French and German banks provide loans to SA for Just Energy Transition Partnership

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South Africa, France and Germany have signed loan agreements for the two European nations

to each extend €300 million in concessional financing to South Africa to support the country’s

efforts to reduce its reliance on coal through a just transition to cleaner energy sources. The

French and German public development banks, have provided the loans directly

to the South African government via National Treasury.

The signing represents a significant milestone in the implementation of the Just Energy

Transition Partnership announced at COP26 in November last year.

Written by: Keenan Williams

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