Anthem (energy company)

Anthem was founded in October 2025, through the merger of two renewable energy companies - African Clean Energy Developments (ACED), a renewables development and delivery platform, and Environmental Impact Management Services (EIMS), a green energy asset manager. Before the merger, both companies were part of financial institution Old Mutual's R30 billion IDEAS Fund, which is managed by the company's African Infrastructure Investment Managers. In December 2025, Anthem and major financial institution RMB closed an R8.5 billion facility. The funding would enable the issuance of performance bonds, equity guarantees, and cash draws for underlying projects, bridging, or acquisitions, thereby playing a major role in unlocking Anthem's development pipeline. The facility's accordion feature also allows for future upsizing of the financing beyond the original total. In February 2026, Norwegian renewable energy fund manager Norfund was given permission by South Africa's Competition Commission to acquire a shareholding in Anthem. The deal was worth R1.4 billion, most of which was derived from Norfund's Climate Investment Fund, with the rest coming from a joint investment company, which is 51% owned by Norway's largest pension fund company, KLP, and 49% owned by Norfund. Around the same time, the Competition Commission also approved Mahlako Energy Fund's acquisition of a shareholding in Anthem. == Operations ==

As of March 2026, Anthem has a total of 17 operational projects across South Africa and Eswatini, with a total capacity of 1.1 GW. These include seven wind power facilities, 11 solar energy facilities, and one hydro power plant. At the same time, Anthem had another 435 MW of total renewable capacity in construction, and a further 1.2 GW of capacity in financial close. The table below contains all of Anthem's operational power projects. One of Anthem's projects, Castle Wind Farm, is South Africa's largest operational private-offtake wind farm. It was developed in partnership with the project's offtaker, South African mining company Sibanye-Stillwater. == Corporate social responsibility ==

Over the period 2014 through 2026, Anthem's projects offset 11.3 million tons of CO2. Over the same period, the company also invested over R600 million in socio-economic and enterprise development initiatives, which supported around 1,200 SMMEs across various communities where Anthem operates. == See also ==