NOA Secures 94 MW Wind Project Financing

Key Figures & Findings: NOA Group, a prominent South African renewable energy independent power producer and trader, has achieved financial close on its inaugural wholly owned large-scale wind energy project, the 94.5 MW Wind Garden plant near Makhanda in the Eastern Cape. The project's development is supported by Standard Bank, marking their second collaboration following the 140 MW Ishwati Emoyeni Wind Farm. The Wind Garden project comprises 21 Vestas turbines, each with a capacity of 4.5 MW, standing 112 meters tall with 75-meter-long blades, designed to deliver cost-effective and sustainable power to commercial and industrial customers.

Statistics & Insights: The Wind Garden facility is projected to generate approximately 287 GWh annually, offsetting over 304,000 tonnes of CO₂ emissions each year. This development aligns with South Africa's renewable energy market trajectory, which, according to GreenCape's 2025 Large-scale Renewable Energy Market Intelligence Report, is expected to more than double by 2030, reaching 32 GW, driven largely by private-sector demand and corporate sustainability goals.

Future Implications: The successful realization of the Wind Garden project could catalyze further private investments in South Africa's renewable energy sector, especially as the country shifts away from public procurement towards private offtaker agreements. This transition may enhance energy security and support economic growth, contributing to the nation's decarbonization ambitions.

Source: Engineering News