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Absa, FDA offering rebate on energy efficiency, renewable energy loans

Engineering News – ONLINE

16 September 2014

Barclays Africa group company Absa, in partnership with the French Development Agency (FDA), was offering commercial businesses in South Africa an up to 7% rebate on loans of up to R100-million that are used to fund energy efficiency or renewable energy projects.

Biogas, solar¬†power, wind¬†power¬†and solar¬†water¬†heater¬†projects¬†could qualify for the incentive, whileenergy efficiency projects¬†such as the retrofitting or modification of a given company‚Äôs¬†manufacturingprocesses, on-site heat and¬†electricity generation, efficient¬†lighting¬†or the rehabilitation of ¬†power distribution systems¬†could also qualify. ¬†Read more…

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