Solar solutions provider Phanes Group has crowned the Mozambican renewable energy entrepreneur, Marlon Dos Santos and his 50MW Kitaka solar project as the winner of its first Solar Incubator programme.
The evaluation session was held on Monday at the Unlocking Solar Capital: Africa 2017 event in Abidjan, Ivory Coast.
The inaugural Phanes Group Incubator received applications for solar photovoltaic (PV) projects at the volume of almost 1GW across 15 sub-Saharan African countries.
The other shortlisted projects were the Akouédo Solar Project with a capacity of 2x25MW in Ivory Coast and the Solar Project in the Amhara Region of Ethiopia with a capacity 100MW.
“We are proud and excited to announce Marlon Dos Santos as the recipient of our inaugural Solar Incubator programme. It was a close match—all the finalists presented high-quality projects with the potential to transform their respective communities.
"Not only the Corporate Social Responsibility component of each proposal was the key factor in our evaluation but also the passion of Marlon to bring a project to life in a difficult market where the expertise and the training he will be receiving might be essential to help him to succeed," said Martin Haupts, CEO, Phanes Group.
Mozambican renewable energy entrepreneur
The winner will get the opportunity to enter a partnership with Phanes Group to co-develop and deliver a bankable project, in which they will hold a long-term stake. Read more...
This partnership will include a two-month blended mentorship programme, with a four-day intensive kick-off workshop in Dubai, UAE, and remote sessions with Phanes Group’s team of experts as well as the rest of the programme’s partners. It will also include the funding to bring the project to financial close.
Haupts concluded: “We would like to thank all the applicants who took the time to submit their proposals. The response to the project has reaffirmed our belief in the potential of the PV industry in sub-Saharan Africa. The nascent industry holds a great potential of talent, but project delivery and bankability remain a challenge for developers and investors in the region.
“We launched the Phanes Group Solar Incubator initiative as a way to address these obstacles, and we’re excited to work with Marlon Dos Santos and bring the project to fruition, increasing access to clean, and reliable energy on the African continent.”
Featured image: Stock