About Phanes Group

Phanes Group was established in 2012 by founders Martin Haupts and Malik Bencherchali in the UAE as a renewable energy pioneer focused on emerging and frontier markets. Over 13 years, the company delivered bankable renewable energy projects across four continents spanning utility-scale solar, commercial and industrial installations, residential portfolios, mini-grids, and storage solutions—executing 305 MW across 26 markets with $697 million in commercially closed transactions.

In 2023, Phanes Group underwent a strategic refocus, evolving into a holding and asset management entity that spearheads activities across the renewable energy value chain. This transformation positions the group to leverage its proven project development and execution capabilities while providing strategic oversight and capital allocation across multiple renewable energy initiatives.

Phanes Energy serves as a pillar and key strategic direction within this evolved structure. The operating company channels the group's deep expertise in executing projects in challenging environments into Power-to-X solutions—bridging Europe's critical green hydrogen supply gap through strategically located production in Africa and the Middle East.
Phanes Energy addresses Europe's immediate 4.2 million tonne hydrogen deficit while scaling to meet 2035's 17.3 million tonne requirement through cost-competitive African production.

Learn more about Phanes Energy and our Power-to-X solutions