- Globeleq has appointed Jonathan Hoffman as the Group’s permanent CEO.
Jonathan Hoffman joined Globeleq in 2010, was appointed Chief Development Officer in 2020 and took over as interim CEO in July 2024. Jonathan has led the development and investment team as they have secured deals and new investments across Africa including, most recently, the award of Red Sands, the largest standalone battery storage project on the Continent. Jonathan has over 20 years of experience in the power sector having worked previously for ABB Energy Ventures and for InfraCo which he co-founded.
Since 2015 Globeleq has nearly doubled its generating capacity in operation and under construction. In the 2020s, the Group has been responsible for 43 per cent of all utility-scale non-hydro renewable and gas IPP generation to reach financial close in Sub-Saharan Africa (excluding South Africa).
Jonathan Hoffman will now lead Globeleq through its next phase of growth which will focus on the energy transition in Southern Africa and Kenya. The Group owns and operates 12 renewable power plants across South Africa, Mozambique and Kenya, has [485]MW in construction, and has a number of landmark projects across the region in its development pipeline. Outside of Southern Africa, Globeleq will focus on its existing plants, which provide vital power to local communities and industry, and generating returns for its shareholders.
Globeleq contesting bid bonds in South Africa
Globeleq and the Ikamva Consortium made up another foreign IPP, Mainstream Renewable Power plus local BBBEE partners, Africa Rainbow Energy & Power (AREP) and H1 Holdings, who make up more than 45 % of black ownership, are contesting payment of bid bonds for six 75MW solar projects and six 140MW wind projects in South Africa’s controversial Renewable Energy Independent Power Producer Procurement Programme Bid Window 5. According to clauses 26.1 and 26.2 of the general requirements, rules, and provisions of REIPPPP Bid Window 5, the consortium is liable to pay the IPP Office a total of R254.8 million calculated at R200000.00 per MW as a preferred bidder. Read more
Author: Bryan Groenendaal
