Standard Bank enables Seriti Green’s Mpumalanga based Ummbila Emoyeni to increase generation capacity, create jobs and economic opportunity

Standard Bank, Africa’s biggest bank by assets, is proud to announce the financial close of the 155MW Ummbila Emoyeni 3 (second phase) Wind Project which is the latest stage in Seriti Green’s private renewable energy rollout. Acting as a joint mandated lead arranger, Standard Bank played a central role in delivering the project financing for Seriti’s second phase of Ummbila Emoyeni. In addition to providing the Senior Project Finance debt, the bank has also provided direct equity investments and facilities to support project’s shareholder equity funding.