Norton Rose Fulbright South Africa Advises Pele Green Energy on Groundbreaking Wheeling Projects with Anglo American and EDF

South Africa - March 14, 2024 - Norton Rose Fulbright South Africa is pleased to announce its role in advising Pele Green Energy on landmark Southern Africa first-mover wheeling projects with Anglo American and EDF as co-shareholders. These pioneering projects involve Anglo American mines, smelters, and refineries as offtakers, with a combined capacity of 520MW.

The transaction represents a groundbreaking development in the market, showcasing a unique trading platform and offtake structure. This innovative approach offers an exceptional opportunity to efficiently allocate energy from the projects to offtakers while providing portfolio benefits and risk mitigation.

"We are delighted to have worked closely with Pele Green Energy on this groundbreaking collaboration," said Jackie Midlane, Head of Banking and Finance & Projects senior partner at Norton Rose Fulbright South Africa. "This transaction marks a significant milestone in the region's renewable energy landscape, highlighting the potential for impactful and sustainable energy solutions."

The advisory team to Pele Green Energy, led by Jackie Midlane, included Matt Ash, Head of Energy, Tamara Gerwel (corporate), senior associate Nicole McMillan, senior associate, CJ Greyling, senior associate, Olivia Radford, associate and Devan Falconer, associate. Their collective expertise and dedication were instrumental in navigating the complexities of this project and ensuring its success.

This collaboration with Anglo American and EDF represents a new era of energy partnerships in Southern Africa. We are proud to have supported Pele Green Energy in this historic endeavor, which sets a high standard for future renewable energy initiatives.

The wheeling projects with Anglo American and EDF demonstrate a strategic shift towards sustainable energy practices, aligning with regional and global efforts to reduce carbon footprints and promote renewable energy sources.

Norton Rose Fulbright South Africa remains committed to supporting clients in pioneering sustainable and innovative projects that contribute to a greener future.