Phanes Group is an international solar developer, investment and asset manager, strategically headquartered in Dubai, UAE.
Our end-to-end business model brings together fully-fledged in-house capabilities, including expertise in project development, structured finance, capital markets, and legal and regulatory affairs. Lean and agile, our structure enables us to deliver utility-scale, distributed, and off-grid PV solar projects.
We take a holistic approach to solar energy to deliver across the entire value chain - from the selection and development of projects, to financing, construction, and O&M.
Our main focus is on Middle East, North Africa and Central Asia (MENA 'plus') and sub-Saharan Africa where our business model is best suited to create opportunities and unlock social and economic potential.
In sub-Saharan Africa, the most impactful energy developments integrate reliable on-grid projects with off-grid initiatives that supply clean and affordable energy to rural locations.
We created our ‘hub and spoke’ model to meet the requirements of new markets where the demand for energy exceeds the reach of infrastructure. Our approach combines utility-scale with off-grid projects to ensure more communities across the region have access to a stable and clean energy supply.
In Greek mythology the name Phanes refers to Apollo-Phaneos, the deity of light. It is also a group of early coins that were made of "electrum", a material that could not be debased and was famous for its superior stability in value, even higher than that of gold.
These two connotations represent the essence of the Phanes Group. With our distinct focus on developing renewables and specifically solar investments, we want to create superior assets that generate stable and predictable long-term yields for our partners and us.
of executed solar plant capacity across 23 projects in six countries
pipeline – under development or at the planning stage
in our HQ in Dubai, UAE
Our team brings expertise in project development, and is involved throughout the entire project lifecycle.
We combine strong competencies in engineering, project management and project finance, all underpinned by extensive experience across growth and mature markets.
We deliver at every step:
Oryx Solar System Solutions LLC, our specialist asset construction company, brings international expertise in engineering, design and onsite implementation.
The division overlooks the entire Engineering, Procurement, and Construction Management (EPCM) process from inception to completion, for our all of our projects. This includes selection of and managing contractors, consultants as well as electrical and mechanical design activities, while also carrying out provisional and final acceptance inspections to guarantee the delivery of projects according to the highest international standards.show me more
Our capital markets and structured finance expertise enables us to meet the funding requirements needed to drive a project from its initial stage to successful commercial close.
To do so, we invest in our solar projects, raise equity, and arrange for debt at every stage. A solid track record of delivering stable, long-term yields demonstrates our high level of knowledge in solar project financing.