ICBC is Standard Bank’s single largest shareholder with a 20% stake. Johannesburg-based Standard Bank has already provided financing for a number of wind and solar projects.
Two rounds of renewable energy tenders have been completed so far, and the winners of the third round are due to be announced soon, Standard Bank says.
The bank says the 20bn rand funding agreement will be jointly run by the two partners and used to provide debt financing on a project-by-project basis.
“ICBC
