Global Infrastructure SherpaAnthem and Reatile Group secure financing for 475 MWac Notsi Solar PV Project in South Africa
475 MWac
Capacity
construction
Stage
Notsi Solar PV Project
Project
Anthem and Reatile Group have reached financial close on the 475 MWac Notsi Solar PV Project in South Africa, with debt financing provided by a group of lenders.
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Counterparts (7)
Lender
Standard Bank Group
Standard Bank Group is Africa's largest bank by assets, providing a full range of banking and financial services across 20 African countries and globally. It is a leading financier, advisor, and occasional equity investor for large-scale infrastructure and energy projects across the continent.
T
Third Way Investment Partners
New York-based private equity firm founded in 2018, focusing on infrastructure investments. Operates with a small team of 2-10 employees.
Absa Group
Absa Group is a leading African financial services group headquartered in Johannesburg, South Africa, with a significant presence across the continent. It provides extensive project finance, corporate finance, and advisory services for infrastructure and energy transition projects in various sectors.
V
Vantage Capital
N
Nedbank Corporate and Investment Banking
Nedbank Corporate and Investment Banking is a leading South African financial institution providing comprehensive banking, advisory, and financing solutions for large-scale infrastructure and energy projects, primarily across South Africa and Sub-Saharan Africa. It is a key lender in renewable energy and public-private partnerships.
Developer
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Africa's largest bank, Standard Bank Group, joined fellow South African heavyweights Absa Group and Nedbank CIB to finance the 475 MWac Notsi Solar PV Project in Free State. This financing also drew in New York-based private equity firm Third Way Investment Partners, a relatively new player founded in 2018 with an infrastructure focus, alongside Vantage Capital. The deal, which reached financial close for developers Anthem and Reatile Group, clears the way for construction to begin on the substantial solar facility.
- 475 MWac Notsi Solar PV Project in Free State, South Africa.
- Lending consortium includes Africa's largest bank, Standard Bank Group, and New York-based Third Way Investment Partners.
- Third Way Investment Partners, a private equity firm founded in 2018, participated as a lender.
- Project moves to construction stage.
Source Intelligence
“
Capacity
475 MWac / 620 MWdc
“
Location
South Africa’s Free State
“
Announcement
6 March 2026
“
Signing
Anthem has reached financial close
PARTIES MENTIONED IN SOURCE
A
Anthem
developer
"Anthem has reached financial close on the 475 MWac / 620 MWdc Notsi Solar PV Project"
low quality
Enriched Mar 9, 2026
Timeline
Announced
Mar 6, 2026
Signed
Mar 6, 2026
Closed
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