The Local Community Trust Debt Fund (the Fund), managed by Infra Impact Investment Managers (IIIM), has partnered with H1 Holdings (H1) to conclude an equity funding transaction with H1 Roggeveld Wind (H1 Roggeveld), through which H1 holds its interest in the Roggeveld Wind Farm. Third Way Investment Partners (Third Way), an investor in the Fund, co-invested alongside the Fund in the transaction, which closed on 4 September 2026.
The transaction provides H1 Roggeveld with a long-dated equity funding solution for its investment in the Roggeveld Wind Farm. This broadens the Fund’s investment portfolio beyond refinancing Community Investment Vehicles (CIVs) to include Black-owned equity investors participating in South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The transaction aligns with the Fund’s mandate to support B-BBEE participants.
The investment builds on the Fund’s track record of refinancing legacy REIPPPP debt on more sustainable terms, following its earlier refinancing of community trust debt in the Northern Cape. It reflects the Fund’s broader mission to unlock capital tied up in high-cost legacy financing structures, helping ensure the benefits of South Africa’s REIPPPP reach Black-owned businesses and local communities sooner.
The Roggeveld Wind Farm is situated on the border of the Northern and Western Cape. Since coming into commercial operation in February 2022, it has supplied clean electricity to the national grid under a long-term power purchase agreement with Eskom. With an installed capacity of 147 MW, the project was designed to meet the electricity needs of approximately 49,200 households. In 2025 alone, the Roggeveld Wind Farm avoided approximately 517,445 tonnes of CO2 equivalent emissions, within an expected annual range of 500,000 to 550,000 tonnes.
Bulelwa Ntshingwa, Portfolio Manager at Infra Impact, commented on the transaction: “This transaction demonstrates the power of patient, purpose-built capital in advancing South Africa’s renewable energy sector. By funding H1 Roggeveld’s investment in the Roggeveld Wind Farm on more sustainable terms, the Fund is contributing to the Just Energy Transition (JET), which faces the challenge of balancing large-scale decarbonization with the reality of high national unemployment and complex socio-political dynamics. The Fund plays a key role in addressing a market gap in the REIPPPP, helping ensure communities remain engaged with and participate meaningfully in the JET.”
Fulufhelo Makwetla, Managing Director of Third Way Investment Partners, added: “Co-investing in this transaction reflects our alignment on the impact that additional capital from a Fund of Funds can have on collectively meeting our sustainable development goals. This collaboration is a testament to our confidence in both the Roggeveld asset and Infra Impact’s approach to structuring funding solutions that deliver real benefits to Black-owned independent power producers, investors, and CIVs.”
Greg Issac, Investment Principal and transaction lead at H1, added: “The Roggeveld equity transaction strengthens the long-term funding of our investment in the Roggeveld Wind Farm and provides additional capacity for H1’s continued investment across the energy transition in South Africa.”
The Roggeveld Wind Farm brings together technical and financial partners alongside Black-owned and community shareholders, including a dedicated community trust, underscoring the REIPPPP programme’s transformation objectives.
“The collaboration between H1, Infra Impact and Third Way reflects the role that long-term partnerships and fit-for-purpose capital can play in enabling continued and sustainable Black participation in the local renewable energy sector and in ultimately realising the goals of South Africa’s JET and the REIPPPP,” concludes Issac.
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About Infra Impact Investment Managers and the LCTDF
Infra Impact Investment Managers (IIIM) is a 100% Black-owned specialist infrastructure investment manager, founded in 2020 and based in Cape Town. IIIM manages the Local Community Trust Debt Fund (LCTDF), the first blended finance vehicle purpose-built to refinance Community Investment Vehicles, Black-owned investors and IPPs with operational REIPPPP projects, supported by first-loss grant funding from KfW Development Bank.
For further information, contact:
Bulelwa Ntshingwa, Portfolio Manager: LCTDF, Infra Impact Investment Managers
LCTDF@infraimpact.com
About Third Way Investment Partners
Third Way Investment Partners (“Third Way”) is an independent, Black-owned, multi-disciplinary investment management firm that manages a Fund-of-Funds platform. Third Way combines local expertise with international partnerships to unlock investment opportunities, focusing on long-term growth and capital preservation for its investors. Its Funds provide seamless diversified access to a rapidly growing infrastructure opportunity set. Third Way is a noteholder in the LCTDF and co-invested alongside the Fund in this transaction through its Infrastructure Fund II.
For further information, contact:
Fulufhelo Makwetla, Managing Director, Third Way Investment Partners
invest@thirdway.co.za
About H1 Holdings
H1 Holdings (Pty) Ltd is a 100% Black-owned and managed South African infrastructure investment and development company, founded in 2000 to improve quality of life through the decarbonisation of the energy system. H1 invests across generation, trading and storage, and builds assets and businesses over the long term, partnering with DFIs, financial institutions and long-dated capital providers.
