Norton Rose Fulbright South Africa advises Prescient Investment Management on R210 million renewable energy financing

Norton Rose Fulbright South Africa has advised Prescient Investment Management Proprietary Limited, acting as agent of the Prescient Clean Energy and Infrastructure Debt Fund Trust and the Prescient Infrastructure Debt Fund Trust, on a secured ZAR210 million equity finance facility provided to Reatile Renewables De Aar 2 South Wind (RF) Proprietary Limited.

The facility will fund Reatile Renewables De Aar 2 South Wind’s equity contributions to Mulilo De Aar 2 South (RF) Proprietary Limited, a renewable energy project company. This financing represents a key step in advancing South Africa’s clean energy transition and strengthening the country’s commitment to sustainable infrastructure.

Norton Rose Fulbright acted as lead legal advisor to Prescient, by drafting and negotiating the facility agreement and the related security documents. The team also advised the lenders on the evolving market standards relating to the industry-wide transition from JIBAR to ZARONIA, tailoring the transaction to reflect market developments and the specific requirements of the lenders.

The Norton Rose Fulbright team was led by Izak Lessing (Director, Banking and Finance) with support from Adrienne Hendricks (Associate, Banking and Finance).

This deal underscores Norton Rose Fulbright’s expertise in structuring innovative, high-impact financing arrangements that meet the unique needs of institutional lenders while driving sustainable growth in South Africa’s energy sector.