Chariot's Etana secures $100mln guarantee finance for renewable projects in South Africa
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Chariot Ltd has secured a $100 million guarantee finance facility for its subsidiary, Etana Energy, to support renewable projects in South Africa. The financing is provided by British International Investment and GuarantCo, each contributing $50 million.
December 04, 2024 | 8:00 am
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Chariot Ltd's subsidiary, Etana Energy, has secured a $100 million guarantee finance facility for renewable projects in South Africa, potentially boosting Chariot's project development and financial stability.
The $100 million guarantee finance facility for Etana Energy, a subsidiary of Chariot Ltd, is significant as it supports the development of renewable projects in South Africa. This financial backing from reputable institutions like British International Investment and GuarantCo enhances Chariot's ability to execute its projects, potentially leading to increased revenue and financial stability. The news is likely to positively impact Chariot's stock price in the short term.
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