Nedbank sees SA clean energy loans jump to R50bn.
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Nedbank wants to almost double its lending to green energy projects in South Africa over the next two years as it seeks to cement its position as a market leader in funding renewable power projects.
The bank’s lending toward the government’s Renewable Independent Power Producer Program — aimed at boosting privately generated electricity in the nation — may jump to about R50 billion ($3 billion) in the “short-to-medium term” from R29 billion, said chief executive officer Mike Brown.
The bank’s lending toward the government’s Renewable Independent Power Producer Program — aimed at boosting privately generated electricity in the nation — may jump to about R50 billion ($3 billion) in the “short-to-medium term” from R29 billion, said chief executive officer Mike Brown.
