We are a homegrown Dubai company – one of the youngest and most dynamic markets for renewable energy developments. With our headquarters based in the UAE, we are in a good place to capitalize on the region’s abundance of PV solar opportunities while playing a pivotal role in accelerating solar deployment in other growth markets.
Many of these key markets are in Middle East, North Africa and Central Asia (MENA 'plus') and sub-Saharan Africa, all growing economies seeking to diversify their energy mix supply.
In Africa, we have opened a satellite office in Nigeria, the continent’s largest economy, to be closer to the areas we are active in. We have also built strong ties ‘on the ground’ across this region, forging a reliable network of over 14 trusted partners to draw specialist local expertise from.
In MENA plus and sub-Saharan Africa, we have a portfolio of over 1.5 GW under development or at the planning stage.
In Dubai, UAE, we are delivering the DP World Solar Power Programme, largest distributed solar project in the Middle East under the recently launched "Shams Dubai" net-metering initiative.
Our pipeline on the African continent exceeds 600 MW, and we are planning to deploy 150 to 200 MW per annum over the next three years.
In Nigeria, our utility-scale project portfolio totals 227.5 MW across the Sokoto, Jigawa and Kebbi states. The first, in Sokoto, is targeted for financial close in 2018. It is one of the first 14 projects awarded a PPA by the Nigerian Government.
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.
in reduced energy bills
of carbon savings
over the next 25 years
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.
-- Tammy W., tenant