Our development activities are targeted at proprietary project portfolios in Middle East, Africa, and Latin America growth markets that are suitable for the realisation of an Independent Power Producers (IPP) strategy. We favor a Distributed Solar approach.
Our professionals are also experienced in engineering alternative capital structures in markets that do not have easy access to conventional project finance.
This development strategy is complemented from the capital market side, which entails an emphasis on monetization options that support the build-up of IPP portfolios, such as asset securitisation or the issuing of Islamic Green Bonds.
We identify and secure suitable Distributed Solar projects in sun abundant geographies with supportive regulatory regimes.
We work with selected local developers (taking proprietary risk in late development stage) and commercial and/or residential rooftop owners to secure long term Power Purchase Agreements (PPAs), merchant power opportunities or tariff incentives with reputable and credit worthy off-takers.
We prefer markets that support project economics not reliant on government support mechanisms.show me more
Our technical and commercial teams optimise the design and the equipment selection with life-of-plant warranties in place. We also select a contractor of choice for the construction of solar PV plants to facilitate attractive financing.
Tight construction supervision combined with fixed-price, time limited, turnkey EPC contracts guarantees timely completion of the PV plants.
Access to capital markets for equity funding sources and to banks for project debt financing.show me more
We outsource the day-to-day running of the solar PV plants to experienced and financially strong Operations and Maintenance (O&M) providers, guaranteeing plant availability and plant performance.
Risk management through pro-active issue resolution whilst ensuring compliance with loan covenants.
We have an established client base for exit opportunities with institutional investors seeking PV Solar projects with attractive risk adjusted returns to increase their alternative asset class exposure.
Strategy to operate Independent Power Producing (IPP) portfolios in selected markets.show me more
Phanes Group pursues a distinct focus on the Middle East & Africa and Latin America Markets, where our business model has the most potential for economic and social impact.
Landmark emerging markets projects provide proof-of-concept for Phanes Group's holistic approach to solar - that combining financing & engineering expertise is the key to making a project investable, and that tight coordination across the project value chain gives the agility and speed necessary to adapt to markets where the path has not yet been set.
From offices in Dubai, Switzerland, and South Africa, Phanes Group now maintains a portfolio spanning five geographies worldwide including Chile, the Dominican Republic, the GCC, and Sub-Saharan Africa, with over 70 megawatts in executed solar-capacity and a further gigawatt under development.
Key projects include the Caribbean's largest solar PV project, as well as the largest distributed solar project in the Middle East.
Monte Plata, Dominican Republic
Phanes Group believes in Distributed Solar (generating energy close to the lcoation of use; e.g. rooftops), as a source of electricity that offers distinct infrastructural and financing advantages:
We understand Distributed Solar, and know how to make it work in challenging emerging-market environments:
DP World, United Arab Emirates
UK Housing Association Portfolio
Launched in 2016, Oryx Solar System Solutions LLC brings together an experienced international team of engineering, design, construction, and project management experts for the construction and execution of distributed solar projects.
Phanes Group has inaugurated in 2016 a dedicated Regional Headquarters in South Africa - its first satellite office worldwide.
Phanes Group's team are qualified in engineering, economics, and finance - all with extensive renewable energy experience across the continent and a breadth of capabilities including:
From its Dubai and South Africa offices, Phanes Group is currently developing a pipeline of over 600 MW in Africa, consisting of key projects each representing "cornerstones" to their respective countries' renewables development.