phanes group

Phanes Group is an international solar developer, investment and asset manager, strategically headquartered in Dubai, UAE, and operating across Africa, the Middle East, Central Asia and the Commonwealth Independent States (CIS). 

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 solar PV projects.

We take a holistic approach to solar, uniting the competencies and expertise necessary to oversee and deliver the entire solar project value chain.

From project selection and development, to construction and financing, to asset management and monetization, we unlock value through our integrated approach.

The company is currently delivering the Middle East’s largest distributed solar project (the DP World Solar Power Programme) and has delivered Phase I of the largest solar project in the Caribbean (Monte Plata). It is approaching financial close on a 47 MW project in Malawi and has begun development on a pipeline of 400 MW across three countries in Central Asia.

To date, Phanes Group’s global clean power contribution is in excess of  100 MW, with a further 2.5 GW under development or at the planning stage globally. 

The name Phanes

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


2,5 GW

pipeline – under development or at the planning stage

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full-time employees

in our HQ in Dubai, UAE

Our solar end-to-end approach

Project Development Expertise

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:

  • Site identification and land assessment
  • Country regulatory framework assessment and market analysis
  • Initial system layout,site visit
  • Solar resource estimation and energy yield simulation
  • CAPEX & OPEX evaluation and preliminary financial modelling
  • Technical studies
  • Management of Environmental & Social Impact Assessment (ESIA)
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In-house Asset Construction Capabilities

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.

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Finance Expertise

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.

  • 215 MW of utility scale and distributed PV solar power financed globally
  • Over $300 million (USD) of debt and equity financing secured for power plants
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