InnoWind Pty Ltd #45975

EDF Renewables (Pty) Ltd

Parent company

Chaba Winds of Change Community Trust

Parent company

The Chaba Winds of Change Community Trust plays a crucial role in the Chaba Wind Energy Project by holding a 26% ownership stake in the project. This stake ensures that a portion of the profits from the wind farm is directed towards the socio-economic development of the local communities within a 50 km radius of the project. The trust uses the funds it receives to support initiatives that enhance education, healthcare, infrastructure, and overall community well-being. The trust's involvement is part of a broader strategy to ensure that the benefits of the renewable energy project extend to historically disadvantaged communities​.

The Industrial Development Corporation (IDC)

Tertiary investor/lender

The Industrial Development Corporation (IDC) plays a supportive role in the Chaba Wind Energy Project by providing financial backing to facilitate community participation. Specifically, the IDC offered loans to the Chaba Winds of Change Community Trust, enabling the trust to acquire a 26% ownership stake in the project. This financial support from the IDC is crucial for ensuring that local communities benefit directly from the profits generated by the wind farm. The IDC's involvement aligns with its broader mandate to promote economic development and empower communities within South Africa.