Deals Counterparts

Stanlib Infrastructure Fund II invests in biofuels project

Investment Biofuels announced South Africa May 20, 2025
USD2.6B
Deal Value
4.3 GW
Capacity

Stanlib Infrastructure Fund II made an investment in an unnamed biofuels project in South Africa. The investment will support the development and operation of the biofuels facility.

Source Intelligence

KEY DETAILS

Lyra Energy will wheel affordable and reliable power across the national utility Eskom’s transmission infrastructure to medium and large commercial and industrial customers, who will sign fixed term offtake agreements.

Deal Size
Standard Bank will support Lyra Energy from the R50 billion (c.$2.6 billion) it has committed towards financing renewable energy projects.
Capacity
Scatec, the technical partner, is a global IPP that already has 4.3 GW of power projects in operation or under construction.
Location
Lyra Energy will fund, build, own and operate renewable generation assets in South Africa.
PPA Details
These customers will be able to obtain green energy certifications that are key to achieving individual and global net zero goals.
Announcement
Feb 12, 2024
PARTIES MENTIONED IN SOURCE
S
STANLIB Infrastructure Investments investor

"STANLIB Infrastructure Investments, through the STANLIB Infrastructure Fund II, has partnered with Scatec, a global renewable energy provider, and Standard Bank, the largest funder of infrastructure in Africa, to create a new renewable energy platform, Lyra Energy."

S
Scatec developer

"STANLIB Infrastructure Investments, through the STANLIB Infrastructure Fund II, has partnered with Scatec, a global renewable energy provider, and Standard Bank, the largest funder of infrastructure in Africa, to create a new renewable energy platform, Lyra Energy."

S
Standard Bank lender

"STANLIB Infrastructure Investments, through the STANLIB Infrastructure Fund II, has partnered with Scatec, a global renewable energy provider, and Standard Bank, the largest funder of infrastructure in Africa, to create a new renewable energy platform, Lyra Energy."

L
Lyra Energy developer

"STANLIB Infrastructure Investments, through the STANLIB Infrastructure Fund II, has partnered with Scatec, a global renewable energy provider, and Standard Bank, the largest funder of infrastructure in Africa, to create a new renewable energy platform, Lyra Energy."

medium quality Enriched Feb 19, 2026

Timeline

Announced
May 20, 2025
Signed
Closed
1 of 1 Biofuels deals tracked this month · Updated daily

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