• Chariot reached financial close on two wind projects totaling 190 MW in South Africa.
• The projects are backed by a 20-year power purchase agreement with Etana Energy.
• They reflect growing momentum for private renewable power in South Africa.

Chariot Limited said on December 15, that financial close has been reached for two large-scale wind power projects in South Africa in which it is involved. The projects are the 100 MW Zen wind farm and the 94 MW Bergriver wind farm, both located in the Western Cape province, with a combined export capacity of 190 MW.

The projects are jointly owned by Acciona Energía, the majority shareholder with a 51% stake, H1 Holdings with 25%, and Chariot Generation and Trading with 24%. Chariot Generation and Trading is a subsidiary of Chariot Limited.

All electricity generated will be sold under a 20-year power purchase agreement signed with Etana Energy, a South African electricity trading platform in which Chariot Generation and Trading holds an economic interest. According to Chariot, once operational by mid-2027, the two wind farms are expected to avoid around 600,000 tons of CO₂ emissions per year.

The achievement of financial close comes amid a broader expansion of independent power producers in South Africa, driven by the gradual opening of the electricity market and the development of wheeling arrangements on the national grid. Wheeling allows private generators to sell power directly to commercial and industrial customers using existing transmission infrastructure.

The wind projects developed by Chariot, Acciona Energía, and their partners are expected to strengthen the supply of renewable electricity for South African industrial users, helping them secure more reliable power while supporting sustainability objectives.

Abdoullah Diop