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

November 10, 2022 325

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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