African Clean Energy Developments (ACED)

African Clean Energy Developments (Pty) Ltd (“ACED”) is a South African registered company, headquartered in Cape Town, dedicated to the development and delivery of renewable energy projects in Southern Africa. ACED has been in operation since 2008 and is at the forefront of renewable energy project development in South Africa and the SADC region. The ACED team has successfully developed 2GW of renewable energy projects (either operating or under construction) in both the Department of Mineral Resources and Energy’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), consisting of 741MW Wind and 536MW Solar PV projects, and in the private Commercial and Industrial off-take market (C&I), in South Africa consisting of 600MW Wind and 27MW Solar PV projects; and our first in Eswatini consisting of a 13.5MW Hydroelectric project. ACED has secured grid connection for 475MW of Solar PV Projects in South Africa with a further 735MW of Wind in advanced stages of development and nearing deployment readiness, as well as a 20MW Solar PV Eswatini Project, heading towards financial close before the end of 2025. This track record of installed capacity ranks ACED as the most successful renewable energy developer in the South African market to date and corresponds to the ACED team having played a key role in unlocking renewable energy developments with a capex value of over ZAR 48bil (US$ 2.6bil). ACED is 50% owned by the African Infrastructure Investment Managers (Pty) Ltd and 25% by the Infrastructural, Developmental and Environmental Assets Managed Fund (IDEAS) from Old Mutual Life Assurance Company (South Africa) Ltd, with the balance held by Management.