Phanes Group, an integrated end-to-end solar provider headquartered in Dubai, has launched its first Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing access to funding, and commercial and technical knowledge. The initiative, ‘The PV Solar Incubator, Your Project, Our Expertise, For a Sustainable Future,’ will be held in partnership with Hogan Lovells, Proparco, responsAbility, RINA Consulting and Solarplaza, and invites PV developers to submit proposals for projects that are based in sub-Saharan Africa, and have a clear CSR (Corporate Social Responsibility) component.Read more
Sep 6 2017
meteocontrol GmbH, a leading provider of independent photovoltaic monitoring systems, is the monitoring partner for Phanes Group who is currently delivering Phase I of Dubai’s largest distributed solar industrial rooftop project for the international port operator DP World.Read more
Aug 2 2017
On the eve of Eid al Fitr, Phanes Group has donated bags of food to two communities in Nigeria. The end-to-end solar developer and asset manager sent rice and cooking oil to villages in Sokoto and Kebbi states - where the company is currently developing large projects - in time for the celebratory close to Ramadan. The donations were distributed to the communities in the presence of the District Head of Yabo, Alhaji Mohammed Lauya and, representing the State Government, the Director General (DG) of Sokoto State Urban and Regional Development Agency, Alhaji Sani Daudu, and the District Head of Yamama in Kebbi State, Alhaji Ahmad Fodio (Sarkin Kabi Kardi), as well as a number of other dignitaries.Read more
Jun 24 2017
Dubai-based international solar developer’s 100 MW Sokoto project builds on Nigeria’s recently signed PPA initiative. Phanes Group is currently working to deploy two additional grid-connected 100 MW projects by 2019.Read more
Nov 3 2016
Phanes Group’s rooftop solar specialist firm Green Energy Tomorrow, has officially started construction work on the DP World Solar Project in Dubai, United Arab Emirates (UAE). Once phase one is complete, its 88,000 rooftop solar panels will make it the largest rooftop solar project in the Middle East, producing enough clean power for 3,000 homes.Read more
Oct 6 2016
International solar energy developer, investment manager and asset manager Phanes Group has launched an office in Johannesburg, South Africa – its first African office. The office will act as a hub for the firm’s activities both in South Africa and across Sub-Saharan Africa. Currently, Phanes Group’s pipeline on the African continent exceeds 650 megawatts, including a 150 megawatt project under development in South Africa.Read more
Jun 7 2016
Green Energy Tomorrow, the regionally focused rooftop solar specialist launched by Phanes Group – has signed an agreement with DP World to deliver the first phase of the largest rooftop solar project in the Middle East. Green Energy Tomorrow secured the rooftop project following a competitive tender process.Read more
Apr 17 2016
Monte Plata, a 33.4 megawatt (MW) photovoltaic solar array located on the Dominic Republic was officially inaugurated today in the presence of the President of the Dominican Republic, Danilo Medina. The project is the largest in the Caribbean and was designed and deployed by Phanes Group, the international solar developer, asset manager and investment manager headquartered in Dubai together with its partners General Energy Solutions (GES) and Soventix. Monte Plata will deliver more than 50,000 megawatt hours (MWh) of clean energy to the country’s grid annually.Read more
Mar 29 2016
Phanes Group, the international solar developer, asset manager and investment manager headquartered in Dubai, has launched a full service solar entity. Green Energy Tomorrow, will specialize in rooftop solar (distributed) and smaller-scale ground mounted solar systems in the United Arab Emirates and the GCC region. Green Energy Tomorrow is wholly owned by Phanes Group and its shareholders General Energy Solutions (GES) and Neo Solar Power (NSP) both from Taiwan – combining the extensive deployment, investment and financing expertise of Phanes Group, with the technology of its partners GES and NSP to scale up solar GCC.Read more
Mar 6 2016
Dubai - UAE, February 14 2016: Phanes Group, an international solar developer, asset manager and investment manager headquartered in Dubai, expects to increase its global installed capacity of solar energy by 500 megawatts over the next two years, following General Energy Solutions’ (GES) acquisition of a 30 percent stake in the firm. Phanes Group has over 70 megawatts of photovoltaic solar energy installed in six geographies around the world, including the largest solar array in the Caribbean, Monte Plata in the Dominican Republic.
In addition to current projects in the United Kingdom and the Dominican Republic, Phanes Group’s two-year pipeline includes groundbreaking utility-scale distributed and ground mounted solar PV projects in the United Arab Emirates, Chile, and South Africa. Phanes Group’s projects are based on a range of investment models including wholly-owned solar installments that allow users to benefit from low cost energy whilst avoiding up-front capital or operational costs.
“The regional and global solar energy landscape is evolving, presenting clear opportunities for developers and investors that can create the right partnerships and offer innovative financing structures that support the rapid scale up of solar in the energy mix,” said Martin Haupts, Managing Director, Phanes Group.
“Phanes Group’s unique combination of deep engineering expertise, broad investment knowledge and a strategic central base in Dubai, positions us well to capitalize on the opportunities solar offers and play a key role in accelerating its deployment in markets across the world,” continued Haupts. “The GES investment and our robust project pipeline are a demonstration of our unique value proposition, engineered to facilitate the shift to centralized and decentralized solar in markets where it offers clear value.”
Established in 2012, Phanes Group has grown from an advisory-focused consultancy to an integrated solar developer, asset and investment manager with particular expertise in distributed solar energy. In the Dominican Republic, Phanes Group is involved in the 34 megawatt Monte Plata solar array that is successfully lifting the island nation out of fuel poverty. Phase two will start in April 2016 and once complete will increase the plant’s capacity to 67 megawatts. The company’s work in the United Kingdom includes work with three registered social landlords to deploy rooftop installations on individual rooftops across North East England and South West Wales. The clean energy produced will ease fuel poverty and save tenants an average of GBP 200 on electricity bills annually.
Recently, the government updated Dubai Plan 2021 and the Dubai Integrated Strategy 2030 that will see the emirate’s share of renewable energy sources increase to 7% by 2020 and 15% by 2030. It also follows the launch of ‘Shams Dubai’ in March 2015, an initiative implemented by the Dubai Electricity and Water Authority (DEWA) to regulate solar energy generation in buildings.
About Phanes Group
Phanes Group is an international solar energy developer, investment manager and asset manager strategically headquartered in Dubai, UAE. Established in 2012, Phanes Group has a growing portfolio of solar investments and developments that currently span six geographies globally, including Chile, United Kingdom, Dominican Republic, the United Arab Emirates and Sub-Saharan Africa. The group’s cumulative clean power contribution stands in excess of 70 megawatts, with a further 500MW under development or at the planning stage. The firm’s management team brings substantial experience in capital markets, photovoltaic solar project development, risk management, and asset construction. Phanes Group’s second office is located in Rotkreuz, Switzerland and focuses primarily on asset management.
For more info about Phanes Group, contact:
Associate Director, FleishmanHillard
00971 (0) 508049036
Chief Operating Officer, Phanes Group
00971 (0) 4 5587450
Feb 14 2016