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Investec Approves $813 Million Debt for South African Renewables

Investec Bank Plc said it’s able to provide 8 billion rand ($813 million) in debt funding for clean-energy projects in South Africa as the country adds wind and solar output.

The money would be used to finance plants in the nation’s third renewables bidding round, Robert Gecelter, a member of Investec’s Project and Infrastructure Finance team, said today in Johannesburg.