African Clean Energy Developments (Pty) Ltd (“ACED”) is a South African registered company dedicated to the development of renewable energy projects in southern Africa. The business headquartered in Cape Town, has been in operation since 2008 and is at the forefront of the industry in South Africa. The ACED team has successfully developed 1.4GW of renewable energy projects (either operating or under construction) in the Department of Mineral Resources and Energy’s Renewable Energy Independent Power Producer Procurement Programme (“REIPPPP”), including 715MW wind and 473MW solar PV, and in the private Commercial and Industrial offtake market (“C&I”), including 30MW Solar PV and 158MW wind projects.

ACED has a further 4.5GW of wind projects and 4.5GW of solar PV projects in development in South Africa, and is currently in the process of financial close for an additional 470MW of wind and solar PV projects in the South African C&I market.

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 R30bil (US$1.75bil).

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.

Develop

ACED identifies the potential for high-quality renewable energy projects through sophisticated prospecting, securing land rights, and then developing projects into sustainable and bankable assets by way of optimising technical efficiency, conducting rigorous and competitive procurement processes and obtaining the environmental approvals and other permits required to construct the plant.

Close

One of ACED’s key differentiators as a developer is the track record it has shown in taking projects from early development to financial close and the commencement of construction in working with project sponsors and lenders in managing the finalisation of all funding, land, construction and off-take agreements and other development work streams.

Manage

ACED is able to offer project sponsors and lenders additional comfort and continuity when delivering a project by providing construction management services for the projects ACED develop or take to financial close. This entails overseeing the implementation of the construction contracts by the contractors and being responsible for managing finance, payments, stakeholder engagement and reporting on behalf of project owners.