African Clean Energy Developments (ACED), Energy Infrastructure Management Services (EIMS Africa), and NOA Group Trading (NOA) have reached financial close and begun construction on the 140MW Ishwati Emoyeni Wind Farm, with NOA as the offtaker.
ACED led, co-sponsored, and developed the project, with the African Infrastructure Investment Managers (AIIM)-managed IDEAS Fund and Reatile as shareholders. The IDEAS Fund is one of South Africa’s largest domestic infrastructure equity funds. Standard Bank South Africa acted as lead arranger.
NOA received its trading licence from the National Energy Regulator of South Africa (NERSA) on 31 January 2025, allowing it to purchase all the renewable energy generated by the wind farm.
The R4.9 billion Ishwati Emoyeni Wind Farm will start generating electricity in 2026. The project features 32 Vestas 4.5MW wind turbines and is located adjacent to the consortium’s other two wind farms of the same capacity, Umsinde Emoyeni and Khangela Emoyeni.
