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Corporate News

  • Dominican Republic completes 33.4 MW PV plant in Monte Plata
    • A 33.4 MW solar plant was officially inaugurated in Monte Plata province of the Dominican Republic. Monte Plata Phase I solar array has been developed by the Dubai-based Phanes Group, Taiwanese NSP Group and German Soventix.

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    Mar 31 2016

  • Phanes Group Launches Green Energy Tomorrow
    • Phanes Group, an international solar PV developer, asset manager and investment manager, has launched a full service solar entity, the company announced on March 5th, 2016. Green Energy Tomorrow, will specialize in rooftop solar PV (distributed) and smaller-scale ground mounted solar PV systems in the United Arab Emirates and the GCC region.

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    Mar 7 2016

  • Phanes Group Launches Full-Service Solar Entity ‘Green Energy Tomorrow’
    • Phanes Group has launched Green Energy Tomorrow, a full-service solar entity specializing in rooftop solar opportunities, i.e. rooftop portfolios and smaller-scale ground mounted solar systems. Its initial geographic focus will be the United Arab Emirates (UAE) and Dubai in particular, but the company also sees a strong growth potential especially with regards to the wider GCC region and Sub-Saharan Africa. 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 in the region.

      www.greenenergytomorrow.com

      phanes

    Mar 7 2016

  • Phanes Group to Expand Solar Pipeline to 500 MW
    • Dubai-based solar company is targeting the addition of 500 MW of solar PV by 2018 across numerous regions globally; General Energy Solutions' 30% acquisition delivers ambitious boon for the company.

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    Feb 16 2016

  • Annual "State of Green Economy" report by Dubai Carbon
    • Dubai Carbon and the United Nations Development Programme have issued the latest edition of their annual "State of Green Economy Report". Read an excerpt of the article "Supply and Demand Go Hand-in-Hand: How the Private Sector Can Assist Dubai in Achieving its Renewable-Energy Targets", in which Phanes Group Managing Director, Martin Haupts is quoted.

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    Dec 7 2015

  • Bank Financing Falls Short of UAE's Green Economy
    • Phanes Group's Managing Director, Martin Haupts, has been quoted in The National, in today's article: "Bank Financing Falls Short of UAE's Green Economy".

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    May 31 2015

  • National Round Table on Financing & Investing in the Green Economy
    • The National Round Table on Financing & Investing in the Green Economy was held in Dubai, gathering financial institutions and regulators as well as Green Economy policy makers and businesses from across the UAE. The aim was to initiate dialogue on motivating the finance sector to become actively involved in the transition to a greener, more sustainable economy in the UAE and globally. Martin Haupts, Managing Director of Dubai-based Phanes Group, was one of the panelists discussing the financing of low carbon opportunities. He sees huge potential in this field, especially in the range of $15m to $50m sukuk: “The green initiatives offer long-term stable revenues over 15 to 20 years. Islamic finance with securitization is a great option where conventional financing is not ready for the risk.” The conference was co-hosted by the UAE Ministry of Environment and Water and the United Nations Environment Programme Finance Initiative (UNEP FI) and was attended by 300 participants. It forms part of the UAE preparations – in collaboration with UNEP – for hosting the 2016 UNEP FI Global Roundtable on Sustainable Finance under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Crowne Prince of Dubai.

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    May 25 2015

  • World Future Energy Summit: Financing Sustainable Energy Solutions in MENA
    • Phanes Group’s Managing Director Martin Haupts described ways to refinance renewable energy assets in the Mena region, giving previous case studies from Phanes Group in the context of recent market developments during World Future Energy Summit (WFES) in Abu Dhabi. He was part of a panel discussion about Green Sukuks (Islamic Bonds) and Financing Sustainable Energy Solutions in Mena organized by the Clean Energy Business Council. The interactive seminar addressed sustainable energy financing in the region, and also discussed new ways of thinking about finance and capital for renewable energy projects. The financing of renewable energy projects is seen as an issue because banks are often nervous about funding such initiatives. It has resulted in organizations seeking more innovative ways to fund renewable energy developments. The Clean Energy Business Council has been working with Dubai Ministries to promote a green sukuk as a new way of financing clean energy projects. WFES is the Middle East’s largest gathering on future energy and attracted up to 30,000 delegates from 170 different countries.

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    Jan 20 2015

  • Solar Energy Investment and Development Conference (SEIDC) in Cairo
    • Phanes’ Managing Director Martin Haupts spoke at the SEIDC conference in Cairo alongside Philip ter Wort, Egypt Director of European Bank for Reconstruction and Development (EBRD) on mitigating investment risks and attracting FDI for the Egyptian solar market. In this panel discussion, the speakers specifically addressed how to identify key investor priorities and requirements. They also assessed fiscal incentives in place to attract investors and further requirements for the solar industry. SEIDC is the first conference dedicated to the solar energy industry in Egypt and was held alongside the 24th International Power, Energy and Security Forum. It aims to be a networking platform for the industry in Egypt in order to discuss and learn about shaping policy and exchange knowledge about the market, finance and investment possibilities.

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    Dec 4 2014

  • Phanes Supports GES
    • Phanes supports GES in a £18m solar deal to benefit up to 4,500 Manchester homes. Up to 4,500 social homes in Manchester will be fitted with solar panels after a housing association agreed an £18m deal.

    Aug 5 2014