Phanes Group maintains a strategic focus on the African continent. We believe that solar energy represents a unique sustainable solution to the challenge of energy access – which remains a key barrier to many African country's economic and social development.
As the continent's energy landscape continues to develop, we believe that Phanes Group's holistic end-to-end approach to solar enables the agility and tight risk-management required for successful execution within transitional markets. Indeed, the Group's pipeline represents several "cornerstone" projects in their respective markets' renewables development.
In June 2016, the Group launched a dedicated Regional Headquarters in Johannesburg, South Africa – its first satellite office worldwide. As the company's activities continue to expand, Phanes is currently opening a third office in Abuja, Nigeria to support it West Africa initiatives.
In the context of the continent's surging fundamental demand for sustainable energy, substantial investment opportunities for renewables power generation continue to grow. With over 600 million people without access to modern energy, investment requirements are estimated to be between $60 and $90 billion annually to address the energy shortfall in Sub-Saharan Africa.
Phanes Group's portfolio of solar developments across Africa represent a particular opportunity, offering compelling risk adjusted returns for investors seeking access to an alternative asset class.
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:
rooftop installations
in reduced energy bills
of carbon savings
over the next 25 years
+ community
investment package
-- Tammy W., tenant
