Energy
We are the market leader in renewable energy solutions in Madagascar and the top private energy producer in-country.
Today, we are also exporting our expertise in solar/renewable energy to other parts of the African continent and beyond. Sustainable development is integral to the Group’s strategy. We implement best-in-class practices to promote ethical behaviour and establish community engagement initiatives to support local development.
With an average of nearly 3,000 hours of sunlight per year, Madagascar offers tremendous opportunities for green energy production. However, only 15% of Madagascar’s population currently has access to electricity, constraining growth and job creation. So, we are investing heavily in new solar power projects across the country, with 231 MW in development .
Once we are established in a country, our objective is to keep developing – not only agreements with the national offtaker – but to find solutions for improving electricity access for communities in rural areas. We see huge potential in increasing renewable energy access across Africa, a continent that – in order to further its development goals – desperately needs greater access and cheaper energy.