Connection

popular articles

The United Arab Emirates approves four renewable energy projects for 4.6 GW
Taiwan considers increasing its imports of American natural gas
France Unveils Its Multi-Year Strategy to Finance the Ecological Transition
Green light for Europe’s largest solar panel factory in Hambach
Baker Hughes and Woodside Energy announce partnership to develop small-scale decarbonisation technology

South Africa’s Ishwati Emoyeni wind project reaches financial close for 140MW

The Ishwati Emoyeni project, valued at ZAR4.9bn ($263mn), marks a first in South Africa with a power purchase agreement signed by licensed trader NOA Group and has now entered its construction phase.
  • [favorite_button]

Please share:

The 140-megawatt Ishwati Emoyeni wind farm has reached financial close and officially begun construction. The project, developed by African Clean Energy Developments (ACED), is co-financed by the IDEAS Fund managed by African Infrastructure Investment Managers (AIIM), alongside Reatile Group, with Standard Bank South Africa acting as the lead financial arranger.

A new model of power buyer

NOA Group Trading (NOA), a new South African entity authorised to buy and resell electricity since January 31, 2025, will act as the main offtaker for the energy produced. It is the country’s first large-scale project where a private energy trader, rather than a state utility or industrial buyer, signs a long-term power purchase agreement (PPA). NOA obtained its trading licence from the National Energy Regulator of South Africa (NERSA) shortly before the financial close.

The wind farm will consist of 32 Vestas turbines, each with a capacity of 4.5 megawatts, and is located adjacent to two other projects of similar size developed by the same consortium: Umsinde Emoyeni and Khangela Emoyeni. Power generation is expected to begin in 2026.

Structured and multi-party financing

The Ishwati Emoyeni project represents a total investment of ZAR4.9bn ($263mn). The financing was structured by Standard Bank South Africa, with ACED overseeing construction management. Energy Infrastructure Management Services (EIMS Africa) will provide operational management services. Legal and advisory firms including Werksmans Attorneys, DLA Piper, Capic and Lockton also contributed to the project’s financial close.

According to stakeholders, the project’s structure leverages NOA’s ability to aggregate electricity from wind, solar, and storage sources and deliver it through Eskom’s national grid to customers across various regions of the country. This introduces a new contractual framework in South Africa’s energy market.

Expanding project pipeline

This project brings the total capacity of projects under construction by ACED and EIMS Africa over the past two years to more than 600 megawatts. They also operate over one gigawatt of energy infrastructure developed under South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).

James Cumming, Chief Executive Officer of ACED, stated that the project highlights the growing role of long-term agreements with trading entities in bringing large-scale energy initiatives to fruition.

Register free of charge for uninterrupted access.

Publicite

Latest news

Tariff increases slow down energy projects in the United States
Velto Renewables and Q ENERGY launch 9 MWc solar park in partnership in Aude
ExxonMobil commits to unconventional resource development in Azerbaijan
Enlight secures $310mn to develop Spain’s largest hybrid power complex
France adjusts offshore wind contracts to avoid losses during negative pricing

Recently published in

Enlight secures $310mn to develop Spain’s largest hybrid power complex

Enlight has secured $310mn in financing to convert Gecama into a 554 MW wind-solar-storage hybrid plant, making it the largest installation of its kind in Spain.
France adjusts offshore wind contracts to avoid losses during negative pricing
The contracts for the offshore wind farms of Fécamp, Saint-Nazaire and Saint-Brieuc have been amended to allow production shutdowns when electricity prices fall below zero on the market.
en_1140290958540-3
France adjusts offshore wind contracts to avoid losses during negative pricing
The contracts for the offshore wind farms of Fécamp, Saint-Nazaire and Saint-Brieuc have been amended to allow production shutdowns when electricity prices fall below zero on the market.
en_1140290958540-3
AMEA Power commissions Africa’s largest wind power plant in Egypt
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
en_1140290950540-2
AMEA Power commissions Africa’s largest wind power plant in Egypt
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
en_1140290950540-2
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540

Aker Solutions secures 2 GW contract for BalWin2 in Germany

Aker Solutions will deliver the steel structure for an HVDC converter station for the offshore BalWin2 project developed by Amprion Offshore, under a contract valued at up to NOK2.5bn ($228mn).
CIP sells 25% stake in offshore wind project in the Philippines to ACEN
Copenhagen Infrastructure Partners sells a minority stake in its 1 GW project to ACEN to accelerate its development ahead of upcoming energy auctions planned by the Philippine government.
en_1140290947540-16
CIP sells 25% stake in offshore wind project in the Philippines to ACEN
Copenhagen Infrastructure Partners sells a minority stake in its 1 GW project to ACEN to accelerate its development ahead of upcoming energy auctions planned by the Philippine government.
en_1140290947540-16
Eolus raises SEK550mn in green bonds to refinance its debt
Swedish wind developer Eolus has issued senior secured green bonds worth SEK550mn ($51.5mn), enabling the full refinancing of its existing debt.
en_1140290943540-17
Eolus raises SEK550mn in green bonds to refinance its debt
Swedish wind developer Eolus has issued senior secured green bonds worth SEK550mn ($51.5mn), enabling the full refinancing of its existing debt.
en_1140290943540-17
ENERTRAG commissions six ENERCON E138 turbines in northern Germany
The Mattheshöhe wind farm, composed of six turbines with a unit capacity of 4.26 MW, has entered operation under ENERTRAG’s management in the Uckermark region.
en_1140290946540-14
ENERTRAG commissions six ENERCON E138 turbines in northern Germany
The Mattheshöhe wind farm, composed of six turbines with a unit capacity of 4.26 MW, has entered operation under ENERTRAG’s management in the Uckermark region.
en_1140290946540-14

VALOREM deploys 27 MW wind farm in Greece and plans 515 MW of new projects

French group VALOREM has inaugurated a 27 MW wind farm in Kozani and plans 515 MW of additional projects in Greece, reinforcing its investment strategy in the local market.
Enel acquires 285 MW of wind capacity in the US through asset swap
Enel Green Power North America will increase its consolidated renewable capacity in the US through a wind asset swap agreement with Gulf Pacific Power, for a net consideration of $50mn.
en_1140290946540-13
Enel acquires 285 MW of wind capacity in the US through asset swap
Enel Green Power North America will increase its consolidated renewable capacity in the US through a wind asset swap agreement with Gulf Pacific Power, for a net consideration of $50mn.
en_1140290946540-13
CETY signs $85mn acquisition offer in wind and solar sectors in Europe
Clean Energy Technologies announces a non-binding agreement with a European renewable energy developer, supported by a $4.4mn capital raise for a transaction estimated at $85mn.
en_1140290944540-13
CETY signs $85mn acquisition offer in wind and solar sectors in Europe
Clean Energy Technologies announces a non-binding agreement with a European renewable energy developer, supported by a $4.4mn capital raise for a transaction estimated at $85mn.
en_1140290944540-13
Dogger Bank C HVDC offshore platform installed, completing all three substations
Dogger Bank Wind Farm has completed the installation of its third offshore HVDC converter platform, marking a major step in the development of the world’s largest offshore wind farm under construction.
en_1140290956540-13
Dogger Bank C HVDC offshore platform installed, completing all three substations
Dogger Bank Wind Farm has completed the installation of its third offshore HVDC converter platform, marking a major step in the development of the world’s largest offshore wind farm under construction.
en_1140290956540-13

Ørsted completes installation of 24 foundations at Greater Changhua 2b wind farm

Danish company Ørsted completed ahead of schedule the installation of 24 subsea foundations off Taiwan’s coast for its offshore wind farm Greater Changhua 2b, using a non-piling technology.
Japan: New Measures to Revive Offshore Wind Following Costly Delays
Facing rising costs and industry hesitation, Tokyo is considering major regulatory adjustments to boost its ambitious offshore wind program, crucial for the country’s energy diversification.
en_1140290958540-13
Japan: New Measures to Revive Offshore Wind Following Costly Delays
Facing rising costs and industry hesitation, Tokyo is considering major regulatory adjustments to boost its ambitious offshore wind program, crucial for the country’s energy diversification.
en_1140290958540-13
Galileo and Hope secure environmental approval for 1.1-GW floating wind project in the Adriatic Sea
Italy's Ministry of the Environment has approved the environmental impact assessment for the Barium Bay project, clearing the way for its participation in a 3.8-GW offshore tender.
en_1140290977540-4
Galileo and Hope secure environmental approval for 1.1-GW floating wind project in the Adriatic Sea
Italy's Ministry of the Environment has approved the environmental impact assessment for the Barium Bay project, clearing the way for its participation in a 3.8-GW offshore tender.
en_1140290977540-4
VALOREM launches citizen fundraising for €300mn wind farm in Finland
French group VALOREM is launching a crowdlending campaign in Finland to finance early-stage development of a large-scale wind project in the municipality of Kiuruvesi.
en_1140290955540-11
VALOREM launches citizen fundraising for €300mn wind farm in Finland
French group VALOREM is launching a crowdlending campaign in Finland to finance early-stage development of a large-scale wind project in the municipality of Kiuruvesi.
en_1140290955540-11

Trump authorises resumption of Empire Wind offshore project near New York

After being suspended in April, the Trump administration lifted the freeze on Equinor’s offshore Empire Wind project, reviving a $2.5bn construction site expected to power 500,000 homes.
First test of ENERCON’s E-175 EP5 E2 turbine in Germany
ENERCON’s E-175 EP5 E2 prototype fed electricity into the grid for the first time this week. The model is positioned as the new flagship in the German manufacturer’s onshore turbine range.
en_1140290966540-2
First test of ENERCON’s E-175 EP5 E2 turbine in Germany
ENERCON’s E-175 EP5 E2 prototype fed electricity into the grid for the first time this week. The model is positioned as the new flagship in the German manufacturer’s onshore turbine range.
en_1140290966540-2
Norway to award up to 500 MW of floating wind with direct subsidies
Norway has launched a floating wind tender at Utsira Nord, including a subsidy cap of NOK35bn ($3.37bn) despite economic pressures hampering the sector.
en_1140290980540-3
Norway to award up to 500 MW of floating wind with direct subsidies
Norway has launched a floating wind tender at Utsira Nord, including a subsidy cap of NOK35bn ($3.37bn) despite economic pressures hampering the sector.
en_1140290980540-3
$960mn in funding secured for Des Neiges wind project in Québec
BVH1 s.e.n.c., a partnership between Boralex, Énergir and Hydro-Québec, has secured funding for a 400 MW wind project under construction on private land in the Seigneurie de Beaupré.
en_1140290949540-9
$960mn in funding secured for Des Neiges wind project in Québec
BVH1 s.e.n.c., a partnership between Boralex, Énergir and Hydro-Québec, has secured funding for a 400 MW wind project under construction on private land in the Seigneurie de Beaupré.
en_1140290949540-9

Boralex Reports $41 Million Profit Despite Lower Energy Production

Boralex announces quarterly net earnings of CAD 41 million, marked by a 4% decrease in energy production, despite successfully commissioning its first wind farm in the United Kingdom.
Greencoat Renewables sells 116 MW Irish wind portfolio for €156mn
Greencoat Renewables sold five onshore wind farms in Ireland to HitecVision for €156mn, enabling the creation of a new joint energy platform focused on the growth of mid-life renewable assets.
en_1140290946540-7
Greencoat Renewables sells 116 MW Irish wind portfolio for €156mn
Greencoat Renewables sold five onshore wind farms in Ireland to HitecVision for €156mn, enabling the creation of a new joint energy platform focused on the growth of mid-life renewable assets.
en_1140290946540-7
Masdar signs agreement with Samruk-Kazyna for renewable energy projects in Kazakhstan
Masdar and Samruk-Kazyna are collaborating to develop renewable energy and storage projects in Kazakhstan, targeting 500 MW of baseload energy and up to 2 GW of storage capacity.
en_1140290943540-16
Masdar signs agreement with Samruk-Kazyna for renewable energy projects in Kazakhstan
Masdar and Samruk-Kazyna are collaborating to develop renewable energy and storage projects in Kazakhstan, targeting 500 MW of baseload energy and up to 2 GW of storage capacity.
en_1140290943540-16
Eurus Energy begins construction of Hajang 5 wind farm at 1,080 metres altitude
Japanese group Eurus Energy has launched the construction of a 13.5 MW onshore wind farm in the Gangwon mountains, with commercial operations scheduled to start in November 2026.
en_1140290962540-3
Eurus Energy begins construction of Hajang 5 wind farm at 1,080 metres altitude
Japanese group Eurus Energy has launched the construction of a 13.5 MW onshore wind farm in the Gangwon mountains, with commercial operations scheduled to start in November 2026.
en_1140290962540-3

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS