This significant investment, backed by South Africa’s Nedbank group Ltd. and the Norwegian Climate Investment Fund, managed by Norfund, marks a pivotal milestone for PEG.
This capital infusion will empower Pele Green Energy (PGE) to scale its renewable energy portfolio and expand its footprint across South Africa and the broader African continent.
Synergy Consulting, Inc. played a crucial role in developing a dynamic corporate Financial Model that incorporated various power and storage assets, including BESS, Wind, Solar, CPV, and CSP. This Model facilitated an efficient capital raising process and supported the finalization of the capital structure.
Additionally, Synergy assisted PEG in identifying and analyzing equity valuations and engaging in discussions with funders.
In December 2023, Synergy also supported PEG in securing a ZAR 2.5 billion (~USD 135 million) corporate loan facility from Nedbank, Norfund, and the Industrial Development Corporation. This loan bolstered PGE’s capital base, enabling the recycling of capital across existing projects and funding new renewable power initiatives in South Africa.
We are thrilled to continue our partnership with PEG as they drive energy and socio-economic transformation through innovative renewable energy projects.