Anthem (energy company)
South African independent renewable energy producer
From Wikipedia, the free encyclopedia
Anthem is a major South African renewable energy company, and an independent power producer (IPP). The company develops, finances, constructs, and operates utility-scale renewable energy projects in Southern Africa.[4]
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| |
| Industry | Renewable energy production |
|---|---|
| Predecessor | ACED and EIMS (pre-merger)[1] |
| Founded | 2025 |
| Headquarters | Cape Town, South Africa |
Number of locations | 17, with a further 7 in development (2026)[1] |
Area served | South Africa Eswatini |
Key people | James Cumming (CEO)[2] |
| Services | Renewable energy from wind, solar, and hydro facilities |
| Owner | Various, including Old Mutual (IDEAS Fund), Norfund, and Mahlako Energy Fund[3] |
Number of employees | ~ 100 (2026)[2] |
| Website | anthem |
Founded in 2025, and headquartered in Cape Town, Anthem is one of the country's largest and most diversified IPPs, with upwards of 15% of the total renewable production market share.[5]
As of March 2026, Anthem has 17 power projects in operation across South Africa and Eswatini, with a total capacity of 1.1 GW.[6] It has another 435 MW of renewable capacity in construction, and a further 1.2 GW of capacity in financial close, bringing its total secured capacity to 2.7 GW. Anthem has targeted a total capacity of 6 GW by 2030.[5]
History
Anthem was founded in October 2025, through the merger of two renewable energy companies - African Clean Energy Developments (ACED), a renewables development and delivery platform, and Environmental Impact Management Services (EIMS), a green energy asset manager.[1]
Before the merger, both companies were part of financial institution Old Mutual's R30 billion IDEAS Fund, which is managed by the company's African Infrastructure Investment Managers.[4]
In December 2025, Anthem and major financial institution RMB closed an R8.5 billion facility. The funding would enable the issuance of performance bonds, equity guarantees, and cash draws for underlying projects, bridging, or acquisitions, thereby playing a major role in unlocking Anthem's development pipeline. The facility's accordion feature also allows for future upsizing of the financing beyond the original total.[5]
In February 2026, Norwegian renewable energy fund manager Norfund was given permission by South Africa's Competition Commission to acquire a shareholding in Anthem. The deal was worth R1.4 billion, most of which was derived from Norfund's Climate Investment Fund, with the rest coming from a joint investment company, which is 51% owned by Norway's largest pension fund company, KLP, and 49% owned by Norfund. Around the same time, the Competition Commission also approved Mahlako Energy Fund's acquisition of a shareholding in Anthem.[4]
Operations
As of March 2026, Anthem has a total of 17 operational projects across South Africa and Eswatini, with a total capacity of 1.1 GW. These include seven wind power facilities, 11 solar energy facilities, and one hydro power plant. At the same time, Anthem had another 435 MW of total renewable capacity in construction, and a further 1.2 GW of capacity in financial close.[4] The table below contains all of Anthem's operational power projects.[6]
| Facility name | Type | Location |
|---|---|---|
| Lower Magaduza Hydro | Hydro | Eswatini |
| Greefspan Solar PV | Solar | Northern Cape |
| Waterloo Solar PV | Solar | North West |
| Vredendal Solar PV | Solar | Western Cape |
| Herbert Solar PV | Solar | Northern Cape |
| Aurora Solar PV | Solar | Western Cape |
| Zeerust Solar PV | Solar | North West |
| REISA Solar PV | Solar | Northern Cape |
| Matla A Bokone Solar PV | Solar | Northern Cape |
| De Wildt Solar PV | Solar | North West |
| Bokamoso Solar PV | Solar | North West |
| Boikanyo Solar PV | Solar | Northern Cape |
| Umsinde Emoyeni Wind Farm | Wind | Western Cape |
| Khangela Emoyeni Wind Farm | Wind | Western Cape |
| Ishwati Emoyeni Wind Farm | Wind | Western Cape |
| Msenge Emoyeni Wind Farm | Wind | Eastern Cape |
| Umoya Wind Energy Facility | Wind | Western Cape |
| Cookhouse Wind Farm | Wind | Eastern Cape |
| Castle Wind Farm | Wind | Northern Cape |
One of Anthem's projects, Castle Wind Farm, is South Africa's largest operational private-offtake wind farm. It was developed in partnership with the project's offtaker, South African mining company Sibanye-Stillwater.[1]
Corporate social responsibility
Over the period 2014 through 2026, Anthem's projects offset 11.3 million tons of CO2. Over the same period, the company also invested over R600 million in socio-economic and enterprise development initiatives, which supported around 1,200 SMMEs across various communities where Anthem operates.[1]