African Clean Energy Developments (ACED) has successfully brought to life 1.4 gigawatts (GW) of new renewable projects, with a combined investment exceeding R35 billion ($1.8 billion).
ACED, a prominent South African platform dedicated to renewable energy development and delivery, has been actively involved in the industry since 2008 and is a leader in the country’s renewable energy sector.
The company has completed over 700 megawatts (MW) of wind projects and 500 MW of solar projects through the Renewable Energy Independent Power Producer Procurement Programme under the Department of Mineral Resources and Energy. Additionally, ACED is currently constructing 170 MW of wind and 30 MW of solar projects for private clients.
ACED’s private projects have set industry standards, providing clients like Harmony Gold, Sibanye-Stillwater, and Sasol with cost-effective, emissions-free energy solutions. Another 470 MW of private projects are set to begin construction in the coming two quarters.
ACED is also actively developing more than 3.5 GW of wind projects and 4.5 GW of solar photovoltaic projects for both private clients and African governments, including South Africa, Eswatini, Namibia, and Malawi.
ACED is owned and funded by Old Mutual’s African Infrastructure Investment Managers and is part of a well-established and vertically integrated ecosystem of businesses within the group.
Among them, Energy Infrastructure Management Services Africa (EIMS) plays a significant role in asset management for ACED-developed projects, ensuring their optimal performance.