The European Investment Bank (EIB) and FirstRand Bank have jointly allocated €400 million (US$444 million) to support the development of solar PV and wind generation projects in South Africa. This investment aims to bolster South Africa's energy security, reduce power cuts, and combat climate change by diversifying the country's energy mix. Despite being one of the best locations globally for solar PV projects, South Africa has not fully capitalized on its solar potential. The EIB believes that encouraging private sector investments will play a crucial role in tapping into the abundant solar resources the country offers. The funding from EIB and FirstRand Bank complements the Just Energy Transition Partnership (JETP) and Europe's clean infrastructure strategy, known as the Global Gateway. By enhancing clean and sustainable infrastructure, the initiative supports South Africa's decarbonization efforts and promotes new opportunities in the green economy. Ambroise Fayolle, the EIB vice-president, emphasized the organization's commitment to supporting green transition opportunities and clean energy technologies. The article highlights that Africa, particularly South Africa, holds significant untapped solar PV potential. Major projects are in progress, with notable achievements such as the approval and commercial close of projects under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). South Africa is also home to one of the largest battery energy storage systems in the southern hemisphere, alongside a massive solar PV power plant. The EIB's investment signifies a step towards harnessing Africa's solar energy potential and transitioning to a cleaner energy landscape. The partnership with FirstRand Bank and the launch of the EIB's Regional Hub for Southern Africa and the Indian Ocean demonstrate a concerted effort to drive sustainable development in the region. The initiative aligns with the broader context of increasing renewable energy investments globally and underlines the importance of collaboration and financing to propel the transition to cleaner energy sources.