Business Awards 2018

MEAMARKETS / 2018MEA Business Awards 11 , Phanes Group Best International Solar Development Company 2018: Phanes Group Nov18345 Phanes Group is an international solar energy developer and investment manager strategically headquartered in Dubai, UAE. In celebration of the group’s win in our 2018MEAMarkets Business Awards we profile it to find out more. Since its inception in 2012 Phanes Group has gradually expanded its market reach, technical capabilities, and talent pool to become a leading end-to-end PV player with an Independent Power Producer (IPP) business model. Today, the group boasts a growing portfolio of solar investments and developments spanning multiple geographies, with a distinct focus on new markets. Globally, its clean power contribution exceeds 70 MW, with a further 1.5 GW currently in the pipeline or at the planning stage. Seeking to offer a unique service, Phanes Group takes a holistic approach to solar, uniting the competencies and expertise necessary to oversee and deliver the entire solar project value chain. From project selection and development, to construction and financing, to asset management and monetization, the group helps clients to unlock value through its integrated approach. As a new markets specialist, this business model allows the group to adapt to fast-changing environments where the necessary regulatory frameworks and physical infrastructure are often still being developed. With a focus on the MENA region, a key pillar of Phanes Group’s business is the strong relationships and ties that it has established with local partners and the local communities it serves. This is because the group firmly believes in thoroughly understanding the markets in which it operates so that it can deliver projects to the highest standards while considering the positive impact it can create on the ground. This approach has enabled the group to establish an even stronger footprint in Africa, as it prepares for its next phase of growth. Looking forward, in accordance with the business strategy that the group has employed since inception, Phanes Group will continue to focus on the development of the core markets where its business model has the most opportunity for impact. Currently, the group is building on the momentum of the past year to further establish the company’s footprint in sub-Saharan Africa. At the same time, it will also continue to expand in its home Middle East and North Africa market, while increasingly focusing on the growing opportunities represented by the neighbouring Central Asia region. These developments will ensure that the group remains a key player in the region’s solar energy market for many years to come. Company: Phanes Group Contact: Hubert Lin Website: phanesgroup.com