Advancing Renewable Energy in Africa

Overview

Harvard Green Energy is driving the transition to renewable energy in Africa with a portfolio exceeding $4.6 billion. Our projects span solar photovoltaic (PV), battery energy storage systems (BESS), and hydropower, supporting sustainable energy, economic growth, and decarbonization across Southern and Eastern Africa.

Key Projects & Investments

South Africa

Free State Solar PV & BESS Project (Shovel Ready)

Capacity: 525MW solar + 80MWh storage
Funding: $1 billion, 23–25% ROI
PPA Duration: 20–25 years (Contract with Eskom signed, pending energy trading license)

Western Cape Solar PV & BESS Project

Capacity: 108MW solar + 460MWh storage
Funding: $276 million, 23–25% ROI
PPA Duration: 20–25 years

Northern Cape Solar & BESS Project

Funding: $500 million

Transmission Line Project

Status: Final planning stage; funding TBD

Banna Wind Project – Kouga/Jeffreys Bay

Capacity: 42MW (upgradable to 46.2MW with Siemens turbines)
Status: Fully developed (pending PPA & NERSA registration)
Challenges: Powerline constraints delaying distribution (3–4 years)
Investment Potential: Seeking partnerships with Hive, Investec, Cobra, and others

Rest of Africa

Namibia

Energy Storage Plant (Solar PV + BESS)
Funding: $270 million
Status: Regulatory approval & land secured

Zimbabwe

200MW Solar PV + 100MW BESS (Four 50MW projects)
Funding: $300 million
Status: 25-year PPA secured with ZETDC

Tanzania

210MW Combined Solar Project
Funding: $337 million
Status: Operational by Feb 2027

Mozambique

50MW Combined Solar + BESS (Shovel Ready)
Funding: $65 million
Status: Operational by Feb 2025 (Draft PPA ready for signing)
Hydropower Potential: Chemba 1 (600MW) & Chemba 2 (400MW)
Status: Feasibility approved, investors needed

Financial Highlights

Total Project Value:
Solar PV & BESS: $2.6 billion+
Hydropower (Mozambique): $3 billion+

Geographic Distribution:
South Africa: $775 million
Namibia: $270 million
Tanzania: $500 million
Zimbabwe: $300 million

Strategic Objectives

• Support Just Energy Transition (JET) through job creation & decarbonization

• Secure funding via partnerships with development banks & equity investors

• Promote Environmental, Social & Governance (ESG) initiatives

Rooftop Solar Projects

Target: Student accommodations & industrial sites
Status: Discussions with developers; EPC partner search ongoing
Challenges: Financing often tied to specific EPC firms
Investment Potential: Collaboration with local companies & consultants