The European Investment Bank (EIB) and the Development Bank of South Africa (DBSA) have significantly increased their commitment to supporting renewable energy projects in South Africa. Both institutions have pledged an additional €100 million each to an existing €400 million initiative, bringing the total investment to €600 million.
This collaboration aims to accelerate South Africa’s transition to cleaner energy sources by supporting the development of solar and wind power projects. By increasing renewable energy generation, the initiative will not only reduce carbon emissions but also enhance energy security and foster economic growth.
The EIB and DBSA are committed to working closely with South African businesses to develop and implement sustainable energy solutions. This initiative aligns with the Just Energy Transition Partnership (JETP), a global effort to support South Africa’s decarbonization efforts, and demonstrates a strong commitment to sustainable development.
