchable power every day from 5:00am to 9:30pm for 20 years and relieve pressure on the national power grid.
- Seriti Green: We successfully reached financial and commercial close on Seriti Green’s 155MW renewable energy wind project in Mpumalanga, the initial phase of the greater Ummbila Emoyeni facility.
- Lyra Energy: We advised Scatec and STANLIB in establishing a new renewable energy platform called Lyra Energy, which offers distributed access to high-quality, affordable and predictable utility-scale renewable energy to medium and large commercial and industrial customers.
Infrastructure development is a crucial aspect of Africa’s growth. With a youthful population, there is an increasing demand for infrastructure that promotes reliable forms of transportation and industrialisation in order to create job opportunities and boost economic activity.
By investing in the development of the continent’s infrastructure, we can begin to create more opportunities to promote inter-regional trade, strengthen relations between African countries, create more efficient ways to import and export products and accelerate economic growth across the continent.
Energy and Infrastructure are pivotal to Sub-Saharan Africa’s progress. In a fast-evolving global context, harnessing SSA’s potential is crucial in driving economic growth and maintaining Africa’s global competitiveness.