Power Africa Private Sector Partners
More than 170 companies have joined forces with Power Africa, committing over $40 billion of investments in African energy markets. Our Private Sector Partners include a range of players across the power delivery value chain that are helping sub-Saharan African nations meet these ambitious goals.
We are constantly adding new partners who demonstrate an ability to aid us in reaching our overarching goals of 30,000 MW of cleaner energy and 60 million new connections by 2030. We assess new partners based on a number of criteria, including the location of projects, capacity to complete them, experience and presence in sub-Saharan Africa, and commitment to shared values.
Power Africa supports healthy competition in African energy markets to ensure that consumers get the best value for money. We seek to level the playing field for all companies to invest, no matter their nationality. We do this by supporting specific power generation transactions and helping countries to strengthen their enabling environment, such as the legal and regulatory frameworks that are critical to attracting and retaining investors.
Private Sector Partners receive tailored support and access to the Power Africa network, including streamlined communication with the 12 U.S. Government Agencies participating in Power Africa, our Development Partners, and of course other Private Sector Partners. They have the opportunity to connect with our network of 70+ on-the-ground staff to discuss market trends and specific projects, or potentially receive assistance. And the barriers faced by Private Sector Partners inform Power Africa’s programs relating to policy reform advocacy at national and regional levels. Of course, partners receive invitations to Power Africa-related webinars, conferences, and events around the world, including an annual Partners Day event.
Please note that partners do not receive any favorable treatment with respect to acquisition and assistance instruments that may be awarded by U.S. Government agencies and are not guaranteed financial support, technical assistance, or advocacy from U.S.Government agencies for the partner’s projects or business.
MEET OUR PRIVATE SECTOR PARTNERS
To jump to a partner description, please click on the partner name in the list below:
A.P. Moller Capital
Absa Group Limited
Aeolus Kenya Ltd
African Infrastructure Investment Managers
African Finance Corporation
African Power Corporation
African Rainbow Energy & Power
Alliance for Rural Electrification
The Anergi Group
ARCH Emerging Markets Africa Renewable Power Fund
Ariya Capital Group
Babcock & Wilcox
Beyond Capital Fund
Blue Haven Initiative
Calvert Impact Capital
Capricorn Investment Group
Consolidated Infrastructure Group Limited
Corporate Council on Africa
CPCS Development International Ltd
Denham Capital Management
Dominovas Energy Corp.
East African Power
Endeavor Energy Resources
Energy Access Ventures
Equatorial Coca-Cola Bottling Company
Fortescue Future Industries
GG Energy Holdings
Global Off-Grid Lighting Association
Gray Ghost Ventures
GreenCo Power Services Limited
GreenMax Capital Advisors
Harith General Partners
Husk Power Systems
IAP Worldwide Services
Interlink Capital Strategies
LGT Venture Philanthropy
Liberian Energy Network
Manitoba Hydro International Ltd.
Milhouse Engineering & Construction, Inc
Monetizing Gas Africa
National Rural Electric Cooperative Association
New Sun Road
Nigeria Solar Capital Partners
Orchid Business Group
Pele Green Energy
Persistent Energy Capital LLC
PowerGen Renewable Energy
Private Infrastructure Development Group (PIDG)
Proton Energy Ltd.
PW Power Systems
Rand Merchant Bank (RMB)
ResponsAbility Investments AG
Schweitzer Engineering Laboratories
Sovereign Infrastructure Group
The Tony Elumelu Foundation
Treehouse Investments, LLC
U.S. Energy Association
United Bank for Africa (UBA)
United Nations Foundation
60Hertz Energy is a US-based startup that markets computerized maintenance management software systems to streamline operations and maintenance for infrastructure in extreme environments. The software is for utilities, microgrid developers, or maintenance-as-a-service providers for fleets of back-up generation assets. The company is currently expanding operations into sub-Saharan Africa, establishing offices in Uganda, and is involved with projects in Benin, Sierra Leone, and Nigeria.
A.P. Moller Capital
A.P. Moller Capital is a fund manager focused on infrastructure investments that combine risk-adjusted returns with a positive social impact. Our first fund, the Africa Infrastructure Fund, targets transportation projects including ports, roads, rail and logistics, as well as power and energy projects. The need for investment in infrastructure in Africa is significant and, we believe, is an important foundation for creating jobs and prosperity. A.P. Moller Capital is an affiliate of A.P. Moller Holding, whose companies have more than a century of history and engagement in Africa and include the integrated transport and logistics company A.P. Moller-Maersk. As a fund manager, we pledge to be an ethical partner within the countries and communities in which we operate and to maintain high environmental, social and governance standards. In line with our commitment, initiatives we seek to follow include (but are not limited to) the UN Principles for Responsible Investment, the UN Global Compact, and IFC Performance Standards on Environmental and Social Sustainability. The purpose of the fund is to deliver a competitive equity return whilst seeking to invest in businesses that benefit society by facilitating economic and social development. As an active owner, we target both greenfield and brownfield infrastructure assets. As a Power Africa Partner, A.P. Moller Capital expresses an intention to support the objectives of Power Africa by seeking to facilitate the financing, development, construction and operation of 500 MW of power generation capacity in Africa and may consider investments in electric transmission or distributions assets.
ABB (ABBN: SIX Swiss Ex) is a technology leader that is driving the digital transformation of industries. With a history of innovation spanning more than 130 years, ABB has four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability™ digital platform. ABB’s Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees.
Absa Group Limited
Absa Group Limited (formerly Barclays Africa Group), is a South African-based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management, as well as bancassurance.
Over the next several years, as part of its commitment to Power Africa, Absa Group intends to:
- Commit a minimum of $500 million to a pipeline of proposed clean power projects in Power Africa countries that are expected to increase the quantity of power by up to 12,500 MWs (the Proposed Projects), subject to further due diligence, bankability and relevant internal approvals.
- Seek to arrange financing and/or provide advisory services in respect of the Proposed Projects, as required;
- Provide financial and sector know-how to public sector institutions in order to facilitate robust investment climates; and
- Provide continued access for Power Africa countries to a combination of best practice advisory and arranging services for both private and public debt and equity capital markets.
Access Power (Access) is a developer, owner and operator of power plants in emerging and frontier markets. Access today is one of the fastest growing independent power producers in emerging markets and is currently developing renewable energy projects worth over US$1 billion in 20 countries across Africa and Asia, including Egypt, Mali, Nigeria, Zambia and Malawi. In late 2016, Access commissioned East Africa’s largest solar power plant, in Soroti, Uganda. That facility is today providing clean energy for 40,000 homes, schools and small businesses. Our firm’s mid-size modular projects can be readily integrated into the existing grid, providing power for the populations of fast growing, energy-poor markets. Our development team has a depth of experience in developing and building large portfolios of renewable energy projects, with a collective track record of financially closing 30 GW of power projects across the globe.
Actis is a leading independent fund manager focused exclusively on investing in growth markets (Africa, Latin America, South East Asia, India and China). Actis has a strong track record of investing in power generation and distribution in sub-Saharan Africa and has a pipeline of projects and investments across the continent. Actis supports the Power Africa initiative by investing $1.3 BN in power projects or companies and supporting 4 million new connections in sub-Saharan Africa by 2024.
Acumen's mission is to change the way the world tackles poverty by investing in companies, leaders, and ideas. Acumen raises charitable donations to make debt or equity investments in business models that deliver critical goods and services to the world's poor. Since 2001, Acumen has invested $88 million in 82 companies providing agricultural inputs, quality education, clean energy, healthcare services, formal housing, safe drinking water, and sanitation services to low-income customers in India, Pakistan, East Africa, West Africa, and Latin America. To date, Acumen's investments have impacted over 120 million lives. Acumen is building a global community of emerging leaders with the financial and operational expertise and the moral imagination to build a more inclusive world, and we are committed to learning at the edge and sharing ideas insights from our work.
AEG International (AEG) is a North Carolina (USA) solutions company created to solve some of the world’s most pressing problems for those most in need. AEG’s purpose is to make a positive impact on the world by lighting the night, providing clean and renewable energy, and supplying clean water throughout the world. We engineer, design and build only the highest quality products. AEG offers a large array of products and engineering services throughout Africa. Solar solutions range from solar kits to solar streetlights to multi-MW solar farms. AEG also provides a wide range of water purification solutions, both fixed or mobile.
Aeolus Kenya Ltd
Aeolus Kenya Ltd funds the development and implementation of financially viable, clean and sustainable renewable energy projects as distributed hybrid supply systems for rural areas. It also transfers managerial, financial and technological know-how and strengthens socio-economic development throughout Kenya. In support of Power Africa, Aeolus Kenya Ltd commits to:
- Begin construction of two projects by the end of 2014, the Kinangop Project, a 61 MW wind farm in Kenya and a 100 MW wind farm in Tanzania. Both projects represent an investment of $450 million.
- Expand its activities to three additional Power Africa countries, focusing on wind, solar, geothermal and natural gas.
AFCORP Investments (PTY) Ltd.
AFCORP Investments (PTY) Ltd. is a specialist Pan-African private investment banking and advisory company headquartered in Johannesburg, South Africa and with a regional office in Nairobi, Kenya. AFCORP works with investors and operating companies to develop, structure, implement, and finance growth strategies. As part of its partnership with Power Africa, AFCORP is:
- Undertaking an effort to structure, market, establish and manage a $250 million pension-backed renewable energy fund focused on funding market-based development of small- to medium-scale renewable energy ventures in East Africa.
- Committing $2 million worth of professional and technical expertise towards surveying addressable markets, conducting requisite studies and the pursuant technical analysis to incisively inform the development of a comprehensive Information Memorandum which is to be pitched to target investors, with a principal focus on local pension funds as anchor partners.
Africa GreenCo is a not-for-profit company set up to establish a creditworthy off-taker of renewable energy projects and electricity services provided, initially operating in Zambia, but with a regional application to the Southern Africa Power Pool and intentions to expand regionally in West Africa. Africa GreenCo aims to increase private sector investment in energy generation in sub-Saharan Africa by mitigatin the credit risks associated with the current lack of creditworthy off-takers.
African Finance Corporation
Africa Finance Corporation (AFC) is an international finance institution established by agreement between independent African sovereign states with a mandate, inter alia, to develop and finance infrastructure projects in African countries including the six selected Power Africa countries. AFC's mission is to foster economic growth and industrial development of African countries, while delivering a competitive return on investment to its shareholders. Over the next five years, and as part of its commitment to the Power Africa Initiative, AFC intends to invest up to $250 million in the form of development capital, equity, debt, and quasi equity, including:
- To advance the Power Africa goal of providing access to clean, reliable energy across Africa, AFC seeks to complete the Cenpower (Kpone) project - a 340 MW thermal closed cycle power plant in Ghana - and finance a 30MW geothermal power project in Kenya.
- In Nigeria, AFC seeks to provide approximately US$200 million of financing to support the privatization of the Nigerian electricity sector.
- Through its involvement in the program, AFC aims to catalyze over a US$1billion in investment for energy projects in the Power Africa Countries over the next five years in terms of total project cost and co-investment opportunities. This will potentially increase access to electricity to 360 million users in these countries.
- AFC aims to provide the Power Africa Countries with access to financial, deal structuring and sector technical expertise as well as advisory services, project development capacity, and funding.
African Infrastructure Investment Managers
African Infrastructure Investment Managers is a South Africa-based fund manager focused on African infrastructure investments with 13 years of experience in Africa and five funds under management totaling in excess of $1.3 billion. AIIM is a joint venture between Macquarie Africa (Pty) Ltd, a wholly-owned subsidiary of Macquarie Group Limited, and the Old Mutual Investment Group (South Africa) (Pty) Ltd. Over the next several years, AIIM intends to:
- Invest directly in energy projects: To advance the Power Africa goal of providing access to clean, reliable energy in Nigeria and Kenya, AIIM seeks to complete the Azura Gas Power Project - a 450 MW plant in Edo State, Nigeria, the Kinangop Wind Farm, a 60.8 MW wind power project outside of Nairobi, Kenya, and a potential gas power plant in Ghana representing a total investment of $170 million leveraging about $1.2 billion for all three projects.
- Channel local pension capital into infrastructure projects: With the possible support of US government guarantees, AIIM aims to catalyze $70 million of Nigerian Pension Fund capital into an infrastructure fund, the Nigerian Infrastructure Investment Fund 1, which will invest in infrastructure projects predominantly in Nigeria (75%) and other West African countries (25%). AIIM will leverage this with an additional $30 million from development finance institutions. AIIM will consequently raise NIIF2 a few years after that, aiming to catalyze $200 million of local Nigerian pension fund Capital and $100 million of DFI capital.
African Power Corporation
African Power Corporation (APC) is an investment holding company that is dedicated to the long-term growth of Africa’s power sector. We invest in and help grow companies that are involved in the development, ownership and operation of energy supply, power generation, transmission and distribution systems across Africa.
Our approach involves using the international capital markets to bridge an important gap in the funding of the sector over the next twenty years and beyond. APC is also committed to supporting the growth of Africa’s capital markets and will actively support the listing of Africa’s power companies on its domestic and regional stock exchanges.
Over the next five years, as part of its commitment to the Power Africa initiative, APC intends to participate in the development of over 500MW of power projects, predominantly in Power Africa countries.
African Rainbow Energy & Power
AREP is an energy and power company in South Africa, established in 2014 by its founder and chairman Patrice Motsepe. AREP’s initial focus is to invest in various electricity generation projects, both fossil-based (gas, coal and cogeneration) and renewable energy (wind, solar and hydro-electric) projects.
As part of its commitment to Power Africa, AREP intends build and develop an African energy and power company of scale (4,000 to 5,000 MW of generation capacity). AREP seeks to acquire 1,000 MW worth of renewable energy projects in Sub-Saharan Africa; raise funding from domestic and international investors and funders to finance AREP’s investment in various energy projects in South Africa and various other countries on the continent in the coming years, which will increase access to electricity for users and consumers in these countries; and position itself as a partner of choice for private and public sector entities.
To advance the Power Africa initiative in sub-Saharan Africa, Aldwych has worked on the development and construction of the 310MW Lake Turkana wind farm in Kenya, the 450MW Azura-Edo power project in Nigeria and the 200MW Amandi dual-fuel power plant in Ghana, a total investment of some $2 billion. The plants will be commissioned in 2018 and 2019.
All On is an independent impact investing firm seeded with funding from Shell, committed to increasing access to commercial energy products and services for unserved and underserved communities in Nigeria, with a special focus on the Niger Delta. All On primarily provides capital for off-grid energy companies in the solar, biomass, hydro, wind, and natural gas space to launch and scale, thus complementing available grid power across Nigeria and helping to bridge the energy gap. All On supports growth in the renewable energy sector using a four-pronged business approach that includes the All On Hub, impact investing, enabling finance and creating an enabling environment through grants, government advocacy, discourse and awareness activities.
Alliance for Rural Electrification
The Alliance for Rural Electrification (ARE) is a non-profit association based in Brussels that serves the distributed renewable energy industry. ARE focuses on catalysing private sector-driven markets for sustainable electricity services, creating jobs and powering equitable green economies. Of the association's 185+ members, 86 percent are active in Africa. In addition to working with Power Africa's off-grid team, ARE collaborates extensively with Power Africa Partners like the African Development Bank, the Government of Sweden, the International Renewable Energy Agency (IRENA), Sustainable Energy for All (SEforAll), and more.
The Anergi Group
The Anergi Group is the result of a shared vision by Africa Finance Corporation (“AFC”) and Harith General Partners (“Harith”), two of Africa’s leading institutions, who decided to establish a leading African power company to address the growing need for energy, and to accelerate the pace of energy delivery on a sustained basis.
AFC and Harith joined forces in June 2016 to form the Anergi Group and, on 5 December 2017, Anergi was formally established. Together, these two institutions ensure that the Anergi Group is perfectly positioned to be a major diversified energy participant in the African energy sector. Anergi is committed to providing diversified power to the African continent in a sustainable, efficient and cost effective manner. We aim to achieve these goals by bringing to bear our substantial scale of operations, investment capital, development skills and respectful relationships with the government of the countries in which we operate.
Angaza’s Pay-As-You-Go solution enables businesses to extend flexible solar payment plans to the billion individuals without access to grid electricity. Our platform allows manufacturers and distributors of off-grid energy products to expand their customer base and access data–driven market insights. Angaza’s partners can launch their Pay-As-You-Go program today without the investment of building and operating the necessary technology.
For manufacturers, Angaza has multiple options to embed Pay-As-You-Go technology into their products, based on their distribution channels, target markets and product price points.
- Cable-based technology – the lowest cost option; well suited for small scale, portable Pay-As-You-Go products.
- Keypad technology – uses direct SMS communication with customers; removes the need for a sales agent network (for markets with mobile money solutions).
- GSM technology – relies on cellular networks to transmit data between the product and Angaza’s platform, the Energy Hub.
For distributors, the Angaza Energy Hub is a customizable, web interface that manages all aspects of a Pay-As-You-Go distribution network and supports the Pay-As-You-Go devices produced by our manufacturing partners. Distributors also have access to the Angaza Activator, a smart-phone app that facilitates distribution operations in the field.
Based in San Francisco and Nairobi, Angaza’s platform is operating in India, Kenya, Malawi, Nicaragua, Pakistan, Sierra Leone, South Africa, and Uganda. New country launches scheduled for 2016 include Benin, Côte d'Ivoire, Madagascar, Myanmar, Rwanda, Senegal, and Tanzania.
Over the next five years, as part of our commitment to the Power Africa initiative, Angaza intends to make solar energy products affordable to 5 million African families with PAYG. We will scale support of PAYG distribution in our currently active African markets as well as launching new distribution partnership across the continent. Additionally in support of Power Africa, Angaza plans to engage with U.S. government agencies on how additional USG tools can help address finance and capacity gaps in the small scale energy sector.
ANKA is a woman-led Malagasy impact company, specializing in developing and delivering sustainable energy solutions for rural communities, individuals, and industrials. ANKA develops, designs, builds and operates hybrid solar PV mini-grids, which also combine the use of solar kits to increase universal access to electricity. The mini-grid development company uses an innovative development model called AgriGrid that consolidates existing solar and IT technologies in an experimental ag-energy nexus business model that illustrates the “mini-grid 3.0” concept and benefits to women associations and local communities.
APR Energy is a global leader in large-scale, fast-track power solutions, providing customers with rapid access to reliable electricity when and where they need it. APR Energy combines state-of-the-art, fuel-efficient technology with industry-leading expertise to provide turnkey power plants that are rapidly deployed, customizable and scalable. Serving both utility and industrial segments, APR Energy has installed more than 1,000MW of generating capacity in 11 African countries since 2008.
ARCH Emerging Markets Africa Renewable Power Fund
Founded in 2018 as a partnership between African Rainbow Capital Proprietary Limited and JCH & Partners LLP, ARCH Emerging Markets Partners Limited ('ARCH') is an emerging markets advisory firm specializing in private equity opportunities across several geographies, with an initial focus on energy and logistics in developing economies.
As a specialist emerging markets advisor, ARCH will provide advice to various funds and strategies, including Africa power, where its mission is to create long term value for its stakeholders while addressing the African market’s growing demand for bankable, de-risked electricity generation. Through the ARCH Africa Renewable Power Fund's ("ARCH ARPF"), ARCH will apply its proven expertise in the origination, development, financing and construction of African renewable power projects – all while ensuring affordability and strict adherence to the highest ethical standards and applicable environmental and social requirements. Upon successful operations, ARCH will market its investments for sale to buyers with appetite for commercially proven renewable power generation.
ARCH ARPF’s strategy is designed to unlock the continent’s enormous clean power generation potential, help combat climate change, and offer de-risked, sustainable operating assets to exit markets – all while improving the lives of Africans by increasing their access to electricity and providing attractive employment opportunities.
Ariya Capital Group
Ariya Capital Group (“Ariya”) is an experienced developer and investor in clean energy and infrastructure projects throughout sub-Saharan Africa. Ariya has a highly experienced management team, a unique and proprietary pipeline of well-structured, bankable, privately-financed, high-profile clean energy and infrastructure projects throughout sub-Saharan Africa and a clear vision to become a leading clean energy independent power producer on the continent delivering superior financial returns and maximising our positive social and environmental impact.
Ariya is headquartered out of Nairobi with offices in the UK, South Africa and Jersey. The company is focused on two mutually reinforcing sectors: clean energy and ICT.
As part of its commitment to Power Africa, Ariya aims to catalyze US$ 600 million in investment for energy projects in the current Power Africa countries over the next five years. These planned activities are aligned with the goals of the Power Africa Initiative to increase access to clean, reliable power in Africa, and are expected to increase the quantity of power available to 133 million users by 740 MWs.
Azura Power Holdings is majority owned by Amaya Capital, the founder and lead sponsor of the 450MW ($876 million) Azura-Edo IPP located in Benin City, Nigeria. Whilst Amaya Capital is the controlling stakeholder in the Azura-Edo project, other equity investors in the Azura-Edo project include American Capital Energy & Infrastructure; African Infrastructure Investment Managers; Aldwych Azura Ltd; and the ARM-Harith Infrastructure Fund. The Azura-Edo IPP reached financial close on 28th December 2015 with the debt financing sourced from 15 banks representing nine different countries. The completion of the financing for the Azura-Edo IPP represents the second major infrastructure investment by Amaya Capital, the first being Seven Energy, the gas infrastructure company. Through its investments in Seven Energy and Azura, Amaya Capital has been the lead sponsor and active investor in two companies responsible for the deployment of over $3 billion of capital. These early stage investments have played a catalytic role in the development of commercially viable markets in Nigeria’s gas and electricity sectors.
Azuri Technologies is a UK based commercial provider of PayGo solar lighting to rural off-grid communities in over 10 countries across sub Saharan Africa. By combining mobile and solar technology, customers can pay for their solar home system on a PayGo basis as they use it, just like they pay for their phones and kerosene. Over the course of typically 18 months, the purchase of scratchcards allows the system to be paid off and the customer can choose to either unlock their Azuri system forever or upgrade to a larger model.
Babcock & Wilcox
The Babcock & Wilcox Company (B&W), headquartered in Charlotte, North Carolina, is a global leader in advanced energy and environmental technologies and services for power, industrial and renewable markets. The company provides market leading technology in thermal power, such as coal, biomass, waste-to-energy, and concentrated solar power (CSP). Product and service offerings include utility steam generation equipment, waste-to-energy and biomass steam generating equipment, industrial boilers, environmental solutions, wet and dry cooling systems, and aftermarket retrofits, parts and services. As a Power Africa partner, B&W has committed to develop 4,560 MW of coal, solar and biomass power across sub-Saharan Africa.
Bamboo Finance is a commercial private equity firm specializing in investing in business models that benefit low-income communities in emerging markets. Bamboo Finance manages $250 million, representing two global funds and a combined portfolio of 46 investments across 30 countries. Bamboo has a track record of demonstrated commercial returns, and a portfolio of investments that have provided services to over 16 million clients and created more than 20,000 jobs.
Since 1942, customers in over 145 countries have relied on Basler Electric to deliver innovative, technologically advanced products for the control and management of electric power worldwide. Basler is proud to partner with Power Africa to deliver innovative solutions to Sub-Saharan Africa.
- Excitation Systems & Voltage Regulators – We have a full range of predesigned and custom-designed retrofits for the majority of obsolete excitation systems and voltage regulators.
- Genset Controls – With the Basler family of Digital Genset Controllers, we have a genset controller for any new or retrofit project.
- Protective Relays – The newest member of our BE1 Protective Relay family, the BE1-FLEX protection relay can offer true flexibility for all power generation including Solar, Wind, Gas, Hydro, Coal and Biomass or Steam. The Future Demands BE1-FLEX.
- Custom Transformers - Basler offers a wide range of agency approved and custom Class 2 transformers for use in low-voltage control circuits.
- Injection Molded Plastic Components – Basler Plastics, LLC has a wide range of capabilities including heat staking, ultrasonic welding and secondary machining.
Visit www.basler.com to find out how Basler is the solution for all your electric power control and management needs. Basler Electric – Always Innovating. Always Evolving.
BBOXX is a London based company that designs, manufactures, distributes and finances off-grid solar systems across the developing world. We operate in over 14 countries mainly in Africa and have sold over 40,000 systems since our inception in 2010. We provide end-customer financing solutions across our distribution networks to overcome the main barrier to mass market absorption which is the financial access to make solar systems competitive with existing carbon based energy solutions. We have developed the required hardware and IT systems to monitor and pro-actively manage our solar systems in the field over the long term."
Berkeley Energy has deep renewable energy and power engineering, construction and investment experience in developing markets, where it is a focused investor, developer and deliverer of renewable power assets. Berkeley works with its partner companies to provide engineering, management and financial support, while offering the ability to act as a bankable sponsor for renewable power projects.
Beyond Capital Fund
Beyond Capital Fund ("BCF") is an impact investment fund that promotes economic development in impoverished communities through our investments. Our focus is in the water, waste and sanitation, healthcare and energy sectors in India and East Africa. We are registered as a public charity. By addressing the lack of seed capital for social businesses, we specialize in providing early-stage financial investment along with management assistance, mentoring and expert advisory services. With our rigorous investment process, our aim is to achieve sustainability and scaled social impact for businesses that operate for the advancement of the population at the base of the economic pyramid.
BioLite is a clean energy company that designs and manufactures products that transform the way off-grid households cook, charge devices, and light their homes. We partner with last-mile distributors and consumer finance providers to reach under-served consumers, while delivering comprehensive marketing and after-sales service support. Since our inception, BioLite has developed and launched over 20 innovative clean energy products, manufactured and shipped hundreds of thousands of units to over 100 countries, and established in-country operations in East Africa with over 25 full-time staff.
BirdLife International is the largest global partnership for nature conservation of over 115 non-governmental organizations. BirdLife’s work is based on four key pillars: Species, Sites, Society and Systems focusing on: preventing the extinction of bird species; identifying and safeguarding important sites for birds and other biodiversity and; working with people towards sustainable use of natural resources, linking up birds, habitats, nature and people. Based in Cambridge and with offices in Africa and around the world, BirdLife collaborates with governments, utilities, private sector companies, and more to bring awareness to easy solutions to environmental challenges and prevent species extinctions.
BTE Renewables (formerly BioTherm Energy) develops, finances, constructs and operates renewable projects with a pan-African focus with over 1 GW of projects in its pipeline. To that end, it has created a vertically integrated development team that can deliver across all stages of wind and solar development activities including project sourcing, site development, contracts negotiation, project financing, construction and operation of its projects.
To date, the company operates one wind and two solar PV projects (48MW) in South Africa, where it has also been awarded four additional projects, for a total capacity of 283MW. In addition, BTE Renewables has secured through solar PV tenders 34MW in Burkina Faso, 10MW in Zambia and 20MW in Ghana and is actively developing other wind and solar projects across the continent.
By end of 2020, as part of its commitment to the Power Africa Initiative, BTE Renewables intends to invest approximately $330 million in sustainable energy projects. These projects are expected to provide a more secure access to electricity to 1 million households and businesses with an estimated 1 GW.
Blue Haven Initiative
Blue Haven Initiative (BHI) invests in innovative for-profit business models that deliver products and services to people and businesses that are underserved or out of reach of existing infrastructure. BHI’s direct investment strategy has the dual goal of achieving both best-in-class venture returns and maximum social and environmental impact. Targeting businesses in sub-Saharan Africa, as part of its commitment to Power Africa, BHI intends to:
- Invest at least an additional $5 million in energy solutions in east and southern Africa
- Provide debt and equity investment capital to support the expansion of manufacturing and distribution companies that improve access to clean, reliable energy solutions in east and southern Africa
- Work with other Power Africa investor partners to provide entrepreneurs with long term, values aligned funding to scale
- Bring together and participate in partnerships with government and private sector players to create well-structured investment opportunities that can expand or enhance Power Africa
Buffalo Energy is a for-profit renewable energy developer. Buffalo Energy intends on supporting the objectives of Power Africa by developing 590 MW of energy generation and 5000 new home and business connections. The company was established in 2016 to originate and develop projects in Zambia, focusing on early stage project development and bringing on large multinational partners to de-risk the project and use industry leading technology
Calvert Impact Capital
Capricorn Investment Group
Over the next several years, as part of its commitment to Power Africa under Beyond the Grid, Capricorn intends to: advance the Beyond the Grid goal of providing access to clean, reliable energy, to invest in companies providing solar power, hybrid power systems, mini-grid installations, energy storage systems, and mini-hydro power systems, increasing energy access for communities currently lacking reliable power.
Christian Super is an Australian superannuation fund with 27,000 members and more than $1.5 billion in funds under management. Operating since 1984, we have been investing our members retirement funds ethically in line with Christian values. We are also a world leader in impact investing, with 10% of funds within investments that aim to generate both financial returns, and positive social or environmental outcomes. As an industry super fund we return all profits to members, and also have a dedicated in-house Member Care Team to best serve our members.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Citi’s commitment to Power Africa
Over the next several years, as part of its support for Power Africa, Citigroup intends to:
- Enable US$ 2.5 billion in incremental capital for the energy sectors in Power Africa countries over the next five years, which will increase access to electricity to millions of users in the region.
- Leverage its financing expertise in renewable energy, particularly solar and wind power, to accelerate the adoption and implementation of the appropriate technologies for the specific markets.
- Work with the key stakeholders in the respective local capital markets to introduce innovative debt securities and to enhance its financial infrastructure. Accelerating the development of local capital markets will not only mobilize domestic savings but also attract greater international financial resources to the Power Sector in the region.
- Deploy its systems and technology to enhance the payment and collections capability of the various providers in the Power Africa markets to increase the efficiency and transparency along the entire supply chain.
Consolidated Infrastructure Group Limited
Consolidated Infrastructure Group Limited (CIG) is a provider of infrastructure services and products and investor in critical infrastructure projects throughout the African continent and the Middle East, more than 25 countries in all. Key sectors include power, water and waste management and building materials. The group is headquartered in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange.
CIG is focused on adding more capacity to the grid through investments in generation and grid connections or improving the quality, therefore throughput, of power that consumers receive from the grid. Currently CIG is working on investments in up to 5 African countries along with major transmission infrastructure projects in more than 15 countries.
Corporate Council on Africa (CCA)
The Corporate Council on Africa is a nonprofit, membership-based organization established in 1993 to promote business and investment between the United States and the nations of Africa. CCA is the premier American organization devoted to U.S.-Africa business relations and includes as members more than 180 companies, which represent nearly 85 percent of total US private sector investments in Africa. CCA's members range from America's smallest to largest corporations, and CCA's Board has recently invited African corporates to join CCA to foster partnerships for US trade and investment. They represent a diverse pool of industries from more than 20 key sectors, including agribusiness, energy, infrastructure, security, power, healthcare, telecommunications and finance. The US-Africa Business Center (USABC), a program of CCA launched in 2010 through a grant from USAID, will increasingly focus on clean energy and renewables in addition to supply chain development, agriculture and trade. The USABC provides a critical link between the public and private sectors to facilitate more business involvement in Africa. Since its creation, the USABC has facilitated countless private sector connections, expanded the network of companies focused on Africa and launched a new web portal that will enable it to scale up its activities and expand its reach.
- CCA and the USABC will focus efforts on increasing investment between the United States and the Power Africa countries and facilitating expanded US and African business relationships that could lead to increased deal activity in clean energy and renewables. To advance this commitment over the next 12 months, CCA and the USABC will host a series of events, including a roundtable connected to the October 2013 US-Africa Business Summit in Chicago. The US-Africa Business Summit is the largest event of its kind and has traditionally drawn 1,500 or more participants from the private sector and government.
- CCA will also play a crucial advocacy, outreach and communications role to support policy dialogue, development and implementation and will provide a platform for information, analysis and dialogue for private and public stakeholders in the sector.
- On an ongoing basis, the USABC will help familiarize US energy companies and investors with potential investment opportunities in Africa and will reach out to local African businesses working in the energy sector.
CPCS Development International Ltd.
Canadian Pacific Consulting Services (CPCS) Development International Ltd (CDIL) develops renewable energy infrastructure in Africa. Harnessing the strengths and local presence of its parent company CPCS, an international management consulting firm, CDIL focuses on early stage development of clean power projects. DIL is focused on the greenfield development of power infrastructure projects in Africa. CDIL’s management team has over 15 years’ experience in the energy sector and has developed over 1 GW of projects.
CDIL has committed to Power Africa:
- Invest $5.5 million in power projects; and
- Generate 99 megawatts of clean energy in sub-saharan Africa.
CrossBoundary LLC is a frontier market investment firm. Our mission is to unlock the power of private capital to impact underserved markets. The firm has broad experience providing opportunity sourcing, due diligence, transaction advisory and investment expertise in sub-Saharan Africa. We work with investors to navigate unconventional markets, support frontier market companies to identify and raise capital and advise policy makers on investment climate reform.
Founded in 2006 as a for-profit social enterprise, d.light manufactures and distributes solar lighting and power products designed to serve the more than 2 billion people globally without access to reliable electricity. Through over a dozen field offices and four distribution hubs in Africa, China, South Asia and the United States, d.light has sold over 6 million solar light and power products in 62 countries, improving the lives of more than 30 million people.
Denham Capital Management
Denham Capital Management and three of its portfolio companies - Endeavor Energy Holdings, BioTherm Energy, and Fotowatio Renewable Ventures (FRV) - will jointly each commit under the Power Africa initiative. Denham Capital is a leading energy-focused global private equity firm advising funds with approximately $7.3 billion of invested and committed capital. Endeavor, BioTherm and FRV are all privately-owned companies focused on investing in power generation facilities in Africa that expect to operate in, among others, the following African countries: Ghana, Tanzania, Ethiopia, Kenya and Nigeria. Over the next several years, as part of their commitment to the Power Africa Initiative, Endeavor, BioTherm and FRV intend to:
- To Advance the Power Africa goal of providing access to clean, reliable energy in West Africa, Endeavor, BioTherm and FRV seek to invest in 1,000 MW of power generation in West Africa - including wind power generation, solar power generation and thermal power generation, representing total investment of over $1.0 billion, with a special focus on Ghana. Endeavor seeks to provide as much as 800 MW of thermal power generation in Ghana representing a total investment of over $0.8 billion.
- Endeavor, BioTherm and FRV seek to invest an additional 1,000 MW of power generation in Tanzania, Ethiopia, Kenya, Liberia and Nigeria - including wind power generation, solar power generation and thermal power generation, representing an additional total investment of over $1.0 billion.
- These planned activities are expected to increase the quantity of power available to Ghana, Tanzania, Ethiopia, Kenya, Liberia and Nigeria by 2,000 MWs, which has the potential to benefit roughly 2 million households and businesses or more by providing much need power generation.
Dominovas Energy Corp.
Dominovas Energy Corp. (DNRG) is an energy solutions company dedicated to delivering clean, efficient, and reliable electricity, on a multi-megawatt scale, to areas of the world that lack this precious and necessary commodity. With an eye on capturing this immense “green energy solutions” market opportunity, Dominovas Energy is committed to building and deploying the most technologically advanced and cost effective market-based energy solution available today.
As part of its commitment to the Power Africa Initiative, Dominovas Energy intends to:
- Support and advance the Power Africa goal of providing access to clean, reliable energy, and efficient energy via its commitment to expanding capacity in sub-Saharan Africa.
- Partner with specific university systems in sub-Saharan Africa to train and hire local citizens to perform as plant operations engineers and technicians, as necessary for the installation, service, and ongoing maintenance of the RUBICON™ system.
- Mobilize close to US $1 billion dollars of investment capital for energy projects over the next five years, resulting in increased access to electricity for more than 100 million users throughout sub-Saharan Africa.
dVentus is a U.S.-based renewable energy company with engineering and manufacturing operations in Ethiopia. dVentus provides full custom design and manufacturing of generators and converters for wind, small hydro, wind diesel, combined heat and power, and small electric meters and distributed management systems for smart grid technology. The company’s vision is to be a global pioneer in the development of competitive renewable energy technologies, targeting markets in Africa.
dVentus' engagements include:
- A smart meter and associated system solution for Ethiopian Utility other Regional Utility companies.
- Develop a customized 1MW Wind Turbine generator (WTG) System with public sector partners in Ethiopia that will fit the region’s unique requirements, develop a local industrial supply chain to support the manufacturing of WTGs, technology transfer and affordable renewable wind power generation in the region.
- Complete the ASSELA WIND Project – a 100 MW wind farm in Ethiopia representing a total investment of over $300 million.
- Work with EEPCO’s smart grid technology development plans by supplying 2 million smart meters in the next three years.
- Expand dVentus activities to additional 3 of the Power Africa Countries; in particular it will aim to provide access to (its advanced wind power technology) to small entrepreneurs in rural areas.
East African Power
East African Power (EAP) is an integrated renewable energy development and engineering company developing sustainable 1-50MW hydro and solar power projects. EAP is a long term, impact-oriented business developing projects in-house and providing other developers advisory, EPC and O&M services. While EAP primarily develops larger C&I and utility-scale projects, they are active in their empowering villages impact model to develop sustainable minigrids as nextgen utilities for electricity, water and data. The company is active in seven countries across sub-Saharan Africa and is a strong supporter of Power Africa's Women in Rwandan Energy (WIRE) Program.
Today, the world runs on critical infrastructure and technology. Planes. Hospitals. Factories. Data centers. Vehicles. The electrical grid. These are things people depend on every day. And the companies behind them depend on us to help solve some of the toughest power management challenges on the planet. At Eaton, we’re dedicated to improving people’s lives and the environment with power management technologies that are more reliable, efficient, safe and sustainable. We are a power management company made up of over 99,000 employees, doing business in more than 175 countries. Our energy-efficient products and services help our customers effectively manage electrical, hydraulic and mechanical power more reliably, efficiently, safely and sustainably. By giving people the tools to use power more efficiently. Helping companies do business more sustainably. And by encouraging each and every employee at Eaton to think differently about our business, our communities—and the positive impact we can have on the world.
eleQtra is an independent developer of clean energy projects, with a focus on privately-owned infrastructure and a pipeline of wind, solar, geothermal, and hydro projects. eleQtra has a successful track record since 2005 of originating, developing, bringing to financial close, and managing infrastructure projects in sub-Saharan Africa. It has four regional offices in Maputo, Kampala, Accra, and Lusaka.
Endeavor Energy Resources
Headquartered in Midland, TX Endeavor Energy Resources, LP employs over 1,300 valued associates as one of the city’s largest private employers. With over 35 years of experience in the Midland Basin Endeavor re-focused its development strategy in 2016 on a new horizontal drilling program. Relying on the strength and depth of its resources to execute a horizontal program Endeavor has reduced drill time, lowered LOE, and hit record production for the company. Uniquely positioned with the second largest land position in the Midland Basin, holding over 350,000 Net Acres in the Midland Basin, Endeavor has only scratched the surface of its drillable inventory. Focused exclusively on the Core 6 Midland Basin counties Endeavor has developed less than 2% of inventory. Holding in excess of 500,000 Net Acres with positions in basins outside of the Core 6, Endeavor has a drilling program for the next century. Vertically integrated by means of dedicated service companies Endeavor has exclusive access to resources at a lower than market cost.
The Endeavor Energy Services division provides trucking, roustabout, well service, wireline, vehicle maintenance and construction services to Endeavor. Endeavor’s commitment to its people, integration, and integrity is the bedrock for continued success. Poised for sustainable growth Endeavor will continue to execute a horizontal program with a world class land position and valued associates whose knowledge and expertise drive the success of this company.
Enel is a multinational energy company and one of the world’s leading integrated electricity and gas operators. We work in 34 countries across five continents, generating energy with a managed capacity of more than 90 GW, selling gas and distributing electricity across a network spanning approximately 2.2 million km. With almost 73 million end users around the world, we have the biggest customer base among our European competitors, and we are one of Europe’s leading energy companies by installed capacity and reported EBITDA. The Enel Group is made up of approximately 69,000 people from around the world whose brilliant work is based on our values of Responsibility, Innovation, Trust and Proactivity. Together we are working on the same goal. We are Open Power and our aim is to overcome some of the greatest challenges facing the world. This is to be achieved through a new approach which combines attention to sustainability with the best in innovation.
Energiya Global's mission is to bring solar energy to under-served populations in developing nations. We strive for a triple bottom line, delivering good financial returns to investors in addition to strong socio-economic and environmental returns in developing countries. Our principle focus is on Africa where there is both a compelling humanitarian case, with nearly 600 million lacking access to electricity, and a strong economic argument, based on the large number of countries dependent on expensive diesel fuel for electricity generation. Energiya Global is a service provider for Dutch-American solar developer Gigawatt Global, the company responsible for the completion of East Africa's first utility-scale solar field. The 8.5 MW solar project in Rwanda, which provides 6% of Rwanda's generation capacity was finished in September 2014, and is Power Africa's first green field project to reach interconnection.
Energy4Impact is a non-profit organization which supports access to energy through private sector development. With a headcount of more than 80, our primarily locally-based professionals advise entrepreneurs on business and project development, and access to commercial and concessional capital. We incubate and provide strategic, operational, technical, and financial support to early-stage energy businesses which employ technologies including energy efficient cookstoves and briquettes, solar lighting and home systems, biogas, and mini-grid electrification. We also publish selected market research, conduct market feasibility studies, and work closely alongside capital providers including equity investors, financial institutions and donors. Over the past 3 years, we have leveraged in excess of $38 million of donor funding to provide both grant capital and technical assistance to a wide range of energy businesses in Africa and Latin America. By 2016, we aim to have enabled new or improved access to reliable energy for 15 million people.
Energy Access Ventures
Energy Access Ventures (EAV), based in Nairobi, Kenya, is an investment fund focused on next-generation smart infrastructure companies throughout sub-Saharan Africa. EAV portfolio companies connect to their customers through a decentralized clean energy access value chain that includes pay-as-you-go solar home systems, commercial and industrial solar, metro-grids, clean-energy-enabled agriculture, and clean-energy enabled internet connectivity. EAV uses the Technical Assistance Fund exclusively for portfolio companies to enhance their financial, commercial, and impact performance.
ENGIE develops effective, innovative solutions for residential customers, cities and businesses by capitalizing on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE has 154,950 employees worldwide and registered a turnover of €69.9 billion in 2015. ENGIE has been present in Africa for 50 years, where it deploys its electricity, natural gas and services businesses. ENGIE has around 3,000 MW of centralised electric capacity in service and under construction. ENGIE is also developing decentralised electricity generation for isolated businesses and rural villages in order to achieve the global target of bringing electricity to 20 million people by 2020.
Equatorial Coca-Cola Bottling Company
Equatorial Coca-Cola Bottling Company (ECCBC) is a bottling partner of The Coca-Cola Company across 13 countries in North and West Africa where our teams produce, commercialize, and distribute the world’s most loved brands and a wide choice of high-quality beverages, including Coca-Cola, Fanta and Sprite. ECCBC has made ambitious ESG commitments that it aims to meet by 2030 in areas related to Packaging, Climate, Water, Communities, Sourcing and People. ECCBC plans to collaborate with the Power Africa Off-Grid Project to improve access to energy and refrigeration across sub-Saharan Africa.
Established in 2011, ESS Inc. manufactures low-cost, long-duration iron flow batteries for commercial and utility-scale energy storage applications requiring 4+ hours of flexible energy capacity. Our long-duration energy storage platforms, the Energy Warehouse™ (EW) and Energy Center™, use iron, salt, and water for the electrolyte, and deliver an environmentally safe, long-life energy storage solution for the world’s renewable energy infrastructure.
ESS technology uses non-corrosive, non-toxic chemistry that enables use of off-the-shelf materials. Its non-flammable composition eliminates costly fire suppression systems. Combined with an innovative cell design, ESS customers benefit from increased power density and reduced O&M cost over our platform’s 20+ year lifespan.
Founded in 2015, Everstrong Capital is a US-owned infrastructure asset manager with offices in the US, Kenya and South Africa. Everstrong aims to support development on the African continent to deliver critical infrastructure significantly improving the populations’ welfare. Everstrong believes the fundamental purpose of capital is to create long-term shareholder value. We focus on late-stage infrastructure development opportunities. We leverage our experience and networks to develop quality infrastructure across energy, transportation, communication, and water. Our ultimate goal is to assemble or expand predictable revenue generation from these essential infrastructure assets.
First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems using advanced module and system technology. Through determined innovation, we have achieved a significant milestone by delivering solar energy that is an economically attractive alternative to fossil-fuel sourced electricity. From module sales through turnkey power plant development, First Solar is a reliable, world-class partner for clean, renewable energy generation. With over 17GW of modules sold today, including close to 100MW in sub‐Saharan Africa, First Solar has a demonstrated history of financial stability and manufacturing success. First Solar modules are manufactured using less energy, water and semiconductor material, resulting in the best environmental profile in the industry. As a project partner, First Solar brings extensive expertise into how today’s PV power plants are developed, financed, designed, constructed and operated to maximize profitability for our customers and strategic partners.
Fortescue Future Industries
Fortescue Future Industries (FFI) is leading the green industrial revolution, developing technology solutions for hard-to-decarbonise industries, while building a global portfolio of renewable green hydrogen and green ammonia projects. FFI is also leading the global effort to help decarbonise hard-to-abate sectors and is developing and acquiring the technology and energy supply to help decarbonise the iron operations of one of the world’s largest producers of iron ore by 2030 (Scope 1 and 2) – our parent company Fortescue Metals Group (ASX FMG).
GEI Power Ltd. is a privately-owned energy company in Zambia that is engaged in developing and investing in scalable and sustainable on-grid and off-grid renewable energy projects in sub-Saharan Africa. They work in energy generation, transmission, and distribution, with a focus on green hydrogen, solar PV, and wind. They are also involved in distributing clean cooking stove solutions that use methanol fuel as an alternative to charcoal, in an effort to mitigate deforestation.
General Electric (GE) is a global leader in infrastructure technology, services and solutions. GE's business in Africa focuses on power, oil and gas, transportation, aviation and health care.
In support of Power Africa, GE is committed to work with Governments and private partners to help bring online about 5 GW of new, affordable energy in Nigeria, Ghana, Kenya, and Tanzania. GE intends to provide technology based on a variety of fuel sources as appropriate for each project, including solar, wind and natural gas, to deliver the power, and support partners in arranging financing for these projects.
GG Energy Holdings
GG Energy Holdings is forging innovative, sustainable energy investments with a focus on grid parity and direct private market purchase agreements with customers. GGEH leverages an extensive network of private partnerships in the target countries to develop, finance, construct and operate sustainable energy power facilities utilizing solar PV, wind, geo-thermal, bio-mass as well as natural gas technologies.
- Over the next five years, as part of its commitment to the Power Africa Initiative, GGEH intends to invest approximately $550 million in sustainable energy projects. These projects are expected to increase the quantity of power available to over 150,000 households and businesses with an estimated 325 MW.
- 150MW of distributed solar PV power plants in Tanzania, representing total investment of $200 million;
- $150 million over the next five years to enable the installation of nearly 75 MW of solar PV and bio-mass power facilities to power industrial and mining production facilities in Ghana, Kenya and Tanzania;
- In partnership with agri-processing centers, approximately $200 million to construct at least 100MW of sustainable energy logistical centers in the target countries. These power stations will not only provide electricity they will help improve the business opportunities for hundreds of farmers in the target countries.
Gigawatt Global is the successful developer of East Africa's first utility-scale solar field, an 8.5 MW project on the grounds of the Agahozo-Shalom Youth Village near Kigali, Rwanda. Having recently celebrated the one-year anniversary of the field's completion and interconnection, GWG is proud to be supplying electricity to 15,000 homes, contribution a significant boost to Rwanda's economic development. Gigawatt Global is pursuing similar solar projects in Burundi and South Sudan. In addition, the company has a robust pipeline of solar projects throughout sub-Saharan Africa.
Global Communities is an international non-profit organization registered in the United States of America as a 501 (c) (3) that was incorporated in 1952 as the Cooperative Housing Foundation. It currently has operations in 25 countries, and its mission is to create long-lasting, positive and community-led change that improves the lives and livelihoods of vulnerable people across the globe. Central to all of our work is community mobilization and engagement with government and the private sector to enable increased access to services, such as water, hygiene, health care, or energy and to opportunities for income generation. In Sub-Saharan Africa, Global Communities works with communities in Liberia, Ghana, Kenya, Malawi, Rwanda, South Sudan, Tanzania, and Uganda.
For the period 2018-2020, Global Communities’ commitment aims:
- To leverage approximately $1,000,000 in micro-finance lending directly tied to electrification projects in under-served markets;
- To facilitate approximately 250,000 connections (reaching about 1.5 million beneficiaries) by engaging communities through the Participatory Action for Community Enhancement (PACE) methodology;
- To leverage about $60,000,000 of field operation costs to improve future consumers understanding and uptake of power consumption;
- To partner with 25 energy developers in 832 communities across seven countries (Ghana, Rwanda, Liberia, Kenya, Tanzania, Malawi, Uganda); and
- In partnership with energy developers, $557,000,000 in power sector investments will be de-risked and strengthened through implementation of community engagement activities.
Global Off-Grid Lighting Association
Global Off-Grid Lighting Association (GOGLA) has been established to act as the industry advocate with a focus on small and medium enterprises. It is a neutral, independent, not-for-profit association created to promote lighting solutions that benefit society and businesses in developing and emerging markets. GOGLA will support industry in the market penetration of clean, quality alternative lighting systems. Formed in 2012 as public-private initiative, GOGLA was conceived out of the joint World Bank/IFC effort to provide a sustainable exit strategy for Lighting Africa initiative.
Globeleq is focused on providing reliable power to the emerging markets of Africa and Central America. The company develops economically sustainable businesses that support the continued development of the electric power sector in these regions and actively participates in the communities in which it operates.
Since the company’s launch in 2002, it has participated in nearly 14,000 MWs in 27 countries, investing more than US$1.3 billion of equity across 44 different power projects. The company is committed to growing its asset-base by continuing to invest substantial capital to enhance performance of its existing assets and develop new power generation projects.
Goldman Sachs is a leader in the global financial services sector, and has committed to provide strategic advice to the Power Africa initiative.
- By leveraging its expertise in financing and investment, Goldman Sachs will assist the U.S. government and other partners in developing and implementing innovative and sound approaches to unlocking key constraints in the financing of energy projects in the region.
Gray Ghost Ventures
Gray Ghost Ventures is a pioneer of the global impact investing movement and continues to be a vanguard in furthering its expansion according to the vision of it's founder, Bob Pattillo. With the establishment of Gray Ghost Microfinance Fund in 2003, GGV became one of the earliest private investors in microfinance, whose purpose is to eliminate poverty and strengthen communities through investments in small-and-micro businesses in the developing world.
GreenCo Power Services Limited (GPSL)
GreenCo Power Services Limited (GPSL) is a for-profit company started by Africa GreenCo, and sharing its vision to innovation and sustainably transform renewable energy markets in Africa. With expertise in the Southern Africa energy sector, GPSL seeks to develop a portfolio to address creditworthiness to increase generation and growth of renewable energy markets through partnerships and innovative solutions.
GreenMax Capital Advisors
GreenMax Capital Advisors is a leading transaction advisor focused solely on the clean energy space. At present, GreenMax’s presence in Africa includes Kenya, Tanzania, Uganda, Rwanda, Burundi, Ethiopia, Zambia, Nigeria, Ghana, Senegal, Benin, Niger, Cameroon and Burkina Faso, with plans to expand operations to other African countries. In support of Power Africa, GreenMax Capital Advisors intends to:
- Focus its transaction advisory services to catalyze over $1.6 billion in investment for our existing book of project developer clients, seeking to implement more than 1,000MW in new power generation capacity over the next five years, primarily in Nigeria, Kenya, Ghana, Rwanda and Benin;
- Double its book of transaction advisory clients in Africa to support raising capital for an additional 2,000MW of clean power generation development for new clients over the next five years; and
- Raise a $20-50 million fund to invest in the early stage development of clean energy projects in Africa.
GreenWish is a renewable energy producer dedicated to providing reliable, clean and affordable energy to people and businesses across Sub-Saharan Africa. As part of our commitment to the Power Africa initiative, GreenWish has the ambition to develop, finance, build and operate a diversified portfolio of 600 MW of renewable energy assets by 2020, thus providing access to clean power for more than 6 million people.
GreenWish is active across the full scope of renewable energy solutions:
- On-grid solar and wind power plants
- Captive solutions for large energy consumers such as industries and mines
- Distributed energy solutions powering portfolios of telecom towers
- Rural electrification using innovative business models focused on empowering local communities
With offices in France, Ireland, Senegal, Cote d’Ivoire and Nigeria, and $270 million equity investment capacity from African and international investors including the Private Equity firm Denham Capital, GreenWish is a true pioneer of renewable energy in Africa, with an emphasis on ensuring the inclusiveness and sustainability of our projects and creating value for all stakeholders including local communities, public stakeholders, private partners and the environment.
Gridworks develops and invests in critical power infrastructure in Africa, both on and off-grid. Backed by an initial commitment of $325 million from CDC Group (the UK Government’s Development Finance Institution), Gridworks principally targets long-term equity investments in transmission, distribution and off-grid electricity networks.
A partner to governments, utilities, and companies in the power sector, Gridworks will support Power Africa's objectives by developing and investing in projects that fall within its mandate.
Harith General Partners
Harith General Partners (Pty) Ltd. is a specialist Pan-African infrastructure private equity fund manager based in South Africa. The firm manages the Pan African Infrastructure Development Fund (PAIDF1), a $630 million fund that has invested just under $600 million on infrastructure across Africa. Harith is in the midst of raising its second fund, the Pan-African Infrastructure Development Fund 2 ("PAIDF2") and over the next five years, as part of its commitment to the Power Africa Initiative, Harith plans to:
- Advance the Power Africa goal of providing access to clean, reliable energy in East Africa by investing roughly $70 million in equity finance into the Lake Turkana Wind Power project, a wind farm in Kenya that is poised to provide 300 MW of clean power to the country's national electricity grid by taking advantage of a unique wind resource in Northwest Kenya near Lake Turkana;
- Inject over $500 million in equity finance into the African power sector and increase access to electricity in Power Africa countries with potential investments in projects such as Azura Power (Nigeria) and the Singida Wind Farm (Tanzania); and
- Provide the additional benefits of: reinforcing the demonstration effect of investing in innovative clean energy technology across Africa, creating approximately 70,000 direct and indirect jobs, and providing strong sector leadership and expertise.
These planned activities are expected to increase the quantity of power available to approximately 14,000 MWs and directly benefit 63 million households and businesses.
Havenhill Synergy Limited is a clean-tech utility company committed to improving energy access by using solar energy to generate clean, safe, cost-effective and sustainable electricity in rural and urban Nigeria. In 2010, Havenhill started with the sole mission of providing power backup solutions to households and small businesses across the country. In 2016, we expanded its scope with a focus on rural communities and a renewed commitment to actively promote the use of renewable sources in improving energy access to the off-grid population.
In rural areas, Havenhill deploys smart solar mini-grids to commercially viable off-grid rural communities. In urban areas, Havenhill helps businesses (like factories, large farms etc.) reduce their energy cost and provide them with more reliable energy access through our Commercial & Industrial (C&I) solar offering.
Havenhill is currently pioneering a new structure for powering healthcare facilities through the electrification of 23 healthcare facilities under its Energizing Healthcare Initiative in partnership with USAIDs’ Power Africa Off-Grid Project (PAOP) and United States African Development Foundation (USADF).
Hecate Energy develops power projects throughout planning, inception, construction and operations. The Hecate team has developed tens of thousands of megawatts of solar, natural gas, coal, hydro, wind, and biomass power plants. Hecate established Hecate Energy Africa LLC to actively pursue initial power project development efforts in Tanzania and Kenya. Over the next several years, as part of its commitment to the Power Africa Initiative, Hecate Energy intends to:
- Complete a 50 MW PV solar project selling wholesale power in Tanzania's capital city of Dodoma. Further, Hecate Energy intends to expand this effort to include several other PV solar projects with a goal of reaching 400 MW in PV solar projects installed over the next five years. The total investment for this effort will be approximately $800 million.
- Implement advanced undergraduate and graduate curricula in collaboration with first-tier U.S. research universities, as well as bring distance learning and offer vocational training centered around renewable energy to universities and technical schools in Tanzania. Hecate Energy has partnered with Tanzania's two premier institutes of higher learning: The University of Dodoma (UDOM) and the Nelson Mandela African Institute of Science and Technology.
- As part of its commitment to education and human capital growth, Hecate Energy intends to construct a 2 MW PV solar farm to serve UDOM's Medical Diagnostics Building and a 1 MW PV solar array to serve student housing at prices below current retail rates.
- Bring new PV solar projects to Kenya, and is currently assessing a 20 MW project in support of that effort which would result in a capital investment of approximately $80 million.
- Expand its activities to additional Power Africa countries and position itself as a leader in efforts to bring clean, reliable electricity to neighboring countries as well.
- These planned activities are aligned with the goals of the Power Africa Initiative to increase access to clean, reliable power in Africa, and are expected to increase the quantity of power available to Tanzania by up to 400 MW, and to provide a template for thousands of additional MW throughout the continent.
Heirs Holdings is an African investment company that invests proprietary capital for the long term in the most promising sectors on the continent that have a significant economic development impact, including financial services, healthcare, infrastructure, real estate and hospitality, agriculture, energy, and oil and gas.
- In partnership with Power Africa, Heirs Holdings will, directly and through its investee, Transnational Corporation of Nigeria Plc, invest US$2.5 billion in energy over the next five years, generating an additional 2,000 MW of power capacity in the region.
Established more than a decade ago, Helios is a multi-national firm with a successful track-record of infrastructure project capital investment, mostly in sub-Saharan Africa. Whilst based out of London, offices in Nairobi and Lagos ensure they have significant presence in the very commercial markets into which they are investing.
Husk Power Systems
Husk Power Systems provides end-to-end renewable energy solution by installing, operating 25-100 kW "mini power-plants" and wiring villages that deliver electricity as a "pay-for-use" service to villages. HPS has created a feedstock agnostic proprietary technology that cost-effectively converts biomass waste (e.g. rice husk, mustard husk / stem, corn cob, etc) into electricity. HPS has been operating for four years, maintains power plant's uptime of over 93% and has successfully installed 90 power plants that power over 325 villages. HPS now has its footprint in India, Nepal, Uganda and Tanzania.
- To advance the Power Africa goal of providing access to clean, reliable energy in East Africa, HPS seeks to complete installation of decentralized 200 biomass based mini-power plants in Tanzania. These mini power plants can light 60,000 households (325,000 users) at an affordable price. Installations of these power plants represent total investment of $15 million.
- HPS aims to catalyze US$ 50 million in investment for energy projects in Power Africa countries over the next five years, which will increase access to electricity to one million users in these countries.
- HPS aims to provide Power Africa countries with access to its proprietary biomass based technology, expertise in providing renewable and affordable power in difficult to operate rural areas.
- HPS plans to franchise its business and provide equipment and training to three hundred entrepreneurs who can then run these mini-power plants and generate a livelihood for themselves and their families.
- These planned activities are expected to increase the quantity of power available to over one million people by 50 MWs. These investments could directly benefit 250,000 households and 5,000 small businesses.
Hydromine is an American sustainable energy company with a multinational team in offices betwen New York and Yaoundé. Hydromine’s mission is to empower global development and sustainability by pursuing energy solutions to improve lives and the environment worldwide. Hydromine’s core business is to develop, finance, and own power assets from conception through operation, with an active development pipeline exceeding 1,000 MW. Its focus is on underserved markets such as Africa and baseload clean energy, namely hydropower.
Hydromine’s team has extensive global energy sector experience, especially in Africa and hydropower, in the development, construction, and operation of utility-scale power plants, with collective transaction track record of multiple gigawatts in capacity and billions of dollars in value. Hydromine is dedicated to social engagement and environmental stewardship with host communities and governments. The company is committed to upholding international sustainability and transparency standards as a responsible local stakeholder.
IAP Worldwide Services (IAP)
IAP Worldwide Services (IAP) is a leading provider of global-scale logistics, facilities management, and advanced professional and technical services. IAP works with government, industrial and commercial customers to solve power infrastructure needs and to bring electricity from the source to homes and businesses. IAP specializes in the areas of power systems program/project consulting and feasibility studies, turnkey engineering, procurement and construction (EPC), asset management, operations and maintenance (O&M) and, fuel management. IAP, in conjunction with its teaming partners, will endeavor to install hundreds of megawatts of power and power systems in Africa over the next ten years that could quickly exceed 500MW. These efforts would focus on:
- Providing temporary and bridge power solutions to address capacity constraints in the most rapid and economic manner possible using nature gas and other available fuels to power turbine and engine driven generators and also upgrading transmission and distribution infrastructure.
- Developing, installing, operating and maintaining permanent clean burning natural gas power plants using the latest technology to address the long term capacity constraints in the target countries.
- Installing, operating and maintaining megawatts of permanent power generation capacity utilizing American solar PV technology with the highest efficiency and durability in the industry and solar CSP technology. Other renewable power solutions such as wind, combined heat and power, desalination, and waste to energy projects can also be evaluated by IAP.
Industry Capital is a San Francisco-based private equity firm focused on investing in real assets. The firm was founded in 2003. IC is one of the few financial sponsors with a dedicated alternative energy platform and is able to play across the development value chain, from finance to actual project development and portfolio management. Over the next five years, IC and its partners intend to drive investment of over $1.5 billion dollars working with developers across multiple sectors in alternative energy in Nigeria. These investments will be centered primarily on utility scale solar projects - an IC affiliate has a 500MW pipeline of such projects; smart metering services for the recently privatized distribution companies and clean energy production by harnessing flared gas in the Niger Delta region.
Inergy Holdings, LLC is a US-based, cleantech company that develops next-generation Solar Home Systems, providing large amounts of reliable, renewable power to energy poor environments. Their projects extend across sub-Saharan Africa, including powering an orphanage in Ghana and a middle school in Liberia. They are planning to expand their off-grid efforts to Ghana, Nigeria, Mali, and Kenya, supporting NGO and government projects focused on off-grid rural and peri-urban Solar Home Systems and productive uses.
InfraCredit provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria. This entity is necessary because long-term capital required by infrastructure entities/projects to be commercially successful is not available from the domestic banking market. InfraCredit’s guarantees would act as a catalyst to attract the investment interest from pension funds, insurance firms and other long term investors, thereby deepening the Nigerian debt capital markets. Its successful operation will address the constraints facing the Nigerian pension market and motivate their involvement in investing in long term bonds to finance infrastructure assets.
Interlink Capital Strategies
Interlink Capital Strategies (“ICS”) is a Washington DC-based management consulting firm specializing in finance and business development. Our managers are experts in project financing, trade finance, structured financing, business development and marketing with a Washington insider’s expertise on how to access government supported funding for transactions. We have successfully arranged billions of dollars of financing to structure transactions worldwide. ICS concentrates on supporting the development of both large-scale sales opportunities and entire projects in emerging markets. Because commercial financial markets alone are frequently unable to support sales and direct investment in these areas without government involvement, ICS provides critical financial advisory services to mobilize this type of financing. Our firm frequently assists its clients use official (e.g., U.S. federal, multi-lateral and bi-lateral government agencies) programs and non-profit sources alone or in tandem with the full range of commercial financial institution debt and equity products to structure the most cost-effective funding solutions.
- ICS support for Power Africa will be led by its’ current Vice Chairman, former OPIC CEO, Peter Watson. ICS is currently supporting mid-sized LNG, electrical distribution, and other energy projects in Ghana, Tanzania, South Africa and the Region.
- Through its affiliate ExWorks Capital, an U.S. ExIm Bank and SBA approved export finance lender, and trading company, ICS offers structured and trade finance solutions for small and medium-sized businesses; including working capital loans for U.S. exporters, term financing to foreign buyers of U.S. capital equipment, and acting as a trading company when needed. ExWorks Capital is headed by John McAdams, former Vice-Chairman and COO of the U.S. Export-Import Bank.
- ICS, through its affiliate, is working in partnership with one of the premier African banking groups to provide access to $200 million in trade finance for African businesses to buy goods made in the U.S.
Investec is an international specialist bank and asset manager that provides a diverse range of financial products and services to its client base. Investec’s Power and Infrastructure Finance team is made up of more than 50 professionals, in Africa and across the globe, who have participated in a number of power-related transactions in a variety of capacities, including advising project sponsors, arranging project debt and making equity investments for its own account. To date, Investec has supported an existing portfolio of power projects of nearly USD 2 billion, representing an installed capacity of 3,270 MW in Africa. As part of its commitment to Power Africa, Investec intends to:
- Build on our experience in the African Power sector by continuing to advise on, structure, arrange, underwrite and invest in projects in the Power Africa focus countries;
- Assist in the formation of consortia to bid on, develop, construct, and operate power generation and transmission infrastructure in Power Africa countries; and
- Provide input to government and other policymakers on the key regulatory and contractual arrangements necessary to support the growth of a private power sector.
Invested Development (ID) is an impact investment fund manager focused on risk capital investments in seed to early stage startups enabling remote connectivity, precision agriculture, and distributed energy in underserved markets.
Based in Houston, Texas, IPP Global is a clean and green energy company that focuses on building small to mid-scale LNG plants that can be installed at gas sources to produce LNG. Their project design includes a floating storage, regasification and utilization unit (FSRU) that will be the first entry point of LNG not only for South Africa, but also the entire Southern Cone.
IPP Global plans to work on small-scale LNG manufacturing plants that will make LNG available for new natural gas fueled power plants and converted power plants. IPP Global also focuses on the harnessing of renewable energy by deploying wind turbines both onshore and offshore for the generation of clean and sustainable energy, as well as solar farms accompanied by energy storage where required.
Itron Inc. is a global technology company headquartered in Washington State. Itron focuses on electricity, gas, water, and thermal energy measurement devices, control technology, communication systems, software, and management services. Its portfolio includes smart networks, software services, meters, and sensors, with a focus on advanced metering technology. Itron is one of the largest US firms exporting equipment to African energy markets in the distribution space. Itron has relationships with major utilities in Africa and has been active throughout the continent for over 40 years. Examples of projects that Itron has successfully completed include major projects in South Africa, Algeria, Kenya, Tanzania, Burundi, and Mali.
Through the delivery of reliable, cost-effective, clean energy into Emerging Markets, Jabil Energy strives to reduce energy poverty, improve access to energy and uplift communities whilst protecting the environment. Jabil Energy engineers, procures and constructs fully-integrated, turnkey distributed energy solutions including grid-connected power plants and microgrids for commercial, industrial and utility scale clients across Africa.
Jabil Energy is proud to be associated with and to partner with Power Africa in its shared goal of increasing access to clean, reliable power in Africa.
JCM Capital is a private equity firm that focuses on the development of clean power projects that have a positive social, environmental and economic impact. JCM is currently developing a multi-billion dollar clean power portfolio that includes both utility-sized solar projects in emerging markets, with a focus in Africa and Latin America, and high voltage transmission projects in North and South America.
JCM is the general partner and manager of several private funds that invest in generation and distribution energy infrastructure assets. JCM currently has over 400MW of solar PV projects under development, as well as two 1000MW HVDC transmission lines, totaling approximately USD $4.5 billion in capital expenditure. JCM’s infrastructure division invests long-term equity in projects developed internally as well as those sourced from third parties.
Founded in 2009, JCM has completed more than 70 projects representing USD $120 million in construction and long-term equity. JCM’s management team has over 50 years of combined broad energy experience. Headquartered in Toronto, JCM has offices in Mexico City and Cape Town, South Africa.
Joule Africa is engaged in the development and operation of renewable energy projects in Africa with offices in London, Freetown, Yaounde and Port Louis. Joule Africa is currently focused on two power projects which are expected to deliver over 600 MW of power capacity. Joule Africa works closely with all of its stakeholders to create infrastructure assets that will generate long-term, sustainable value. As part of its commitment to Power Africa, Joule Africa intends to continue to develop and invest in sustainable power projects that provide affordable, reliable, electricity to those countries which need it most: a fundamental factor in any country’s ability to achieve significant economic growth.
Khosla Impact's mission is to assist great entrepreneurs developing products and services that improve human productivity for the three billion people in the bottom half of the world economy. We invest in world-class entrepreneurs who are passionate about solving challenging socio-economic problems through careful application of science, technology, design and distribution, or through creative business models. We believe in experimentation and encourage this approach among our entrepreneurs. We evaluate a wide range of opportunities but are primarily focused on for-profit enterprises serving people in the bottom half of the world economy: low-income laborers, farmers and families, as well as small businesses in emerging markets.
Kiva is the world's first and largest crowdfunding platform for social good with a mission to connect people through lending to alleviate poverty. With as little as a $25 loan, anyone can help a borrower start or grow a business, go to school, access clean energy and realize their potential. Since 2005, Kiva and their growing global community of 1.2 million lenders have crowdfunded more than $575 million in microloans to over 1.3 million entrepreneurs in 75 countries, with a 98% repayment rate.
KMR Infrastructure supplies renewable power from biomass and other renewable technologies to community mini-grids, mining sites, telecom towers, and more. The company's growing pipeline of projects addresses distributed power needs in remote locations across a portfolio of emerging and frontier markets. KMRI currently operates in Tanzania and seeks to quickly expand into Ghana, Kenya, Malawi, Namibia, Nigeria, and Uganda.
- To advance the Power Africa goal of providing access to clean, reliable energy in East Africa, KMRI, in partnership with its joint venture partner in Tanzania, Symbion Power, seeks to complete in the next 18 months the Kigoma Project - a 4 MW biomass power plant - and the Tunduru Project - a 1 MW biomass power plant - representing total investment of $17.6 million in the country.
- Also in Tanzania, Symbion-KMRI seeks to develop a further 15 MW of renewable energy projects over the next 24 to 36 months, amounting to a minimum $50 million investment.
- KMRI also intends to expand its activities three additional Power Africa Countries; specifically, it aims to develop 15 MW of biomass installations in Ghana, 5MW of renewable projects in Kenya, and 10 MW in Nigeria.
Konexa is a Pan-African Integrated Utility platform that partners with governments and utilities to deliver their vision of 24/7 power for everyone in the country. It deploys long term capital to make grid investments, integrates off grid technologies, installs embedded and distributed generation storage capacity, and uses cutting edge information, operations and communication technology across its platform. Through this model it can help utilities across Africa reduce their losses, serve all customer segments, from large industrial clients to harder to reach rural communities with reliable and affordable power, increase the penetration of renewable generation and get them into a circle for growth where they can cover their own capital and operational costs.
LEMA is a USA based technology company that designs sustainable consumer products. The LEMA product line contains a collection of solar based kits designed for home, industrial and micro-grid utility applications. The products are designed to offer profitable solutions to counter the high cost of drinking water, running water and electricity in off-grid locations around the globe. LEMA intends to support Power Africa's goals by investing in renewable power projects and solar community systems in Kenya and Uganda.
LEARN MORE about Power Africa's visit to LEMA in January 2020
LGT Venture Philanthropy
LGT Venture Philanthropy (LGT VP) is an impact investor supporting organizations with outstanding social and environmental impact. Our local teams in six world regions strive to increase the sustainable quality of life of less advantaged people by inspiring clients for active philanthropy, providing individualized philanthropic advice and investment implementation. By applying private equity/ venture capital principles we help our portfolio organizations to grow and scale their impact with tailored financing, management know-how and relevant networks. LGT VP is currently managing 29 organizations. Through these engagements LGT VP has invested more than USD 19m to improve the sustainable quality of life of over four million less advantaged people since inception in 2007. Our broad range of individual and institutional clients benefits from our experience, systems, processes and networks built by implementing the philanthropic engagement of LGT VP's founder: the Princely Family of Liechtenstein/LGT Group.
Liberian Energy Network
Since 2010, Liberian Energy Network (LEN) has been using a shared value approach to achieve a rapid deployment of solar energy in Liberia. LEN's business model is built upon high volume low margin sales to customers at the Base of the Pyramid. In addition to working with individuals and the Liberian government, LEN is building a network of civil society organizations which are operating successfully throughout Liberia. While structured as a non-profit corporation in Liberia and the US, LEN acts like a for-profit business, selling small scale solar lights and phone chargers approved by the World Bank Lighting Africa program at a price point to cover its costs, allowing LEN to push as much value as possible into the hands of Liberians.
Little Sun designs and delivers affordable clean energy in Africa and inspires people to take climate action globally. The contemporary artist Olafur Eliasson, together with solar engineer Frederik Ottesen, founded Little Sun in 2012. Today, Little Sun integrates creative design with solar technology and entrepreneurship to improve the well-being of vulnerable communities. To date, Little Sun has distributed over 1 million personal solar devices worldwide, primarily to students, refugees, teachers and community health workers in areas without electricity.
Nova Lumos Netherlands Holding BV (Lumos) is the world’s leading distributed utility provider, bringing clean, affordable and reliable electricity to 1.3 billion people living off the grid. Lumos removes old barriers and brings modern energy into off-grid homes and small businesses around the world, by providing solar power through an innovative financing plan. Lumos connects the dots between the mobile payment revolution and solar energy. Through partnerships with mobile operators, Lumos provides electricity on a lease to own bases, purchased via the mobile phone.
M-KOPA is the world's leading 'pay-as-you-go' energy provider to off grid homes. The company has been supported by Power Africa in developing a better way to provide affordable, safe and clean energy to billions of people living off the grid. Thanks to the sun's rays and mobile technology, 300,000 low income homes in Africa now have lights, radio and phone charging. They have all this at the flick of a switch and for less than they used to spend on kerosene.
M-KOPA has won awards for technology and excellence at the 2013 FT/IFC Sustainable Finance Awards. It was awarded a Bloomberg New Energy Finance Award 2014. M-KOPA was recognised as being a game changer in clean energy technology in the 2014 Global Cleantech 100 List and was the winner of the SME category in the 2015 Zayed Future Energy Prize.
Manitoba Hydro International Ltd.
Manitoba Hydro International Ltd. (MHI) provides innovative services and solutions to customers in the energy and telecommunications sectors around the world. As a subsidiary of a renowned Canadian energy utility, Manitoba Hydro, MHI offers clients over a century’s worth of best practice experience. Leveraging its international experience and the parent utility’s methods and technologies, MHI offers sustainable results and superior value to clients.
Working in Africa for over 30 years, MHI is dedicated to creating lasting relationships and collaborating closely with clients to suit their specific needs and achieve their desired outcomes.
- Training and capacity building;
- Transmission line design, modelling, and analysis;
- Telecommunication services: data networking, carrier Internet, and collocation;
- Engineering consulting in generation, transmission, distribution, and HVDC;
- Utility management;
- Consulting and advisory services;
- High voltage construction, maintenance, and testing;
- Integration, feasibility, and power system studies;
- Project and contract management;
- Energy monitoring and management.
Marubeni is one of the leading Japanese trading and investment houses in Japan and operates a number of business units that work in African Energy markets. Marubeni serves as an IPP Developer, an EPC contractor, an operations and maintenance service provider, and off-grid investor. Marubeni's wholly-owned US subsidiary, PIC Group, provides O&M services for power plant customers and is working to increase its market share in cleaner natural gas-fired projects and renewable energy throughout the African continent.
Milele Energy is an independent power-generation company investing in energy to strengthen communities in sub-Saharan Africa. Milele's vision is to provide clean, cost-effective electricity through investments in new sources of reliable energy. Milele—meaning “forever” in Swahili—invests in developing, owning and operating solar, wind, geothermal, hydroelectric as well as conventional power-generation facilities required to create a reliable supply of electricity. Milele intends to support the objectives of Power Africa by developing, financing, owning, and operating up to 2,000 MWs of energy generation, through investing $200 million - $400 million of equity investment. Initial countries of focus include Kenya, Sierra Leone and Ghana.
Milhouse Engineering & Construction, Inc
Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses together with its offices and subsidiaries in approximately 90 countries and regions worldwide, as well as a global network of around 1,500 group companies. Mitsubishi Corporation has arranged its business into 10 business groups that operate across virtually every industry: Natural Gas, Industrial Materials, Petroleum & Chemicals, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solutions and Urban Development. In the context of African energy markets, and within the framework of Official Development Assistance projects funded mainly by the Japan International Cooperation Agency, Mitsubishi Corporation is interested in supporting the objectives of Power Africa by constructing 226 megawatts of energy generation in the Democratic Republic of Congo, Malawi, Mozambique, and Tanzania.
Founded in 1968, MODEC is a General Contractor specializing in engineering, procurement, construction and installation of floating production systems. MODEC also provides operation and maintenance services around the world for these types of assets. MODEC has some 3,500 employees with citizenship from more than 25& countries. MODEC has designed and built 42 Floating Production and Storage solutions for the Oil & Gas Industry in the last 30 years and currently owns and operates 18 Floating Production Storage and Offloading (FPSO)and Floating Storage and Offloading (FSO) systems world-wide.
Starting in 2015 MODEC commenced development of Floating Water and Power Solutions. MODEC currently operates 1,500 MW of Power Generation as well as water treatment equipment that processes roughly 330,000 m³ /day of seawater (industrial and potable). MODEC’s “Water & Power” solutions are referred to as Floating Storage Regasification Water and Power solutions (FSRWP™) and are available in multiple pre-designed sizes and configurations. The FSRWP™ solution differs from Power Barges and Power Ships in that MODEC has chosen to use:
- LNG (Liquefied Natural Gas) as the fuel which is cleaner burning and far less harmful to the environment (than Coal or Oil),
- Combined-Cycle Gas-Turbine Power Plants which are more efficient and use less fuel than simple cycle systems.
FSR-Power™ solutions can provide supplementary power for intermittently producing Wind and Solar plants (Hybrid Power Plants).
Monetizing Gas Africa
Monetizing Gas Africa (MGA) is an investor, developer, and operator of gas infrastructure focused on sub-Saharan Africa. MGA maximizes the commercial availability of natural gas by increasing infrastructure in sub-Saharan Africa. Specifically, MGA helps 1) unlock the vast supply of gas reserves; 2) meet growing demand for cleaner energy and feed-stocks; and 3) direct capital to build infrastructure in Africa connecting suppliers to consumers. MGA links gas markets by investing in infrastructure: African gas to African and global markets, and global gas to African markets.
Founded by John Morganti in 1916, Morganti has continuously provided high quality construction and project management, design/build and general contracting services for road building, shopping centers, high end residential, shopping centers and educational facilities. Morganti was acquired in 1988 by Consolidated Contractors Company (CCC) of Athens Greece which enabled Morganti to expand its geographic presence and service offerings to include airports, utilities, transportation federal and military construction. CCC, founded in 1952, is an internationally diversified construction company with projects in over forty two countries across five continents. The Morganti/CCC global footprint includes Botswana, Equatorial Africa, Ethiopia, Guinea, Libya, Mauritania, Mozambique, Namibia, Nigeria, Senegal, Tanzania and Sudan. As part of their commitment to Power Africa, Morganti/CCC aspires to expand its projects in Africa to include the following areas:
- Renewable energy projects utilizing the most efficient resources and methods
- Solar energy projects especially targeted to small entrepreneurs in rural areas
- Wind energy projects that can be cost effective, viable and provide the maximum amount of power and electricity to Sub-Saharan Africa
- Providing technical expertise, training, and other assistance as needed to the in-country citizens
- Utilizing our existing African footprint and potential partners Morganti/CCC hopes to participate in an increase of 200 MW of added power capacity
A major business organization operating in Greece and internationally, MYTILINEOS is active in the EPC and construction sectors through METKA, in the Metallurgy and Mining sector through Aluminium of Greece, in the Energy sector through Protergia and in Renewables and Storage Development through METKA EGN with a turnover (2019) over € 2.2 billion and more than 3.380 employees.
The Company’s strong international presence in all five continents establishes it as a global leader, as its exports to markets abroad account for more than 2% of total Greek exports, benefiting significantly the national economy and conveying a strong message to international investors for its commitment to continuous growth.
True to its business strategy and to its vision for continuous evolution and development followed for more than three decades, MYTILINEOS today stands out for its unique and modern employment model, its active social profile, the innovative mechanisms it adopts for business growth, its strategic investments in state of the art solutions for the upgrading of its operations, and the successful consolidation of its presence in global markets.
At the same time, as a responsible corporate citizen, it constantly pursues continuous business excellence and the adoption of best practices, balancing business growth with social responsibility and the protection of the environment. For MYTILINEOS, Sustainable Development is synonymous to seeking business excellence with dedication to its vision and with respect for society, the environment, its people and its shareholders. The Company’s sustainability policy is founded on the harmonious coexistence of its business activities with the needs of the local communities where its operations are based. In this framework, MYTILINEOS is actively supporting major initiatives based on the global sustainability goals established by the United Nations.
Founded in 2009, Natel Energy’s mission is to expedite the energy transition with modern hydropower that supports biodiversity and healthy rivers motivated by the fact that climate change is water change. Natel accomplishes this through a combination of hardware, software and project development. Their hardware solutions are fish-safe, compact, high-performance turbines ranging from 30 kW to 3 MW, that produce reliable, renewable energy while protecting or enhancing watershed ecosystems. Their software services combine satellite data and advanced machine learning techniques to provide more accurate, timely and efficient solutions for forecasting water resources and monitoring landscape change at the watershed scale.
National Rural Electric Cooperative Association
National Rural Electric Cooperative Association is the national service organization for more than 900 not-for-profit rural electric cooperatives and public power districts providing retail electric service to more than 42 million consumers in 47 states and whose retail sales account for approximately 12 percent of total electricity sales in the United States. Over its fifty year history of contributing to global rural economic development, NRECA has supported programs to increase access to electric power by establishing, training and providing technical assistance to electrification agencies to promote sound electrification investments, and by creating and improving the capacity of electric service providers to operate and maintain power systems despite the challenges faced in rural areas. In recognition of its long history of designing and implementing highly successful electrification programs, NRECA commits to the following in support of Power Africa:
- NRECA will integrate Power Africa program initiatives into existing operations in participating countries in East and West Africa, and will share information and resources with the Power Africa management team as may be desired and needed.
- NRECA will provide assistance through utility management, operation and maintenance expertise, on a volunteer basis, through the NRECA International Foundation drawing from the NRECA membership of over 900 NRECA member cooperatives operating distribution, generation, and transmission lines.
- NRECA will also provide donations of utility line vehicles, electric power equipment, and materials as applicable to address the specific needs of recipient African utilities, in support of expansion of electric power distribution to new customers.
- NRECA further commits to provide advocacy support in favor of increased investment in feasible electrification projects in rural and peri-urban areas of participating African countries.
Nedbank provides a comprehensive range of wholesale and retail banking services through four main business clusters: Nedbank Capital, Nedbank Corporate, Nedbank Business Banking and Nedbank Retail. Principal services include corporate and retail banking, property finance, private banking, investment banking and foreign exchange. In 2008, the Nedbank and Ecobank Group Alliance was formed, and has enabled an extended alliance footprint across 35 African countries. The Nedbank-Ecobank Alliance will also assist the Power Africa Initiative clients through a unique "One Bank" experience offering. By delivering country-specific, tailored banking solutions across Africa the alliance effectively simplifies banking for its corporate and individual clients by making day-to-day transactional banking, financing and investment banking advisory services readily available to them. Over the next several years, as part of its commitment to the Power Africa Initiative, Nedbank intends to:
- Advance the Power Africa goal of providing access to clean, reliable energy in East Africa, including through the participation in landmark transactions such as the 300MW Lake Turkana wind farm in Kenya as well as various geothermal and hydro transactions in East Africa, Nedbank also aims to catalyze the US$ 300 million in investment for energy projects in Power Africa countries over the next five years, which will increase access to electricity to millions of users.
- Provide Power Africa countries with access to Project Finance, Advisory, Treasury functions and financial structuring expertise.
- Expand its activities to additional the Power Africa Countries; in particular, Nedbank will aim to provide access to its advanced funding solutions in the renewable energy sector.
Networked Energy Services
Headquartered in the United States, Networked Energy Services (NES) is a smart grid company based in San Jose, California, that offers smart metering and smart grid solutions for utility companies. NES was formed as a result of the spinoff of Echelon Corporation’s Grid Modernization Division in October 2014. NES’s solutions enable utilities to provide their customers with a more efficient and reliable electricity service, to protect their systems from current and emerging cybersecurity threats, and to offer innovative new services that enable active, intelligent use of energy. NES's smart grid technology is used in nearly 40 million smart devices and meters around the world and the company is a member of the OSGP Alliance, a global association of utilities and smart grid companies.
Power Africa is excited to collaborate with NES as they expand into Africa, with projects in the DRC, Ghana, South Africa, and elsewhere. NES looks forward to supporting Power Africa by developing and implementing smart grid and smart metering projects in the region, which will reduce losses, improve revenue, and assist with generating project funding for adding MWs and new connections.
New Sun Road
New Sun Road is on a mission to accelerate the deployment of clean energy and internet access for under-served communities around the world, in collaboration with industry, government, nonprofit and academic partners. Their passion is developing affordable, resilient technologies that optimize the operation and management of impactful solar microgrids.
Their distinct "Stellar" platform provides robust remote monitoring and control for a single microgrid or a fleet of microgrids. Stellar Edge is their gateway controller, a device that is technology agnostic and scalable. Stellar Microgrid OS is a cloud-based software platform that serves as mission control for distributed energy fleets. IoT and machine learning are applied to optimize performance lowering operating costs by automatically generating notifications and simplifying troubleshooting. Stellar IS offers plug-and-play, fully integrated off-grid solar electricity and internet connectivity.
New Sun Road was founded in 2014 as a for-profit public benefit company (P.B.C.) and is guided by principles of environmental sustainability and economic development. Stellar monitors over 700 microgrids in over 21 countries.
NextGen Solar is a U.S.-based, renewable energy company focused on building and operating utility-scale, PV Solar power plants in sub-Saharan Africa, integrating a hybrid model of modern PV generation with existing legacy diesel plants. NextGen Solar has operations in Tanzania, Kenya, and Uganda. The objective of NextGen Solar is to bring plentiful, reliable and more affordable electricity by reducing the dependency on expensive fossil fuels, especially in remote rural areas. As part of its commitment to the Power Africa Initiative, NextGen Solar intends to:
- Advance the Power Africa goal of providing access to clean, reliable energy in East Africa, by setting up 200MW of generation capacity via several solar power plants – 70 MW in Tanzania, 50MW in Kenya, 35MW in Ethiopia, 30MW in Ghana and 15MW in Nigeria, representing total investment of $ 600 million.
- Over the next 5 years, energy projects of NextGen Solar will not only increase access to electricity to 3.7 million people, but also help in creating 431,000 incremental jobs in these countries.
- NextGen Solar aims to provide Power Africa countries with access to sector expertise in building hybrid solutions, by integrating legacy diesel mini-grids with modern PV generation. This is expected to reduce the annual greenhouse gas emissions in these Power Africa countries by 300,000 t CO2 emissions.
Nigeria Solar Capital Partners
Nigeria Solar Capital Partners is a renewable energy company focused on the development and management of utility-scale solar fields in Nigeria. Over the next several years, NSCP intends to drive investment of over $1 billion dollars in the development and management of utility-scale solar fields in Nigeria. NSCP is proposing to develop and operate up to 500MW of utility scale solar facilities in Nigeria by 2020. NSCP is initially pursuing two 100MW sites of solar power generation for the Federal Government of Nigeria, targeting financial close by Q1 2016. NSCP has acquired a license and expects to begin construction on the first field in Q3 2016.
Norsk Solar is publicly listed and fast-growing independent solar power producer, with 70 MW of assets built and in operation or under construction across emerging markets. The company has a project pipeline of 2 GW, and focuses on solar projects for commercial and industrial clients as well as national utilities. Norsk Solar has offices in Norway, Ukraine, Nicaragua, South Africa, Brazil, and Vietnam, and currently counts more than 19 employees.
NOVI Energy is an entrepreneurial company that turns exceptional ideas and modern alternative and renewable technologies into efficient energy solutions. NOVI is a Michigan, based company providing energy infrastructure development and energy consulting services to governmental, industrial, commercial, institutional, and utility clients around the world. Our professionals have worked in a number of African countries, with current project development in Nigeria.
Over the next five years, as part of its commitment to Power Africa, NOVI intends to:
- Catalyze US$ 250,000,000 in investment in energy projects in sub-Saharan Africa
- Provide sub-Saharan African countries with access to cost-competitive electricity from utility-scale and community-scale solar photovoltaic (PV) systems, other renewable energy technology applications, and combined heat and power systems
- Expand energy development activities to two additional sub-Saharan African countries
NovoMoto is a revenue-generating company that aims to provide clean, renewable, and sustainable electricity to communities in the Democratic Republic of the Congo and other sub Saharan African countries. Originally conceived as a class project by University of Wisconsin-Madison, founders Mehrdad Arjmand and Aaron Olsen decided to turn the idea into a reality, offering customers rent-to-own solar-powered systems, displacing expensive, hazardous, and inefficient sources of energy such as flashlights, kerosene lamps, and diesel generators.
OffGridBox, Inc. is a US-based company that produces and installs the OffGridBox, a 6ftx6ftX6ft container with solar panels on the top and water purification inside. They provide these containerized micro-grid solutions to rural communities in sub-Saharan Africa to support off-grid electrification, humanitarian response, and health facility electrification. The company is headquartered in Cambridge, Massachusetts and has additional offices in Kigali, Rwanda, and manufacturing in Arezzo, Italy. OffGridBox has projects around power and water in Rwanda, Tanzania, Somalia, DRC and others, with funding from EEP Africa, Power Africa, DOEN Foundation, Good Energies Foundation, UNDP, Google, Engie, and Aquatech.
OPES-LCEF Impact Fund is an impact investing fund that provides patient capital to early-stage enterprises tackling poverty and benefitting low-income communities. Their portfolio, which includes 16 social impact businesses (six of which are operating in East-Africa), is largely focused on access to energy in emerging markets and includes work in low carbon emissions, water, sanitation, education, and environmental conservation. As an impact investor, OPES-LCEF places an emphasis on social inequalities and employs a gender lens in its investment approach.
Orchid Business Group (OBG)
Orchid Business Group (OBG) is Ethiopia's biggest private transport company and one of Ethiopia's biggest construction companies. OBG is also actively involved in the renewable energy sector, in different African countries. Within Africa, OBG currently has offices in Ethiopia, Kenya, South Sudan and Djibouti. Over the next several years, as part of its commitment to the Power Africa Initiative, OBG intends to:
- Complete up to 650 MW Solar PV projects in Ethiopia, Ghana and/or Kenya - representing a total investment of $1.3 billion.
- Expand its activities in at least two Power Africa countries, with the aim of providing off-grid access through its advanced solar power technology to small towns in rural areas
- Complete up to 210MW geothermal energy supply in Ethiopia.
- These planned activities are expected to increase the quantity of power available to several thousands of households and businesses by up to 1,000 MWs.
Ormat Technologies is a leading vertically integrated company dedicated to providing solutions for geothermal power, recovered energy generation (REG) and remote power. As the only geothermal IPP in Africa, Ormat has a strong track record of developing and operating geothermal assets in Kenya, evidenced by over 10 years of generation of clean energy, recently expanded by an additional 36MW. Over the next several years, as part of its commitment to the Power Africa Initiative, Ormat intends to:
- Complete in 2014 the construction of additional 16MW in plant 3, Olkaria III, Kenya, bringing its total installed base in Kenya to about 100MW.
- Ormat is in discussions with Symbion Power to collaborate in the development of geothermal power plants in Tanzania.
Pele Green Energy
Pele Green Energy is an African company that develops, owns and operates renewable energy power projects. Pele Green Energy has been in the power industry since 2009, and focuses on both utility scale projects and small scale microgrid projects aimed at both the public and private sector.
As part of its commitment to the Power Africa Initiative, Pele intends to invest in the development of power projects that would generate approximately 3,900 megawatts of capacity in sub-Saharan Africa. Pele believes that genuine structural change (catalyzed by the power sector) must result in thriving societies and economies built on the principles of justice and inclusivity.
Persistent Energy Capital
Founded in 2012 and with offices in Nairobi, New York and Zurich, Persistent is a leading expert and pioneer investor in the off-grid energy sector in Sub-Saharan Africa, building, investing and advising commercial businesses that provide essential products and services to customers with renewable energy. As an impact venture builder, Persistent has significantly contributed to the sector ecosystem with early stage investments in pay as you go (PAYG) solar distributors, commercial and industrial solar (C&I), mini-grid developers, technology enablers and E-Mobility companies.
Persistent invests human and financial resources from ideation stage through to early growth stage and works alongside entrepreneurs, supplying needed skills by seconding team members as appropriate and catalyzing third party capital to support their growth. Its sector-defining publications, analysis and webinars underscore Persistent’s commitment to a collaborative approach to accelerate the development of the entire off-grid solar sector.
Phanes Group is an international solar energy developer, investment, and asset manager, strategically headquartered in Dubai with a local footprint in sub-Saharan Africa, through its office in Nigeria - the region’s largest economy./p>
Established in 2012, Phanes Group’s integrated approach, combining financial and engineering expertise, enables the company to deliver end-to-end solar energy solutions. The group has a growing portfolio of solar investments and developments spanning multiple geographies with a distinct focus on emerging markets, especially MENA and sub-Saharan Africa.
Phanes Group has a pipeline of ca. 1.5 GW under development, with 235 MW - of grid connected PV solar in Nigeria across three different projects. Two of these projects to be built, in the Sokoto and Jigawa states, are backed by one of the Nigerian government’s 14 PPAs. In addition, the group is developing off-grid solar solutions in five sub-Saharan countries, with a first project having recently being delivered in Niger, to ensure communities across the region have access to a stable and clean energy supply. In the ECOWAS region, Phanes Group has activities on the ground in ten countries in total.
In the Middle East, Phanes Group is delivering the region’s largest distributed solar project (DP World Solar Power Programme) and completed Phase I (33.4 MW) of the largest solar project in the Caribbean (Monte Plata). Cumulatively, the company’s global clean power contribution is in excess of 70 MW, with USD 250m of commercially closed projects to date.
As part of its commitment to Power Africa, Phanes Group intends to:
- Develop 150-200 MW of grid connected PV solar in Africa over the next three years;
- Invest and mobilize $700m by 2020 for PV projects in sub-Saharan Africa;
- Provide electricity to over 500 rural villages in sub-Saharan Africa through PV off-grid systems by 2020; and
Carry out Corporate Social Responsibility initiatives that provide financial and technical know-how for PV developers in Africa, setting the foundations to deliver bankable projects.
Founded in 1988, PIC Group, Inc. is dedicated to delivering value by providing Operation & Maintenance, Commissioning and Startup, Documentation & Training and Staffing services to the power generation, oil and gas, petrochemical, pulp and paper and manufacturing industries globally. Having the organizational expertise, processes, and procedures to perform effectively anywhere in the world, PIC Group is a global services provider capable of meeting a customers’ diverse needs. The scalability of PIC Group’s offerings ranges from providing a single resource to full care, custody and control & service model or extend to full knowledge transfer allowing owners to self-perform & utilizing PIC Group tools and standards of performance.
PIC Group, Inc. is a wholly owned subsidiary of Marubeni Corporation, a Fortune Global 500 Company. Marubeni is a major Japanese sogo shosha (international trading company) and the third largest global independent power producer (IPP). PIC Group is a member of the Marubeni Power Asset Management group, a global business unit with over 12GW of generation capacity and EPC for over 100GW of generation capacity.
Platinum Power SA is an independent power operator exclusively focused on the development, financing, construction and operation of renewable energy production projects in Africa. A true pioneer in the sector, this independent energy operator is present in Morocco, Côte d’Ivoire, Cameroon and Senegal, with a current pipeline of close to 1,000 MW in hydro-electric and wind power projects. Platinum Power is a Moroccan company, whose leading shareholder is Brookstone Partners, the American investment fund, based in New York and present in Africa through Brookstone Africa, its African entity.
- Over the next several years, PLATINUM POWER intends to pursue de development, financing, construction and operation of the following projects:
- The Gao Project, a 100 MW hydropower plant, and the Tayaboui Project, a 110 MW hydropower project in Cote d’Ivoire, representing a total investment of $ 883 million.
- The Makay Project, a 400 MW hydropower plant in Cameroon, representing a total investment of $ 1,115 million.
- Five hydropower projects in Morocco (Tilougguit Amont, Tilougguit Aval, Boutferda, Taskdert and Imizdelfene), with a total capacity of 125 MW and two wind farms ( Essaouira and Midelt) of 150 MW representing a total investment of $ 500 million.
POWER Engineers is an employee-owned global consulting engineering firm specializing in designing and implementing large-scale power delivery systems. Our industry-leading experts also provide vital engineering services addressing energy accessibility in developing countries. This international team provides feasibility studies, realistic technology recommendations, and construction oversight in remote locations to support infrastructure development.
POWER’s work in sub-Saharan Africa includes projects in Kenya, Ghana, Namibia, Nigeria, Botswana, Angola, Cote D’Ivoire, Madagascar, Senegal, South Africa, and Tanzania.
In support of Power Africa, POWER Engineers intends to:
- Provide early-stage transaction support facilitating generation and transmission of power in sub-Saharan Africa.
- Provide pragmatic and actionable consulting before and during project executions to enable project development.
PowerGen Renewable Energy
PowerGen Renewable Energy is a renewable energy systems installer based in Nairobi, Kenya. PowerGen installs off-grid energy systems for communities and businesses throughout the region, including Somalia, South Sudan, Uganda, Kenya, Tanzania, and Zambia. PowerGen also builds and operates communal micro-grids which provide grid-quality, pay-as-you-go energy to unelectrified areas. With four years of operational experience in the region, PowerGen offers a high level of technical competency paired with deep local operating knowledge in East Africa.
Powerhive is a global technology company with an objective to provide access to clean, affordable and reliable microgrid electricity to the millions of households and businesses across the globe that lack access. Powerhive has developed the first truly bankable, turnkey project development platform to profitably address the pressing issue of energy access in emerging economies. Powerhive's product suite supports all aspects of microgrid development and operations including: site and customer selection and acquisition, project build and as well as post construction operations and maintenance solutions including: customer pre-paid billing, grid operations and optimization solutions.
Private Infrastructure Development Group (PIDG)
The Private Infrastructure Development Group (PIDG) encourages and mobilises private investment in infrastructure in the frontier markets of sub-Saharan Africa, south and south-east Asia, to help promote economic development and combat poverty.
Since 2002, PIDG has supported 154 infrastructure projects to financial close and provided 222 million people with access to new or improved infrastructure. PIDG is funded by donors from seven countries (UK, Switzerland, Australia, Norway, Sweden, Netherlands, Germany) and the World Bank Group.
Progression Energy is an Oregon-based renewable energy company that has been in operation since 2014. They specialize in the development, financing, construction, and operation of renewable energy projects in the area of offshore wind and solar. Progression Energy’s core business is to generate clean and affordable energy by leveraging in-depth market experience and access to proprietary technology that uniquely positions it decarbonize electricity production. Progression has operations in the following markets: Hawaii, Northeastern United States, Japan, Caribbean, Pacific Islands, North Africa and Southern Africa.
Proton Energy Ltd.
Proton Energy Ltd is a leading Nigerian based Independent Power Plant (IPP) developer with a focus to develop and operate power plants across Nigeria and more widely in Sub Saharan Africa. Proton Energy is sponsoring the development of three new gas powered power plants in support of the development of the Nigeria power sector and to assist in meeting the growing energy needs of the citizens of Nigeria. Target installed new power generation in the next five years is an installed capacity of 1,500 MW, with an investment of over US$1.5Billion.
Over the next several years, as part of its commitment to Power Africa, Proton Energy intends to :
- To advance the Power Africa goal of providing access to clean, reliable energy, Proton Energy seeks to complete three renewable energy, waste to energy (WtE) projects in Nigeria, with a total generation of 100 MW.
- Advance and develop its portfolio of gas-fired independent power plants in Nigeria and sub-Saharan Africa.
- Implement its first project, the 500MW (150MW in phase 1) with an initial investment of over USD220 Million - Proton Delta Sunrise Project in Nigeria. This project is reviewing RFPs from EPC contractors early in 2015 and projects Commencement of Operation Date (COD) in 2017.
- These planned activities are aligned with the goals of the Power Africa Initiative and are expected to support the increase in the quantity of power available to the six focus Power Africa countries. These investments could directly benefit numerous households and businesses by 2020, and together in a multi-stakeholder effort, help lay the foundation for a future increase in access to electricity for citizens not connected to the grid.
PW Power Systems
PW Power Systems, Inc., a group company of Mitsubishi Heavy Industries, Ltd., provides high-quality gas turbine solutions for the distributed energy market that increase energy productivity, energy reliability and operational savings.
In support of Power Africa, PW Power Systems is committed to work with government leaders and private partners to help bring reliable power to sub-Saharan Africa. PW Power Systems has approximately 1500 MW of FT8® MOBILEPAC® and SWIFTPAC® gas turbines on the African continent, including sites in Guinea (Conakry), Benin, Togo and multiple locations in Algeria. There are also approximately 45 MW of FT4® gas turbines installed in South Africa and Libya.
Quantum Power is an industrial investment platform focused on power generation, energy, and related infrastructure in sub-Saharan Africa. It leverages the financial and operational resources of a principal financial backer controlling an international family of companies with assets in excess of $20 billion. Quantum Power's affiliates own and operate more than 3,000 MW of power generation capacity in emerging markets around the world.
Quantum Power is engaged in a broad range of projects that will improve access to clean, reliable and affordable energy across Africa. As part of our commitment to Power Africa, we intend to invest over the next several years in power generation and liquefied natural gas projects in sub-Saharan Africa, representing over $3 billion of capital expenditure, of which over $2.5 billion would be in Power Africa priority countries.
Rand Merchant Bank (RMB)
Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and is part of one of the largest financial services groups in Africa. RMB, through the FirstRand group, has branches and representative offices in 12 countries on the continent and a deal footprint across more than 35 African countries. RMB has funded several infrastructure developments in many African countries over the past decade and has extensive experience in structuring innovative funding solutions that meet the unique requirements of both the private and public sector.
RMB’s partnership approach, asset class and jurisdictional knowledge together with the FirstRand balance sheet, enables RMB to underwrite, arrange and provide committed facilities across the whole capital structure, including senior debt, mezzanine debt and equity.
RMB is committed to maintaining its role as one of the leading debt arrangers for sub-Saharan African projects and is looking at a potential project pipeline worth over $5 billion, to be rolled out over the next few years.
Renewvia Energy Corporation is a U.S.-based mini-grid developer delivering solar PV and battery storage solutions. They develop, build, finance, own, and operate mini-grid solar and storage systems in some of the fastest growing off-grid markets in sub-Saharan Africa such as Nigeria and Kenya. Since 2009, Renewvia provides turnkey solar installation, integrated financing, and solar consulting services. Renewvia currently serves over 2,000 household, business, and institutional customers, with the goal of building and operating an additional 500 mini-grids on the continent by 2024.
ResponsAbility Investments AG
ResponsAbility Investments AG is one of the world’s leading independent asset managers specializing in development-related sectors of emerging economies. They comprise the areas of finance, agriculture, energy, healthcare and education. responsAbility provides debt and equity financing to non-listed companies with business models that target the lower-income section of the population and can thus drive economic growth and social progress. responsAbility offers professionally-managed investment solutions to both institutional and private investors.
Founded in 2003, responsAbility currently has USD 2.2 billion of assets under management, which are invested in 500 companies in 90 countries. responsAbility is headquartered in Zurich and has local offices in Paris, Lima, Mumbai and Nairobi. Its shareholders include a broad range of reputable institutions in the Swiss financial market as well as its own employees. responsAbility is registered with the Swiss Financial Market Supervisory Authority FINMA.
Reykjavik Geothermal (RG) is a geothermal power development company active in Ethiopia, Rwanda, Burundi, Democratic Republic of the Congo, Kenya and Tanzania. As part of its commitment to Power Africa, RG intends to:
- Complete the Corbetti Project, a 500 MW geothermal power plant in Ethiopia, representing a total investment of $2 billion over a 4-6 year period
- Complete an additional 500 MW of geothermal development in Ethiopia, representing total investment of $2 billion over a 5-8 year period
- Catalyze at least $2 billion in investment for energy projects in Power Africa countries, which will increase the access to and reliability of electricity for over 90 million people
- Seek further large-scale geothermal development opportunities in Kenya, Tanzania and other countries in the region
- Enable rural entrepreneurs to create businesses from direct-use applications of geothermal energy, as well as take advantage of other opportunities arising from access to affordable power
The Rockefeller Foundation’s mission—unchanged since 1913—is to promote the well-being of humanity throughout the world. Today the Foundation advances new frontiers of science, data, policy, and innovation to solve global challenges related to health, food, power, and economic mobility. As a science-driven philanthropy focused on building collaborative relationships with partners and grantees, The Rockefeller Foundation seeks to inspire and foster large-scale human impact that promotes the well-being of humanity by identifying and accelerating breakthrough solutions, ideas and conversations.
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centres/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, efficient, productive and green, the company's 150,000 plus employees achieved sales of 24 billion euros in 2013, through an active commitment to help individuals and organizations "Make the most of their energy." Schneider Electric has local offices in 16 African countries, namely in Ghana, Nigeria, Kenya, and Tanzania, as well as remote operations and local partnerships all across Africa, including Liberia and Ethiopia.
Schweitzer Engineering Laboratories
Schweitzer Engineering Laboratories (SEL) invents, designs, and builds digital products and systems that protect power grids around the world. SEL, a 100 percent employee-owned company that is headquartered in Pullman, Washington, has manufactured products in the United States since 1984 and now serves customers in 167 countries. With offices in Ghana and South Africa, SEL equipment can be found in the power grids of nearly 40 countries in Africa. SEL's experience on the continent ranges from providing equipment and solutions for new and renovated substations, to power utility control rooms, SCADA systems, mining operations, oil and gas refineries, and water and wastewater utilities. SEL customers largely include public utilities and private sector companies. SEL provides unmatched technical support, customer service and a 10-year worldwide warranty.
Shell Foundation is an independent charity established by the Shell Group in 2000 to create and scale new solutions to global development challenges. The Foundation works with a small number of entrepreneurial partners to identify the market failures that underpin social and environmental issues and co-create new social enterprises to solve them - providing patient grant funding, business support and access to networks to help early-stage pioneers to innovate, achieve financial independence and expand across geographies. By applying this approach to major global challenges such as access to energy, job creation and urban mobility, Shell Foundation has created several strategic partners that are now delivering large-scale impact in multiple countries across Africa, Asia and Latin America.
Serengeti Energy invests in and co-develops small and medium-sized renewable energy projects up to 50MW across sub-Saharan Africa at various stages of the project life cycle. Serengeti is headquartered in Kenya, and has regional offices in South Africa and Senegal.
SOENERGY is a global provider of permanent and temporary energy solutions with a highly customized approach. Working with diverse types of fossil and renewable fuels coupled with the proper conversion technologies, SoEnergy strives to develop the most cost-effective and sustainable solutions for its customers.
To support the goals of Power Africa, SOENERGY is prepared to commit significant resources to expand its business in sub-Saharan Africa in order to promote economic development and specialized training in the region. In its global projects, SOENERGY consistently makes every effort to employ and train as its employees as many people from the region as possible and contribute to the local economy wherever its projects are located.
SOENERGY is currently actively pursuing projects in Angola, Sierra Leone, Liberia, Tanzania, and Mozambique and is working to identify additional opportunities in other Power Africa countries. This ambitious vision requires an elevated partnership built around concrete commercial and developmental interests.
Solar Capital is a subsidiary of Phelan Energy Group Ltd, a prominent South African based international investment and development company. Their mission is to be the leader in quality low-cost development, ownership and operation of solar PV farms for the long-term. Based in Cape Town, they have built up a proficiency in these aspects of renewable energy in order to realize their mission. Their success is underlined by having 175 MW of solar PV grid connected with a significant pipeline at hand.
SolarReserve is a leading global developer of utility-scale solar power projects with more than $1.8 billion of projects in operation, and a pipeline of 6.6 gigawatts worldwide. SolarReserve and its partners have been awarded 346 megawatts of capacity under the first three rounds of South Africa’s IPP Procurement Programme. In addition, the company has commercialized a proprietary solar thermal energy storage technology that enables its solar power plants to reliably operate on-demand, providing baseload power 24/7. SolarReserve is headquartered in California, with seven international offices to support widespread project development activities across more than 20 countries.
Solar Sister is an award winning social enterprise empowering African women while bringing light, hope and opportunity to their communities through safe, affordable clean energy solutions. Solar Sister is bringing a green energy revolution powered by African women's enterprise. Providing a grassroots solution to a global energy crisis, Solar Sister combines the breakthrough potential of clean energy technology with a deliberately women-centered direct sales network. Working in rural Africa, Solar Sister recruits, trains and supports women to become Solar Sister Entrepreneurs. The women build sustainable businesses selling portable solar lamps, mobile phone chargers and fuel-efficient cookstoves. Using their natural networks of family, friends and neighbors to provide the most effective distribution channel to rural and hard to reach customers the women earn much needed income to support their families and provide a vital service to their communities. Access to clean energy has profound benefits including improved education, health and economic outcomes.
SOLEKTRA INT is one of the new generation of African companies investing in economic growth and employment in Africa. At the core of our action is the firm conviction that development in Africa depends on the ability of the continent to harness its resources and devise genuine solutions to two major issues: access to energy and clean water. Based on an ambitious economic model, SOLEKTRA INT’s mission in Africa is comprised of two major goals:
1. To devise clean and affordable energy solutions. Since social and economic growth is impossible without energy, SOLEKTRA INT proposes to capitalize on Africa’s resources to ensure a large access to solar-powered electricity.SOLEKTRA INT is one of the new generation of African companies investing in economic growth and employment in Africa. At the core of our action is the firm conviction that development in Africa depends on the ability of the continent to harness its resources and devise genuine solutions to two major issues: access to energy and clean water. Based on an ambitious economic model, SOLEKTRA INT’s mission in Africa is comprised of two major goals:
2. To provide access to clean drinking water. SOLEKTRA INT has established partnerships to spread the use of biological water purification systems.
A strong believer in Africa’s strengths and assets, SOLEKTRA INT is seeks to establish a benchmark model on the African Continent, bringing together different actors and providing a source of inspiration for other entrepreneurs. SOLEKTRA INT works with a number of partners, as well as public authorities and banks to create the synergies that will reinforce the momentum already under way on the African continent.
Sovereign Infrastructure Group
Sovereign Infrastructure Group (“SIG”) is a global financing company that works with project sponsors and Multilateral Development Banks (“MDBs”), as well as national and local governments, to develop robust pipelines of viable infrastructure deals across Africa and in other emerging markets. Moreover, SIG supports MDB efforts to mobilize private capital to bridge the global infrastructure investment gap.
SIG seeds, structures, and connects private capital with MDB infrastructure projects in a way that minimizes the risks often associated with emerging market investing. SIG’s strategy tackles the largest roadblock to bridging that financing gap and developing assets at a much larger scale by utilizing catalytic capital to provide African governments and project sponsors with early stage feasibility studies and technical analysis needed to structure projects, reduce construction risk, and improve project bankability.
SIG also co-invests with MDBs in these infrastructure projects through both debt and equity participation investments. SIG leverages its and its partners’ experience and capabilities in originating and structuring emerging market infrastructure finance facilities in these participation investments.
SIG is the first U.S. private sector partner of the Africa Investment Forum, which includes institutions such as the African Development Bank, the Development Bank of Southern Africa, the African Export-Import Bank, the Trade and Development Bank, the Islamic Development Bank, Africa50, Africa Finance Corporation, and the European Investment Bank.
SparkMeter is the leading provider of smart metering solutions for micro-grid utilities and central grid utilities in developing countries, in particular in Africa. The company is headquartered in Washington DC, and designs and manufactures its hardware in the United States.
In support of Power Africa, SparkMeter is committed to work with governments and private partners to add 1,000,000 household and business connections across sub-Saharan Africa by 2020. SparkMeter intends to provide associated technical assistance and customer service support for clients to maximize energy services available through SparkMeter products.
Standard Bank Group
Standard Bank Group is a South-Africa based bank, Africa's largest bank by assets, with a 150 year history on the African continent. Operating in 20 countries on the African continent, Standard Bank is committed to the development of the power sector in Africa and will support the Power Africa Initiative by committing to:
- Supporting the establishment of Independent Power Projects (IPPs) through a combination of debt products, transactional services including providing bonds and guarantees, hedging, advisory services and carbon credit solutions for eligible transactions.
- Continued underwriting of funding in the power sector for Power Africa countries, with US$1 billion of debt either already deployed since the initiative launch or earmarked for projects in Power Africa countries through 2018.
- In addition, Standard Bank sees significant opportunity in other sub-Saharan African countries, and seeks to deploy an additional US$2 billlion of debt in these countries through 2018.
- Supporting the policy reform process by sharing our assessment of the key regulatory changes that would facilitate private sector investment in power.
Standard Chartered is a leading international banking group with 1700 offices in 68 markets. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 percent of its income and profits in Asia, Africa and the Middle East. Standard Chartered's leading position in Project and Export Finance has allowed it to successfully complete a number of cutting edge Project Finance transactions in Africa and is a testament to its commitment to long- term sustainable infrastructure development.
- Over the next five years, as part of its commitment to the Power Africa initiative, Standard Chartered intends to finance over $2 billion in funding for power projects in Power Africa countries. This commitment is expected to increase the quantity of power available by up to 1,500 MWs.
Standard Microgrid is a solar microgrid developer, owner, and operator with operations in South Africa and Zambia. We are reimagining the African energy utility by providing clean, modern and affordable energy services to customers when they need it, for those appliances they value most. Our model is based on the premise that rural energy buyers are not concerned with buying energy as such (e.g. kWh’s), but rather with the benefits that energy provides (e.g. charged mobile phones). Based on this premise we sell services instead of energy, which allows us to optimize grid utilization, reinforce energy efficiency practices, and effectively turn a rural community into a collection of hyper-efficient smart homes.
The single most important ingredient for success in the microgrid industry is scalability; every aspect of the Standard Microgrid business model from the remote grid management software to the standardized design has been designed and built with the intention to scale. Our business model does not require customers to have mobile money, and is replicable across markets.
Sturdee Energy Southern Africa Proprietary Limited (“Sturdee Energy”) is an African renewable energy power infrastructure developer and independent power producer focused on countries in Sub-Saharan Africa. Sturdee Energy’s skills, expertise, and business operations cover a whole project life cycle – from pre-feasibility, development, debt and equity financing, building, owning, and operating solar, wind biomass and mini hydro power plants. Sturdee Energy’s vision is to deliver economic growth and socio-economic development in Africa through the production of reliable renewable energy. Sturdee is active in the utility scale, off-grid and corporate and industrial (C&I) industries across Africa. Sturdee Energy has developed, constructed, owned and operated 184MW of projects under the South African Department of Energy’s Renewable Energy Independent Power Producer Programme (REIPPP) and are one of the leading solar players in the REIPPP having closed 9 projects from Round 1 to Round 4 totaling close to 600MW. As a Power Africa partner, Sturdee Energy intends to invest and raise finance of USD 285 million for approximately 750 MW through its existing pipeline projects and opportunities in sub-Saharan African countries.
SunFunder is solar finance business based in San Francisco and Arusha that connects investors to high-impact solar projects that improve the lives of low-income communities in Africa, Asia and Latin America. SunFunder's solar investment platform is for both private and crowd investors, and it provides financing to grow solar energy in emerging markets and bring sustainable and clean energy access to people that need it most.
SunPower Corporation is a leading solar technology and energy solutions provider, delivering unmatched reliability, efficiency, and guaranteed performance. Through development, design, manufacturing, installation, ongoing maintenance and monitoring, SunPower provides its proprietary, high- performance solar technology to residential, commercial and utility customers worldwide. SunPower aims to invest significantly in power projects in sub-Saharan African countries, aligned with the goals of the Power Africa to increase access to clean, reliable power in Africa, and are expected to benefit more than 1 million homes by 2018.
Symbion Power is a U.S.-based power developer working primarily in Africa. With offices in South Africa, Nigeria, and Tanzania, Symbion builds, owns, and operates electrical power infrastructure across the continent. We specialize in the construction of turnkey electric power systems, including power stations, extra high voltage transmission lines, distribution lines, substations and switchyards. The company also owns and operates power plants. Through Symbion Power Training Centers, the company works closely with local communities to develop a labor force capable of executing projects. In line with the Power Africa goal of providing access to clean, reliable energy in Africa, Symbion aims to catalyze US$ 1.8 billion in investment for energy projects in Power Africa countries over the next five years, which will increase access to electricity to millions of users in these countries. This investment will include:
- In partnership with the Tanzania Electricity Supply Company (TANESCO), Symbion is developing a 400MW power plant in Mtwara, Tanzania and a transmission line across the south of Tanzania.
- In partnership with KMR Infrastructure, Symbion will complete two small-scale biomass projects in Kigoma and Tunduru that will replace diesel-based power for these two mini-grids. Symbion and KMRI are committed to developing similar projects for additional mini-grids and industrial off-takers in other locations in Tanzania.
- Symbion is in discussions with Ormat Technologies to collaborate in the development of geothermal power plants in Tanzania.
- Symbion won the right to acquire a 972MW gas-fired power plant in Ugheli, Nigeria as part of the Transcorp Ugheli Power Ltd. Consortium, which will under-go significant rehabilitation and expansion.
- In partnership with Supertek Ltd., Symbion is developing a 100MW fast-track gas-fired generation project in Ajaokuta;
- Symbion intends to either acquire or build several other new power plants in Nigeria, including playing a major role in the bidding for the NIPP power plants that are now up for sale.
- Symbion is actively pursuing possible off-grid renewable energy projects in Nigeria, including in Niger State.
- Symbion is developing a 450MW gas-fired power plant in Ghana.
- These planned activities are aligned with the goals of the Power Africa Initiative to increase access to clean, reliable power in Africa, and are expected to increase the quantity of power available by over 1,500 MWs.
Terabase Energy (Terabase) is a California-based company that is developing an interconnected digital, automation and smart device ecosystem to reduce the cost of utility-scale solar projects.
Building upon the team’s legacy of Power Africa Private Sector Partners SunPower and First Solar, Terabase plans to build a solar platform which will enable $0.01 kWh solar and expand into large scale photovoltaic and green hydrogen generation markets across sub-Saharan Africa.
The Tony Elumelu Foundation
Founded in 2010, The Tony Elumelu Foundation is a African-funded philanthropic organisation focused on supporting entrepreneurship in Africa by enhancing the competitiveness of the private sector. The foundation creates impact through business leadership and entrepreneurship development programmes, impact investments; research and policy advocacy.
Treehouse Investments, LLC
Treehouse Investments, LLC, is a privately owned, impact-focused investment fund founded in 2013. We are dedicated to supporting long-term sustainable and scalable solutions that address the world’s most critical challenges. We believe that the private sector is essential to meeting the pressing market needs created by climate change, gender inequality, and uneven access to capital. We recognize that supporting transformational business models and strategies not only benefits the planet and us as its inhabitants, but also represents a significant market opportunity.
Treehouse Investments targets market rate returns by investing in companies with sustainable business models that address three core impact objectives: 1) reducing greenhouse gases, 2) empowering women, and 3) catalyzing a capital shift to sustainable investment practices.
U.S. Energy Association
U.S. Energy Association is an association of American public and private energy-related organizations, corporations, and government agencies. USEA represents the broad interests of the U.S. energy sector by increasing the understanding of energy issues, both domestically and internationally. USEA supports the mission of the World Energy Council, "to promote the sustainable supply and use of energy for the greatest benefit of all."
- USEA, which is heavily engaged in Africa, commits to integrating the Initiative into its numerous activities over the coming months and years, particularly into its international utility partnerships and utility peer-to-peer executive exchanges. USEA will sponsor special events and briefings on the Initiative and opportunities for trade and investment in the partner countries. USEA will incorporate presentations and updates about the opportunities and progress of the Initiative at it numerous public briefings and meetings.
United Bank for Africa (UBA)
UBA has more than 65 years of providing uninterrupted banking operations dating back to 1948 when the British and French Bank Limited (“BFB”) commenced business in Nigeria. BFB was a subsidiary of Banque Nationale de Crédit (BNCI), Paris, which transformed its London branch into a separate subsidiary called the British and French Bank, with shares held by Banque Nationale de Crédit and two British investment firms, S.G. Warburg and Company and Robert Benson and Company. A year later, BFB opened its offices in Nigeria to break the monopoly of the two existing British owned banks in Nigeria then. Following Nigeria’s independence from Britain, UBA was incorporated on 23 February 1961 to take over the business of BFB. UBA eventually listed its shares on the Nigerian Stock Exchange (NSE), in 1970 and became the first Nigerian bank to subsequently undertake an Initial Public Offering (IPO). UBA became the first sub-Saharan bank to take its banking business to North America when it opened its New York Office (USA) in 1984 to offer banking services to Africans in Diaspora. Today’s UBA emerged from the merger of then dynamic and fast growing Standard Trust Bank, incorporated in 1990 and UBA, one of the biggest and oldest banks in Nigeria. The merger was consummated on August 1, 2005, one of the biggest mergers done on the Nigerian Stock Exchange (NSE). Following the merger, UBA subsequently went ahead to acquire Continental Trust Bank in the same year, further expanding the UBA brand. UBA subsequently acquired Trade Bank in 2006 which was under liquidation by the Central Bank of Nigeria (CBN). Under the Monoline business structure, UBA Plc remains the parent company for all of the Group’s commercial banking activities in Nigeria, Africa and the rest of the world. UBA Plc is also the parent company for UBA Pension Custodian Limited, UBA Capital (UK) and UBA FX Mart Limited. Now fully positioned as a pan-African bank, the UBA Group is firmly in the forefront of driving the renaissance of the African economy and is well positioned as a one-stop financial services institution, with growing reputation as the face of banking on the continent.
United Nations Foundation
The United Nations Foundation builds public-private partnerships to address the world's most pressing problems, and broadens support for the United Nations through advocacy and public outreach. Through innovative campaigns and initiatives, the Foundation connects people, ideas, and resources to help the UN solve global problems. The Foundation was created in 1998 as a U.S. public charity by entrepreneur and philanthropist Ted Turner and now is supported by global corporations, foundations, governments, and individuals.
Upepo Energy’s mission is to partner with local communities and utilities to bring sustainable, large-scale wind energy projects to East Africa. Upepo is the Swahili word for wind—an important source of clean energy found in abundance in many parts of the world. With one of the world’s fastest growing economies, East Africa’s demand for electricity is skyrocketing while the effects of climate change and drought are hitting home. Harnessing a clean, local and low-cost source of power like the wind is part of the answer.
Every single day, Vestas wind turbines deliver clean energy that supports the global fight against climate change. Wind power from Vestas’ more than 53,700 wind turbines currently reduces carbon emissions by over 60 million tons of CO2 every year, while at the same time building energy security and independence.
Vestas has delivered wind energy in 73 countries, providing jobs for around 19,700 passionate people at our service and project sites, research facilities, factories and offices all over the world. With 52 per cent more megawatts installed than our closest competitor and more than 64 GW of cumulative installed capacity worldwide, Vestas is the world leader in wind energy.
Viability Africa, based in Nairobi, Kenya, is a project development and financial advisory firm focusing on commercial and utility small and medium scale renewable energy projects based in sub-Saharan Africa. The company is active in Kenya, Rwanda, Tanzania, Uganda, Ethiopia and Ghana and is focused on feasibility studies and financing for solar photovoltaic, wind, small-scale hydropower and biomass power projects. In support of Power Africa, the company is seeking to:
- Reach financial close on 20 MW of small hydro, 40 MW of solar PV, and 15 MW of biomass grid connected power projects in Kenya and Tanzania within the next three years.
- Catalyze $500 million in investment for clean energy projects in Power Africa countries over the next five years, which are projected to result in an annual reduction of over 800,000 tons of greenhouse gas emissions.
- Provide Power Africa countries with technical capacity in project development and financial advisory services.
- These planned activities are expected to increase the quantity of power available to Kenya, Uganda, Rwanda and Tanzania by 250 MWs. These investments could directly benefit over 250,000 households and businesses by 2018.
These planned activities are expected to increase the quantity of power available to Kenya, Uganda, Rwanda and Tanzania by 250 MWs. These investments could directly benefit over 250,000 households and businesses by 2018.
Virunga Power is Kenya-based company focused on developing, owning, and operating 1 to 10 MW renewable power generation projects for rural distribution across East Africa. We are currently investing in and developing grid-connected mini-hydro, biomass, and solar PV projects with significant rural electrification components. These projects will support our mission of creating a scalable model for utility-style rural electrification projects which are financeable based on the long-term power consumption of rural households.
Vital Capital Fund is a $350 million private equity fund that invests in opportunities which simultaneously enhance the quality of life of communities in rapidly developing nations, primarily in Sub-Saharan Africa, while also delivering attractive financial returns for investors. Vital has over 30 years of successful experience in Africa. Vitals' primary investment interest is the development of infrastructure. Vital broadens its investment prospects by focusing on urban, large-scale, community-integrated housing concepts, renewable energy, water and initiating fully integrated agro-industrial solutions, as well as giving particular emphasis to education and healthcare.
Winch Energy Ltd, founded in March 2016 and jointly owned by Total EREN Renewables and Winch Partners Ltd, is a for-profit company, inducing win-win profitable and economically viable renewable energy solutions for off-grid, rural populations in Africa. Winch Energy has crafted a comprehensive offer to meet national-scale rural electrification objectives in a rapid, modular and cost-effective manner. Through its proprietary technology, the Remote Power Unit, Winch provides 24x7 power to off-grid communities along with satellite broadband. Winch Energy’s mission is to deliver reliable, cost competitive and clean electricity and communications to large settlements, schools, clinics and village social centers as a catalyst for local economic growth. The Remote Power Unit models have been optimized to meet the needs of such end-users, albeit with a modular system that allows to meet quickly growing demand with significant cost savings compared to diesel. Winch’s business model has been designed for high-volume programs with industrialized-level assembly, deployment, operations and maintenance.
Windlab Limited is a global renewable energy development company. It was established in 2003 to commercialize world leading atmospheric modelling and wind energy assessment technology, developed by Australia’s premier scientific research institute, the CSIRO. Windlab owns and exclusively utilizes this suite of industry best practice tools to identify and efficiently develop, finance, construct and operate high quality wind farms around the world, with considerably greater certainty and substantially less risk.
This technological advantage has enabled Windlab to amass a portfolio of high quality wind farm development sites totaling 7,406 MW of potential capacity across North America, Australia, New Zealand and Southern Africa. Windlab has completed the development of 1,093 MW of capacity across three continents. These projects are either currently under construction or are amongst the best operating projects in their respective markets.
Windlab Africa is developing a portfolio of over 1,000 MW across Southern and East Africa and has established regional offices employing highly-skilled staff in Kenya, Tanzania and South Africa.
As part of its commitment to Power Africa, Windlab Africa intends to invest in the development of power projects which would generate over 1,000 MW of capacity in Southern and East Africa.
- These projects are spread across Sub-Saharan Africa, with a focus on Tanzania, Kenya, Ethiopia, Zambia (and Mozambique and South Africa).
- Where viable Windlab Africa will look to integrate implement innovative wind-solar PV-battery solutions.
- Windlab Africa is committed to exemplary stakeholder engagement and community involvement in projects and sees this as the foundation for project success.
ZOLA Electric, previously known as Off Grid Electric, combines Silicon Valley technology with local expertise to offer African homes and businesses a 24/7 solar solution to an unreliable or nonexistent grid. Adaptable to energy need and income, ZOLA Electric’s rooftop solar systems can be bought overtime using microfinance, PAYGo leasing, and mobile money payments. The first few watts start a chain reaction that enables people to achieve commonly held aspirations: security, education and access to information. ZOLA Electric helps its customers to light their homes, power small businesses, stay connected and expand opportunities for work and study. Today, ZOLA Electric provides unmatched customer service and clean energy to more than 180,000 homes and businesses across Tanzania, Rwanda, Côte d’Ivoire, and Ghana. Investors include: Tesla, Vulcan Capital, DBL Partners, Helios Investment Partners, EDF,Total, and GE Ventures. ZOLA Electric is a recipient of the UN Momentum for Change Award, Zayed Future Energy Prize, and Global Cleantech 100.">">