Allen Leuta
Partner, Head of Banking and Finance | Johannesburg
Contact
T: +27 11 669 9615
Overview
Allen Leuta is the Head of our Banking and Finance Department. He also co-heads our Infrastructure Sector Group. Allen is principally based in our Johannesburg office where he is a member of our Projects Energy and Infrastructure Practice. Allen has extensive experience on project development and financing transactions acting for finance parties (including development finance institutions and export credit agencies) and developers across a wide range of sectors in Africa.
Allen contributed to a PPA handbook “Understanding Power Purchase Agreements”, as part of a group of international experts brought together by the U.S Department of Commerce’s Commercial Law Development Program in partnership with ALSF. Published in November 2014, the handbook provides an overview of PPAs and the obligations, risks and remedies that are found within them. The group of experts, all whom contributed their time on a pro-bono basis, also included contributors from governments, development banks and private banks including AfDB, the World Bank, OPIC and AFC.
Experience
Jurisdictions worked in: South Africa
Languages fluent in: English
Allen has advised:
*experience gained prior to joining Bowmans
- Standard Bank on the financing of the 105MW (75MWac) Du Plessis Dam Solar PV2 facility near De Aar in the Northern Cape for Mulilo. This was the first project to achieve financial close under an aggregator model in South Africa, with Etana Energy as the offtaker.
- Standard Bank on the financing for a consortium comprising Phatisa, ES-Ko and management through Oryx Finance to finance the acquisition of International Facilities Services Mauritius, an integrated facilities management business servicing more than 40 remote sites across six African countries including Mozambique, DRC and Zambia.
- Nedbank on the financing on a limited recourse basis of the 100MW Sonvanger Solar Power Plant in the Free State Province, South Africa, to supply electrons under a long term corporate PPA to Glencore Operations South Africa for the South African ferrochrome smelters operated by the Glencore Merafe Venture as part of their decarbonization strategy.
- Standard Bank on the financing on a limited recourse basis of the Mogobe battery energy storage system facility totaling 103 MW/412 MWh developed by Scatec ASA as part of the first bidding round of the Battery Energy Storage Independent Power Producer Procurement Programme (REIPPPP) implemented by the Department of Mineral Resources and Energy. This was the first project to achieve financial close in that bidding round.
- Standard Bank on the financing on a limited recourse basis of three Grootfontein solar projects, developed by Scatec ASA as part of the fifth bidding round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) implemented by the Department of Mineral Resources and Energy. This was the first project to achieve financial close in that bidding round.
- The Standard Bank of South Africa Limited, Absa Bank Limited and Nedbank Limited on a limited recourse financing made available to Paarde Valley PV 2 (RF) Proprietary Limited for the design, development, financing, construction, testing, commissioning, ownership, operation and maintenance of the 120 MW Paarde Valley PV2 solar photovoltaic power generation plant.
- Standard Bank, Nedbank and Absa on the financing on a limited recourse basis of the 216 Solar Plant with a 500 MWh battery storage system Hydra Storage Project, developed by a consortium of TotalEnergies, Hydra Storage Holding and Reatile Renewables under the Department of Mineral Resources and Energy’s Risk Mitigation IPP Procurement Programme.
- The Standard Bank of South Africa Limited, Absa Bank Limited and Nedbank Limited on a limited recourse financing made available to Mulilo De Aar 2 South (RF) Proprietary Limited for the design, development, financing, construction, testing, commissioning, ownership, operation and maintenance of the 140 MW De Aar 2 South Wind Farm. This project also involves the development of the innovative Kestrel Main Transmission Substation to unlock critical grid capacity in a key solar resource area.
- The Standard Bank of South Africa Limited and Absa Bank Limited on a limited recourse financing made available to Oasis Mookodi (RF) Proprietary Limited for the financing, design, construction, operation and maintenance of the 77MW Oasis Mookodi Battery Storage Facility.
- The Standard Bank of South Africa Limited and Absa Bank Limited on a limited recourse financing made available to Oasis Aggeneis (RF) Proprietary Limited for the financing, design, construction, operation and maintenance of the 77MW Oasis Aggeneis Battery Storage Facility.
- The Standard Bank of South Africa Limited and Absa Bank Limited on a limited recourse financing made available to Oasis Nieuwehoop (RF) Proprietary Limited for the financing, design, construction, operation and maintenance of the 77MW Oasis Nieuwehoop Battery Storage Facility.
- The Standard Bank of South Africa Limited, Absa Bank Limited and Nedbank Limited on a limited recourse financing made available to Ukuqala Solar (RF) Proprietary Limited for the design, development, financing, construction, testing, commissioning, ownership, operation and maintenance of the 75 MW Ukuqala Solar Plant.
- International Finance Corporation, African Development Bank, European Investment Bank and Development Bank of Ethiopia on a limited recourse facility for Derba Midroc Cement Company to finance the construction of a greenfield integrated cement plant with a production capacity of up to 2.46 million tons per annum in the western part of Ethiopia.*
- IFC on the financing of the Dembesh Hotel in Juba, South Sudan to support the development of South Sudan’s tourism infrastructure.
- IFC on a USD 100 million loan facility for CRDB Bank PLC to support the growth of CRDB Bank’s micro, small and medium enterprises, as well as women owned and led small and medium enterprises in Tanzania.
- IFC on a loan facility for CRDB Bank Burundi S.A to support the growth of the bank’s micro, small and medium enterprises, as well as women owned and led small and medium enterprises in Burundi.
- IFC on a financing package for Coris Group to increase access to finance for micro, small and medium sized enterprises in the SAHEL region, including for women owned or led businesses. The financing package will help address critical financing gaps in Burkina Faso, Mali, Niger and Senegal.
- IFC on a loan facility for Peo Finance Proprietary Limited, a non-bank financial institution, to expand financial inclusion and improve access to loans for low income borrowers in Botswana.
- IFC on senior loan facilities to Platinum Credit Kenya, Platinum Credit Uganda and Premier Credit Uganda, all microfinance institutions and subsidiaries of Platcorp Holdings Limited to provide liquidity these microfinance institutions and to support the growth of their micro, small and medium enterprises portfolio.
- A listed South African mining company on the negotiation of a corporate power purchase agreement with a large-scale solar energy developer in the corporate and industrial electricity supply sector.
- EDF Renewables on its joint venture with Anglo American to establish Envusa Energy to develop a regional renewal energy system that is expected to generate 3 – 5 gigawatts of clean energy by 2030.
- Standard Bank and TDB on a facility for Zimbabwe Power Corporation to finance certain refurbishment works for the Hwange Power Station
- Development Bank of Southern Africa on a limited recourse financing for Upgrade Africa for the design, development, construction and operation and maintenance of a 40MW private solar facility intended to supply private industrial consumers in the corporate and industrial sector.
- A confidential bidder on the proposed Mpanda Nkuwa Hydro Power Project in Mozambique.
- A multilateral lender on the proposed development of a geothermal power project in Menengai, Kenya.*
- Revego on its portfolio acquisitions of equity interests in operating renewable energy projects developed under the Renewable Energy Independent Power Producer Programme implemented by the South African government.*
- Standard Bank and IFC on the refinancing of the limited recourse facilities for the Gulf Energy Thermal Station developed by Gulf Energy Consortium in Kenya.*
- Standard Bank as mandated lead arranger on the financing of the Wesley wind farm project being developed by Innowind (a preferred bidder in Round 4 of the South African Renewable Energy Independent Power Producer Procurement Programme).*
- Absa Bank Limited in connection with a standby letter of credit facility provided to ARM-Harith Infrastructure Fund (International) Limited to support its equity contribution obligations relating to the Cenpower project Kpone IPP in Ghana.*
- Absa Bank Limited in connection with a standby letter of credit facility provided to Pan African Infrastructure Development Fund 2 SA to support its equity contribution obligations relating to the Cenpower projectKpone IPP in Ghana.*
- CfC Stanbic Bank Limited on a loan facility for from Agence Francaise de Developpement to finance renewable power projects in Kenya.*
- A potential bidder in connection with the acquisition of an equity interest in a thermal power plant in Kayes, Mali.*
- Gemcorp Capital LLP on a loan to Caldera Energy Holdings to finance the construction of a modular oil refinery in Liberia.*
- Standard Bank on a bridge facility for Puma Energy for the financing of the construction of an oil products storage facility in Beira, Mozambique.*
- A developer on the development, financing and construction of a health care facility in Soweto, South Africa.*
- Gemcorp Capital LLP on the development, financing and construction of the Cabinda Oil Refinery in Cabinda Province, Angola.*
- Nedbank on a proposed limited recourse facility for Sefateng Chrome Valley Development Proprietary Limited.*
- Pan African Infrastructure Development Fund 2 in relation to the proposed financing and development of a 37km rail link in the Waterberg region in South Africa.*
- Stanbic Bank IBTC on a limited recourse credit facility from a syndicate of commercial lenders including Standard Bank for Golden Sugar Company, Nigeria.*
- Standard Bank as mandated lead arranger, on the financing of the development, construction, operation and maintenance of Burgan Cape Terminal bulk fuel storage facility in Cape Town, South Africa.*
- Standard Bank on a USD 40 million, ECA backed facility for RRL Grinrod to finance the supply of ore wagons to AML.*
- Standard Bank on a USD 90 million loan facility for African Minerals Limited to finance the purchase and supply of ore wagons and other mining equipment for the Tonkolili Iron Ore project in Sierra Leone.*
- Standard Bank on a limited recourse credit facility for Ndola Lime Company Limited, Zambia to support the development and modernisation of its production facilities.*
- Standard Bank on a limited recourse facility for Maputo Ports Dredging Company (EDPM) to finance the dredging of the Maputo Port.*
- Standard Bank on its participation in a USD 261 million Export Credit Insurance Corporation of South Africa backed facility for Eurochem from syndicate of commercial lenders to finance the construction of a mine.
Awards
- Chambers Global ranked Allen in Band 4 for his work in Projects & Energy in South Africa (2026).
- IFLR1000’s Financial and Corporate Guide has rated Allen as a Highly Regarded lawyer for his work in Project Finance for two consecutive years (2024-2025).
- IFLR1000’s Financial and Corporate Guide has rated Allen as a Highly Regarded lawyer for his work in Project Finance for two consecutive years (2024-2025).
‘Allen Leuta is a solid pair of hands and goes above and beyond to render excellent, commercially relevant and innovative solutions to complex problems on project finance transactions.’ – Chambers Global, 2026
‘Allen is dedicated, diligent, hard working, patient, and has a great understanding of our industry.’ – Chambers Global, 2026
‘Allen Leuta stands out in that he is able to mitigate legal risks but also has a strategic mind to problem solving. He is very commercial and has the ability to manage difficult clients or peers.’– Legal 500, 2025
‘Allen Leuta is a solid, intelligent, innovative and wise lawyer. He understands the mind of lenders and brings all this experience to the fore when providing advice.’– Legal 500, 2025
AREA OF EXPERTISE
Qualifications
Education
- LLM, Harvard Law School.
- LLB and BA (both with distinction), University of the Witwatersrand
Professional Memberships
- Admitted Attorney of the High Court of South Africa.
INSIGHTS
Overview
Allen Leuta is the Head of our Banking and Finance Department. He also co-heads our Infrastructure Sector Group. Allen is principally based in our Johannesburg office where he is a member of our Projects Energy and Infrastructure Practice. Allen has extensive experience on project development and financing transactions acting for finance parties (including development finance institutions and export credit agencies) and developers across a wide range of sectors in Africa.
Allen contributed to a PPA handbook “Understanding Power Purchase Agreements”, as part of a group of international experts brought together by the U.S Department of Commerce’s Commercial Law Development Program in partnership with ALSF. Published in November 2014, the handbook provides an overview of PPAs and the obligations, risks and remedies that are found within them. The group of experts, all whom contributed their time on a pro-bono basis, also included contributors from governments, development banks and private banks including AfDB, the World Bank, OPIC and AFC.
Experience
Jurisdictions worked in: South Africa
Languages fluent in: English
Allen has advised:
*experience gained prior to joining Bowmans
- Standard Bank on the financing of the 105MW (75MWac) Du Plessis Dam Solar PV2 facility near De Aar in the Northern Cape for Mulilo. This was the first project to achieve financial close under an aggregator model in South Africa, with Etana Energy as the offtaker.
- Standard Bank on the financing for a consortium comprising Phatisa, ES-Ko and management through Oryx Finance to finance the acquisition of International Facilities Services Mauritius, an integrated facilities management business servicing more than 40 remote sites across six African countries including Mozambique, DRC and Zambia.
- Nedbank on the financing on a limited recourse basis of the 100MW Sonvanger Solar Power Plant in the Free State Province, South Africa, to supply electrons under a long term corporate PPA to Glencore Operations South Africa for the South African ferrochrome smelters operated by the Glencore Merafe Venture as part of their decarbonization strategy.
- Standard Bank on the financing on a limited recourse basis of the Mogobe battery energy storage system facility totaling 103 MW/412 MWh developed by Scatec ASA as part of the first bidding round of the Battery Energy Storage Independent Power Producer Procurement Programme (REIPPPP) implemented by the Department of Mineral Resources and Energy. This was the first project to achieve financial close in that bidding round.
- Standard Bank on the financing on a limited recourse basis of three Grootfontein solar projects, developed by Scatec ASA as part of the fifth bidding round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) implemented by the Department of Mineral Resources and Energy. This was the first project to achieve financial close in that bidding round.
- The Standard Bank of South Africa Limited, Absa Bank Limited and Nedbank Limited on a limited recourse financing made available to Paarde Valley PV 2 (RF) Proprietary Limited for the design, development, financing, construction, testing, commissioning, ownership, operation and maintenance of the 120 MW Paarde Valley PV2 solar photovoltaic power generation plant.
- Standard Bank, Nedbank and Absa on the financing on a limited recourse basis of the 216 Solar Plant with a 500 MWh battery storage system Hydra Storage Project, developed by a consortium of TotalEnergies, Hydra Storage Holding and Reatile Renewables under the Department of Mineral Resources and Energy’s Risk Mitigation IPP Procurement Programme.
- The Standard Bank of South Africa Limited, Absa Bank Limited and Nedbank Limited on a limited recourse financing made available to Mulilo De Aar 2 South (RF) Proprietary Limited for the design, development, financing, construction, testing, commissioning, ownership, operation and maintenance of the 140 MW De Aar 2 South Wind Farm. This project also involves the development of the innovative Kestrel Main Transmission Substation to unlock critical grid capacity in a key solar resource area.
- The Standard Bank of South Africa Limited and Absa Bank Limited on a limited recourse financing made available to Oasis Mookodi (RF) Proprietary Limited for the financing, design, construction, operation and maintenance of the 77MW Oasis Mookodi Battery Storage Facility.
- The Standard Bank of South Africa Limited and Absa Bank Limited on a limited recourse financing made available to Oasis Aggeneis (RF) Proprietary Limited for the financing, design, construction, operation and maintenance of the 77MW Oasis Aggeneis Battery Storage Facility.
- The Standard Bank of South Africa Limited and Absa Bank Limited on a limited recourse financing made available to Oasis Nieuwehoop (RF) Proprietary Limited for the financing, design, construction, operation and maintenance of the 77MW Oasis Nieuwehoop Battery Storage Facility.
- The Standard Bank of South Africa Limited, Absa Bank Limited and Nedbank Limited on a limited recourse financing made available to Ukuqala Solar (RF) Proprietary Limited for the design, development, financing, construction, testing, commissioning, ownership, operation and maintenance of the 75 MW Ukuqala Solar Plant.
- International Finance Corporation, African Development Bank, European Investment Bank and Development Bank of Ethiopia on a limited recourse facility for Derba Midroc Cement Company to finance the construction of a greenfield integrated cement plant with a production capacity of up to 2.46 million tons per annum in the western part of Ethiopia.*
- IFC on the financing of the Dembesh Hotel in Juba, South Sudan to support the development of South Sudan’s tourism infrastructure.
- IFC on a USD 100 million loan facility for CRDB Bank PLC to support the growth of CRDB Bank’s micro, small and medium enterprises, as well as women owned and led small and medium enterprises in Tanzania.
- IFC on a loan facility for CRDB Bank Burundi S.A to support the growth of the bank’s micro, small and medium enterprises, as well as women owned and led small and medium enterprises in Burundi.
- IFC on a financing package for Coris Group to increase access to finance for micro, small and medium sized enterprises in the SAHEL region, including for women owned or led businesses. The financing package will help address critical financing gaps in Burkina Faso, Mali, Niger and Senegal.
- IFC on a loan facility for Peo Finance Proprietary Limited, a non-bank financial institution, to expand financial inclusion and improve access to loans for low income borrowers in Botswana.
- IFC on senior loan facilities to Platinum Credit Kenya, Platinum Credit Uganda and Premier Credit Uganda, all microfinance institutions and subsidiaries of Platcorp Holdings Limited to provide liquidity these microfinance institutions and to support the growth of their micro, small and medium enterprises portfolio.
- A listed South African mining company on the negotiation of a corporate power purchase agreement with a large-scale solar energy developer in the corporate and industrial electricity supply sector.
- EDF Renewables on its joint venture with Anglo American to establish Envusa Energy to develop a regional renewal energy system that is expected to generate 3 – 5 gigawatts of clean energy by 2030.
- Standard Bank and TDB on a facility for Zimbabwe Power Corporation to finance certain refurbishment works for the Hwange Power Station
- Development Bank of Southern Africa on a limited recourse financing for Upgrade Africa for the design, development, construction and operation and maintenance of a 40MW private solar facility intended to supply private industrial consumers in the corporate and industrial sector.
- A confidential bidder on the proposed Mpanda Nkuwa Hydro Power Project in Mozambique.
- A multilateral lender on the proposed development of a geothermal power project in Menengai, Kenya.*
- Revego on its portfolio acquisitions of equity interests in operating renewable energy projects developed under the Renewable Energy Independent Power Producer Programme implemented by the South African government.*
- Standard Bank and IFC on the refinancing of the limited recourse facilities for the Gulf Energy Thermal Station developed by Gulf Energy Consortium in Kenya.*
- Standard Bank as mandated lead arranger on the financing of the Wesley wind farm project being developed by Innowind (a preferred bidder in Round 4 of the South African Renewable Energy Independent Power Producer Procurement Programme).*
- Absa Bank Limited in connection with a standby letter of credit facility provided to ARM-Harith Infrastructure Fund (International) Limited to support its equity contribution obligations relating to the Cenpower project Kpone IPP in Ghana.*
- Absa Bank Limited in connection with a standby letter of credit facility provided to Pan African Infrastructure Development Fund 2 SA to support its equity contribution obligations relating to the Cenpower projectKpone IPP in Ghana.*
- CfC Stanbic Bank Limited on a loan facility for from Agence Francaise de Developpement to finance renewable power projects in Kenya.*
- A potential bidder in connection with the acquisition of an equity interest in a thermal power plant in Kayes, Mali.*
- Gemcorp Capital LLP on a loan to Caldera Energy Holdings to finance the construction of a modular oil refinery in Liberia.*
- Standard Bank on a bridge facility for Puma Energy for the financing of the construction of an oil products storage facility in Beira, Mozambique.*
- A developer on the development, financing and construction of a health care facility in Soweto, South Africa.*
- Gemcorp Capital LLP on the development, financing and construction of the Cabinda Oil Refinery in Cabinda Province, Angola.*
- Nedbank on a proposed limited recourse facility for Sefateng Chrome Valley Development Proprietary Limited.*
- Pan African Infrastructure Development Fund 2 in relation to the proposed financing and development of a 37km rail link in the Waterberg region in South Africa.*
- Stanbic Bank IBTC on a limited recourse credit facility from a syndicate of commercial lenders including Standard Bank for Golden Sugar Company, Nigeria.*
- Standard Bank as mandated lead arranger, on the financing of the development, construction, operation and maintenance of Burgan Cape Terminal bulk fuel storage facility in Cape Town, South Africa.*
- Standard Bank on a USD 40 million, ECA backed facility for RRL Grinrod to finance the supply of ore wagons to AML.*
- Standard Bank on a USD 90 million loan facility for African Minerals Limited to finance the purchase and supply of ore wagons and other mining equipment for the Tonkolili Iron Ore project in Sierra Leone.*
- Standard Bank on a limited recourse credit facility for Ndola Lime Company Limited, Zambia to support the development and modernisation of its production facilities.*
- Standard Bank on a limited recourse facility for Maputo Ports Dredging Company (EDPM) to finance the dredging of the Maputo Port.*
- Standard Bank on its participation in a USD 261 million Export Credit Insurance Corporation of South Africa backed facility for Eurochem from syndicate of commercial lenders to finance the construction of a mine.
Awards
- Chambers Global ranked Allen in Band 4 for his work in Projects & Energy in South Africa (2026).
- IFLR1000’s Financial and Corporate Guide has rated Allen as a Highly Regarded lawyer for his work in Project Finance for two consecutive years (2024-2025).
- IFLR1000’s Financial and Corporate Guide has rated Allen as a Highly Regarded lawyer for his work in Project Finance for two consecutive years (2024-2025).
‘Allen Leuta is a solid pair of hands and goes above and beyond to render excellent, commercially relevant and innovative solutions to complex problems on project finance transactions.’ – Chambers Global, 2026
‘Allen is dedicated, diligent, hard working, patient, and has a great understanding of our industry.’ – Chambers Global, 2026
‘Allen Leuta stands out in that he is able to mitigate legal risks but also has a strategic mind to problem solving. He is very commercial and has the ability to manage difficult clients or peers.’– Legal 500, 2025
‘Allen Leuta is a solid, intelligent, innovative and wise lawyer. He understands the mind of lenders and brings all this experience to the fore when providing advice.’– Legal 500, 2025
Keep up to date on the latest news
Our specialist practitioners share their knowledge and insights into a range of legal issues through various public speaking engagements, publications and media interactions. Subscribe to our legal updates to keep abreast of new developments.