Newly consolidated renewables major, Anthem, sets 6 GW goal for 2030

Two well-established South African renewables companies – African Clean Energy Developments and EIMS Africa – have officially combined to form a new large-scale independent power producer (IPP) known as Anthem. The consolidation also coincides with the introduction of new shareholders into the entity, which has historical ties to the Old Mutual-linked African Infrastructure Investment Managers’ (AIIM’s) IDEAS Fund, which remains the majority shareholder in Anthem.