Partnering to continue harnessing wind power for a greener future

NOA is a leading renewable energy independent power producer and aspirant energy trader owned by the Old Mutual Group through the Africa Infrastructure Investment Managers (AIIM) and the IDEAS Fund.

The project marks a significant step forward in South Africa’s renewable energy journey, supporting the country’s shift toward a more sustainable, secure, and affordable energy future. Seriti Green, a leading independent power producer (IPP), is driving this change by developing large-scale renewable projects that contribute directly to South Africa’s just energy transition.

Through our R2.5 billion financing, Seriti Green will deliver wind-generated electricity to NOA, a power trader that provides renewable power solutions to commercial and industrial clients across South Africa. The project will not only help businesses achieve their net zero and ESG goals but also promote energy resilience and long-term cost stability.

This transaction reflects Absa’s continued leadership in renewable energy finance and its ability to structure and fund innovative wheeled energy solutions that drive both economic growth and environmental sustainability. It demonstrates how collaboration and purposeful investment can accelerate South Africa’s transition to a low-carbon economy.