Chaba Winds of Change Community Trust #45977

Created at
2024-08-31
Last update
2024-09-03

0 Parents (Involvements as child)

1 Children (Involvements as parent)

ID
45975
Name
InnoWind Pty Ltd
Country of registration/origin
South Africa
Classification
Private company
Relationship
Subsidiary company
Investment type
Shares/Equity
Ownership share
26.00 %
Comment
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​.