As South Africa accelerates its transition to renewable energy—with an estimated R150-billion investment pipeline across solar PV and wind projects by 2030—NOA Group has announced financial close on its first wholly owned large-scale wind energy project, the 94.5 MW Wind Garden, located near Makhanda in the Eastern Cape.
This project marks the second NOA development to be financed by Standard Bank, following the recent financial close of the 140 MW, R4.9 billion Ishwati Emoyeni Wind Farm.
“This milestone underscores both our commitment to NOA and our shared commitment to advancing South Africa’s energy transition.” said Nicholas Knott-Craig, Executive: Energy and Infrastructure Finance at Standard Bank.
“We are immensely proud to have partnered with NOA. This successful transaction demonstrates Standard Bank’s leadership in the renewable energy and aggregator space, and our unwavering commitment to supporting our clients.” said Vincenzia Leitch, Executive: Energy and Infrastructure Client Coverage at Standard Bank.
The project officially reached financial close, with construction commencing in early 2025. A formal ground-breaking ceremony held on 7 May 2025 brought together key partners and stakeholders to mark this significant milestone
“Wind Garden marks a major step in NOA Group’s expansion of its national footprint, designed to build a robust portfolio of renewable energy generation assets. Achieving these goals relies on strong financial partnerships, which are essential to unlocking private investment that supports both economic recovery and South Africa’s decarbonisation ambitions,” said Karel Cornelissen, CEO of NOA Group.
The facility will produce an estimated 287 GWh of clean power annually, offsetting over 304,000 tonnes of CO₂ each year. The project comprises 21 Vestas turbines—each with a capacity of 4.5 MW—standing 112 metres tall, with 75-metre blades.
As South Africa accelerates its transition to renewable energy—with an estimated R150-billion investment pipeline across solar PV and wind projects by 2030—NOA Group has announced financial close on its first wholly owned large-scale wind energy project, the 94.5 MW Wind Garden, located near Makhanda in the Eastern Cape.
This project marks the second NOA development to be financed by Standard Bank, following the recent financial close of the 140 MW, R4.9 billion Ishwati Emoyeni Wind Farm.
“This milestone underscores both our commitment to NOA and our shared commitment to advancing South Africa’s energy transition.” said Nicholas Knott-Craig, Executive: Energy and Infrastructure Finance at Standard Bank.
“We are immensely proud to have partnered with NOA. This successful transaction demonstrates Standard Bank’s leadership in the renewable energy and aggregator space, and our unwavering commitment to supporting our clients.” said Vincenzia Leitch, Executive: Energy and Infrastructure Client Coverage at Standard Bank.
The project officially reached financial close, with construction commencing in early 2025. A formal ground-breaking ceremony held on 7 May 2025 brought together key partners and stakeholders to mark this significant milestone
“Wind Garden marks a major step in NOA Group’s expansion of its national footprint, designed to build a robust portfolio of renewable energy generation assets. Achieving these goals relies on strong financial partnerships, which are essential to unlocking private investment that supports both economic recovery and South Africa’s decarbonisation ambitions,” said Karel Cornelissen, CEO of NOA Group.
The facility will produce an estimated 287 GWh of clean power annually, offsetting over 304,000 tonnes of CO₂ each year. The project comprises 21 Vestas turbines—each with a capacity of 4.5 MW—standing 112 metres tall, with 75-metre blades.