• Anthem launches with 2.7 GW renewable energy portfolio in SA

• Platform merges ACED, EIMS Africa under IDEAS fund

• Targets coal shift; 11.3M tons CO₂ avoided since 2014

Anthem, a new independent renewable power platform, officially launched on Monday, September 22, 2025, consolidating African Clean Energy Developments (ACED) and EIMS Africa. The company operates under the IDEAS fund, managed by AIIM, with co-investments from the Mahlako Energy Fund and Norfund. The new entity aims to become an integrated player in South Africa’s energy transition.

Anthem debuts with a secured portfolio exceeding 2.7 GW, accounting for approximately 15% of the national market. The portfolio includes 17 operational projects totaling 1.1 GW, four projects under construction at 445 MW, and three more at financial close totaling 1.2 GW. The platform supplies electricity to Eskom, the national power utility, and to large industrial clients. It also provides operations and maintenance services for nearly 500 MW of solar capacity.

According to Sean Friend, AIIM’s Investment Director for the Southern African Development Community (SADC), "The investment opportunities presented by Anthem and its broad range of projects should not be underestimated." He added that a number of large-scale projects are already underway with many more in the pipeline, which will have a significant impact on the region’s energy landscape.

The launch comes as South Africa seeks to reduce its heavy reliance on coal. The government is pushing for a transition toward cleaner, more competitive energy sources and welcomes capital that can accelerate this shift.

Since 2014, the projects now consolidated under Anthem have prevented 11.3 million tons of carbon dioxide emissions and generated more than 600 million rand (about $34.6 million) in socioeconomic investments, supporting nearly 1,200 local small and medium-sized enterprises (SMEs). The projects currently generate over 2,400 GWh annually, with an additional 1,350 GWh expected to come online in 2026.

Abdoullah Diop