Phanes Group, an international solar energy developer, headquartered in Dubai, signed a Power Purchase Agreement (PPA) and Investment Agreement (IA) for a 200 MW ac grid-connected solar PV plant in Nurata, Navoi Region. The PPA and IA between Phanes Group and the Government of Uzbekistan includes the technical and commercial terms for building, owning and operating a 200 MW AC solar PV project including facilities connecting to Khimiya 220/110 kV Substation. The signing of the PPA with National Electric Grid of Uzbekistan, IA with the Ministry of Investment and Foreign Trade, with Phanes Group took place on 1 April 2021.Read more
Apr 6 2021
The COVID-19 pandemic has shown the urgency to ramp up energy access and to diversify the existing energy mix in many African countries. In sub-Saharan Africa, electricity access stands at just 43%, or roughly half the global access rate. While challenges remain, COVID-19 is also revealing the importance of increasing more affordable renewables within the energy mix. A recently announced USD67 million solar power project in Malawi, which is backed by an international consortium, is leading the charge.Read more
Nov 12 2020
Nkhotakota, Malawi – December 20th, 2019: One of Malawi’s first solar projects has reached financial close after attracting investment volume totaling $67 million USD. Initial site works have begun in Nkhotakota, and construction of the first phase is targeted for completion by March 2020. Once complete, the project will add 46 MW of clean energy to the local power supply.
One of Malawi’s first solar projects has reached financial close after attracting investment volume totaling $67 million USD. Initial site works have begun in Nkhotakota, and construction of the first phase is targeted for completion by March 2020. Once complete, the project will add 46 MW of clean energy to the local power supply.
Dec 19 2019
International evaluation panel selected winning project for commercial and technical support from global solar company
Phanes Group, an international end-to-end solar developer headquartered in Dubai, UAE, has announced Mr. Justin Nseya and his Congo Green Energy Project (2 x 50 MW) as the winner of the third edition of its Solar Incubator.Read more
Oct 17 2019
The 3rd Edition of the Phanes Group Solar Incubator kicks off on 31st July. Applications close on 4th September 2019.
Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, is once again on the hunt for promising solar photovoltaic (PV) projects to support in sub-Saharan Africa, as the company relaunches its Solar Incubator program. Now in its third consecutive year, the competition continues towards its goal of electrifying more communities for a sustainable future.
Jul 31 2019
Phanes Group has announced Mr. Mbaye Hadj and his Gossas Solar Farm Project (30 MW) as the winner of the second edition of its Solar Incubator. The announcement was made at the “Unlocking Solar Capital: Africa” conference in Kigali, Rwanda, where three finalists presented their proposal to a panel of international industry experts from responsAbility, ECREEE, Hogan Lovells, Phanes Group, RINA, and African Development Bank.Read more
Nov 12 2018
La deuxième édition de l’Incubateur Solaire de Phanes Group démarre le 7 août 2018Read more
Aug 7 2018
The 2nd Edition of the Phanes Group Solar Incubator set to kick off 7th August 2018Read more
Aug 7 2018
Marlon Dos Santos’s 50 MW Kitaka Solar Project in Mozambique awarded Phanes Group’s first Solar Incubator program. The winning project was announced during a live panel session at the "Unlocking Solar Capital: Africa 2017" conference in Abidjan.Read more
Oct 31 2017
Phanes Group, an integrated end-to-end solar provider headquartered in Dubai, has launched its first Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing access to funding, and commercial and technical knowledge. The initiative, ‘The PV Solar Incubator, Your Project, Our Expertise, For a Sustainable Future,’ will be held in partnership with Hogan Lovells, Proparco, responsAbility, RINA Consulting and Solarplaza, and invites PV developers to submit proposals for projects that are based in sub-Saharan Africa, and have a clear CSR (Corporate Social Responsibility) component.Read more
Sep 6 2017
meteocontrol GmbH, a leading provider of independent photovoltaic monitoring systems, is the monitoring partner for Phanes Group who is currently delivering Phase I of Dubai’s largest distributed solar industrial rooftop project for the international port operator DP World.Read more
Aug 2 2017
On the eve of Eid al Fitr, Phanes Group has donated bags of food to two communities in Nigeria. The end-to-end solar developer and asset manager sent rice and cooking oil to villages in Sokoto and Kebbi states - where the company is currently developing large projects - in time for the celebratory close to Ramadan. The donations were distributed to the communities in the presence of the District Head of Yabo, Alhaji Mohammed Lauya and, representing the State Government, the Director General (DG) of Sokoto State Urban and Regional Development Agency, Alhaji Sani Daudu, and the District Head of Yamama in Kebbi State, Alhaji Ahmad Fodio (Sarkin Kabi Kardi), as well as a number of other dignitaries.Read more
Jun 24 2017
Dubai-based international solar developer’s 100 MW Sokoto project builds on Nigeria’s recently signed PPA initiative. Phanes Group is currently working to deploy two additional grid-connected 100 MW projects by 2019.Read more
Nov 3 2016
Phanes Group’s rooftop solar specialist firm Green Energy Tomorrow, has officially started construction work on the DP World Solar Project in Dubai, United Arab Emirates (UAE). Once phase one is complete, its 88,000 rooftop solar panels will make it the largest rooftop solar project in the Middle East, producing enough clean power for 3,000 homes.Read more
Oct 6 2016
Green Energy Tomorrow, the regionally focused rooftop solar specialist launched by Phanes Group – has signed an agreement with DP World to deliver the first phase of the largest rooftop solar project in the Middle East. Green Energy Tomorrow secured the rooftop project following a competitive tender process.Read more
Apr 17 2016
Monte Plata, a 33.4 megawatt (MW) photovoltaic solar array located on the Dominic Republic was officially inaugurated today in the presence of the President of the Dominican Republic, Danilo Medina. The project is the largest in the Caribbean and was designed and deployed by Phanes Group, the international solar developer, asset manager and investment manager headquartered in Dubai together with its partners General Energy Solutions (GES) and Soventix. Monte Plata will deliver more than 50,000 megawatt hours (MWh) of clean energy to the country’s grid annually.Read more
Mar 29 2016
Phanes Group, the international solar developer, asset manager and investment manager headquartered in Dubai, has launched a full service solar entity. Green Energy Tomorrow, will specialize in rooftop solar (distributed) and smaller-scale ground mounted solar systems in the United Arab Emirates and the GCC region. Green Energy Tomorrow is wholly owned by Phanes Group and its shareholders General Energy Solutions (GES) and Neo Solar Power (NSP) both from Taiwan – combining the extensive deployment, investment and financing expertise of Phanes Group, with the technology of its partners GES and NSP to scale up solar GCC.Read more
Mar 6 2016
Dubai - UAE, February 14 2016: Phanes Group, an international solar developer, asset manager and investment manager headquartered in Dubai, expects to increase its global installed capacity of solar energy by 500 megawatts over the next two years, following General Energy Solutions’ (GES) acquisition of a 30 percent stake in the firm. Phanes Group has over 70 megawatts of photovoltaic solar energy installed in six geographies around the world, including the largest solar array in the Caribbean, Monte Plata in the Dominican Republic.
In addition to current projects in the United Kingdom and the Dominican Republic, Phanes Group’s two-year pipeline includes groundbreaking utility-scale distributed and ground mounted solar PV projects in the United Arab Emirates, Chile, and South Africa. Phanes Group’s projects are based on a range of investment models including wholly-owned solar installments that allow users to benefit from low cost energy whilst avoiding up-front capital or operational costs.
“The regional and global solar energy landscape is evolving, presenting clear opportunities for developers and investors that can create the right partnerships and offer innovative financing structures that support the rapid scale up of solar in the energy mix,” said Martin Haupts, Managing Director, Phanes Group.
“Phanes Group’s unique combination of deep engineering expertise, broad investment knowledge and a strategic central base in Dubai, positions us well to capitalize on the opportunities solar offers and play a key role in accelerating its deployment in markets across the world,” continued Haupts. “The GES investment and our robust project pipeline are a demonstration of our unique value proposition, engineered to facilitate the shift to centralized and decentralized solar in markets where it offers clear value.”
Established in 2012, Phanes Group has grown from an advisory-focused consultancy to an integrated solar developer, asset and investment manager with particular expertise in distributed solar energy. In the Dominican Republic, Phanes Group is involved in the 34 megawatt Monte Plata solar array that is successfully lifting the island nation out of fuel poverty. Phase two will start in April 2016 and once complete will increase the plant’s capacity to 67 megawatts. The company’s work in the United Kingdom includes work with three registered social landlords to deploy rooftop installations on individual rooftops across North East England and South West Wales. The clean energy produced will ease fuel poverty and save tenants an average of GBP 200 on electricity bills annually.
Recently, the government updated Dubai Plan 2021 and the Dubai Integrated Strategy 2030 that will see the emirate’s share of renewable energy sources increase to 7% by 2020 and 15% by 2030. It also follows the launch of ‘Shams Dubai’ in March 2015, an initiative implemented by the Dubai Electricity and Water Authority (DEWA) to regulate solar energy generation in buildings.
About Phanes Group
Phanes Group is an international solar energy developer, investment manager and asset manager strategically headquartered in Dubai, UAE. Established in 2012, Phanes Group has a growing portfolio of solar investments and developments that currently span six geographies globally, including Chile, United Kingdom, Dominican Republic, the United Arab Emirates and Sub-Saharan Africa. The group’s cumulative clean power contribution stands in excess of 70 megawatts, with a further 500MW under development or at the planning stage. The firm’s management team brings substantial experience in capital markets, photovoltaic solar project development, risk management, and asset construction. Phanes Group’s second office is located in Rotkreuz, Switzerland and focuses primarily on asset management.
For more info about Phanes Group, contact:
Associate Director, FleishmanHillard
00971 (0) 508049036
Chief Operating Officer, Phanes Group
00971 (0) 4 5587450
Feb 14 2016