Synergy Consulting, Inc. is honored to support Pele Green Energy (PGE) in the financing process for raising corporate loan facility of ZAR 2.5 BN (c. USD 132 MN) to shore up PGE’s capital base to recycle capital across existing projects and to fund new renewable power projects in South Africa.
Pele Green Energy is a South Africa based company focused on renewable energy generation and is a part of the Pele Energy Group.
PGE plans to own and operate five gigawatts of renewable energy projects by 2027.
Synergy supported PGE in developing the corporate financial model incorporating various underlying power assets with technologies ranging from wind, solar, CPV, and CSP. Further, Synergy took the lead in sizing and analyzing the corporate-level debt and supported the client in lender and audit discussions.
Participating lenders in the transaction included prestigious regional and international lenders, including Nedbank Group Ltd., Norfund AS, and the Industrial Development Corp.
Nedbank will provide ZAR 1.0 BN, the IDC ZAR 829 MN, and Norfund ZAR 658 MN.
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