Globeleq
- Company typePrivate
- Founded2002
- HeadquartersLondon, United Kingdom
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
Globeleq firmographics
Firmographics- Name
- Globeleq
- Legal name
- Globeleq Africa Limited
- Website
- https://globeleq.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Globeleq industry classification
Industry- Product category
- Independent Power Generation
- NAICS
- Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Hydroelectric Power Generation (221111), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA) (EUACAGAH), Contracted Wind Power Generation (PPA/CFD/FiT-backed) (EUACAFAJ), Renewable Energy Infrastructure (FSAAAKAG)
Keywords
Where Globeleq is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
Globeleq business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D
Revenue model
- Power Purchase Agreements (PPAs): Long-term power purchase agreements with national utilities (ZESCO, Kenya Power, EDM) and private off-takers (Copperbelt Energy Corporation, Jubilee Metals). Revenue is recurring based on capacity/energy supplied.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Globeleq product offering
Product offeringCore offering
Globeleq develops, builds, owns, and operates utility-scale power generation plants across Africa, supplying electricity to national utilities and large private off-takers through long-term power purchase agreements. Its diversified portfolio spans solar PV, wind, hydro, geothermal, gas-fired, and battery energy storage technologies across more than 14 locations in countries including South Africa, Mozambique, Zambia, Kenya, Egypt, Cameroon, and Côte d'Ivoire.
Product overview
Globeleq is a leading independent power producer in Africa operating a diversified portfolio of power projects across multiple technologies. The company owns, operates, develops and invests in utility-scale power generation assets including gas-fired plants (Azito in Côte d'Ivoire at 713MW, Kribi in Cameroon at 216MW, Dibamba in Cameroon at 88MW, Temane in Mozambique at 450MW), solar PV plants (ARC Solar and Winnergy in Egypt, Malindi in Kenya, Mocuba in Mozambique, Cuamba solar+BESS in Mozambique, multiple plants in South Africa including Soutpan, Konkoonsies, Droogfontein, De Aar, Boshof, Aries), wind farms (Jeffreys Bay and Klipheuwel in South Africa, Namaacha in Mozambique), geothermal (Menengai in Kenya), battery energy storage (Red Sands BESS - Africa's largest standalone BESS at 153MW/612MWh in South Africa), and hydropower (Lunsemfwa and Mulungushi in Zambia). In Zambia, Globeleq operates the Leopards Hill hybrid solar+storage project (250MWp + 150MW/600MWh BESS) and Kafue Solar (56MWp). The company also has projects in development including LHPC Solar (27MWp) and growth pipeline of 200MWp solar and hydropower expansions in Zambia. Globeleq holds 70% ownership by British International Investment and 30% by Norfund.
Differentiator
Problem solved
Functional benefit
Products and services
- Azito Power Plant 713 MW gas-fired power plant located in Abidjan, Côte d'Ivoire, supplying electricity to the national grid.
- Kribi Power 216 MW gas-fired power plant located in Kribi, Cameroon.
- Dibamba Power 88 MW gas-fired power plant located in Douala, Cameroon.
- ARC Solar 66 MWp solar PV plant in Benban Solar Park near Aswan, Egypt, acquired in 2021.
- Winnergy Solar 25 MWp solar PV plant in Benban, Egypt, acquired in 2024 with a 48.3% equity stake.
- Malindi Solar 52 MWp solar PV plant in Malindi, Kenya, exporting 40 MWac to the national grid.
- Menengai Geothermal Plant 35 MW geothermal power plant in Menengai, Kenya, Globeleq's first geothermal plant.
- Mocuba Solar 41 MW solar PV plant on 126 hectares in Mocuba, Mozambique, acquired in 2023 with 75% stake.
- Cuamba Solar + BESS 19 MWp solar PV plant with 7 MWh battery energy storage in Cuamba, Mozambique, representing Globeleq's first combined solar and battery storage plant.
- Temane 450 MW Gas Project 450 MW gas-fired power plant in Temane, Mozambique, a Paris-aligned project targeting 2027 commercial operations.
- Namaacha Wind 120 MW wind project on 855 hectares close to Namaacha, Mozambique, planned to connect to Boane substation; Mozambique's first utility-scale wind farm.
- Soutpan Solar Power 31 MW solar PV plant near Vivo, South Africa.
- Konkoonsies Solar Power 11 MW solar PV plant near Pofadder, South Africa.
- Klipheuwel Wind Farm 27 MW wind farm near Caledon, South Africa, partnered with ZX Lidars for wind measurement technology deployment.
- Jeffreys Bay Wind Farm 138 MW wind farm in Jeffreys Bay, South Africa.
- Droogfontein Solar Power 50 MW solar PV plant with 337 MWh battery storage in Kimberley, South Africa.
- De Aar Solar Power 50 MW solar PV plant in De Aar, South Africa.
- Boshof Solar Power 66 MW solar PV plant in Boshof, South Africa.
- Aries Solar Power 11 MW solar PV plant in Kenhardt, South Africa.
- Red Sands ESIPPPP Project 153 MW / 612 MWh battery energy storage project near Upington, South Africa, Africa's largest standalone BESS facility, which won the IJ Global BESS Deal of the Year Africa 2025 award.
- LHPC Solar 27 MWp solar PV project under construction in Kabwe, Zambia, part of the Lunsemfwa Hydro Power Company acquisition.
- Lunsemfwa Hydropower Station 24 MW hydropower plant in Kabwe, Zambia, part of the LHPC portfolio and one of two hydroelectric plants operated by Zambia's first Independent Power Producer.
- Mulungushi Hydropower Plant 32 MW hydropower station in Kabwe, Zambia, forming a cascade with the Lunsemfwa plant and connected to a dedicated transmission network supporting the Southern African Power Pool.
- Leopards Hill Solar and Battery Project 250 MWp solar PV plant combined with 150 MW / 600 MWh battery storage system near Lusaka, Zambia, representing Zambia's largest hybrid renewable energy development.
- Kafue Solar Plant 56 MWp PV project (40 MWac contracted) in Kafue, Zambia, part of the GET FiT Zambia programme.
Quantifiable outcome
- 1,660 MW operational capacity across 14+ locations
- +3 more outcomes
Companies that use Globeleq
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Globeleq technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Globeleq partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and major.
- Leopard Investment CompanycorePartnership on Leopards Hill project (250 MWp solar + 150 MW/600 MWh BESS). Zambia's oldest agricultural company hosting energy infrastructure at Kyindu Ranch.
- Lunsemfwa Hydro Power Company (LHPC)coreGlobeleq acquired 51% equity stake from Norfund. LHPC operates 56 MW hydro capacity and is constructing 27 MWp solar. Enables entry into Zambian market and Southern African Power Pool trading.
- African Rainbow EnergycoreProject partner on Red Sands BESS (153 MW / 612 MWh), Africa's largest standalone battery energy storage project near Upington, South Africa.
- Source EnergiacorePartner on multiple Mozambique projects including Cuamba Solar+BESS, Temane gas plant, and Namaacha wind project development.
- Geothermal Development Company (GDC)corePartnership with Kenyan state-owned GDC for Menengai geothermal project. GDC supplies steam under 25-year agreement; Globeleq operates and maintains the 35MW power plant.
- Toyota Tsusho CorporationmajorEPC contractor for Menengai geothermal project in Kenya. Japanese trading company providing construction services.
- SOLA Group / Aurora Power SolutionscoreConsortium partner awarded 40 MWAC solar projects in Zambia under GET FiT Programme. Joint development of Kafue Solar project.
Scale indicators7 records
Recent moves10 records
Expansion highlights7 records
Globeleq competitors and assessment
Company assessmentBroad incumbents
- Engie Africa: French utility with renewable generation and BESS projects across Morocco, Egypt and South Africa; competes with Globeleq for utility PPAs and C&I offtakers across Africa.
- ACWA Power: Large Middle East-headquartered IPP with growing African footprint in solar, wind and gas; competes for utility-scale tenders across the same geographies as Globeleq.
- EDF Renewables: Global renewable developer with significant South Africa presence via Envusa Energy JV with Anglo American, overlapping with Globeleq's mining-customer PPA strategy.
- Masdar: Abu Dhabi state-backed renewable energy developer with African projects in Egypt, Morocco and Sub-Saharan Africa; competes for large-scale solar and wind tenders similar to Globeleq's pipeline.
Direct peers
- Actis: Global energy infrastructure investor and former parent of Globeleq; continues to back African and emerging-market IPP platforms, making it the most direct strategic peer in Africa power investing.
- Lekela Power: Africa-focused wind and solar IPP backed by Actis and Mainstream; competes directly with Globeleq on utility-scale renewables in Egypt, South Africa and West Africa.
- Mainstream Renewable Power: Global wind and solar developer with deep African project pipeline (e.g., Lekela joint venture) and historical operating overlap with Globeleq in South Africa.
- Scatec ASA: Norwegian renewable IPP with a sizable Sub-Saharan Africa portfolio; sold the 52.5% Mocuba stake to Globeleq in 2023, indicating overlapping operational geographies and counter-direct deal flow.
Others
- African Development Bank (AfDB) / infra funds: Key DFI capital provider and co-financier of Globeleq's Menengai and Namaacha transmission projects; ecosystem participant rather than direct competitor but defines the African infra capital landscape Globeleq operates in.
Regional players
- Cummins Cogeneration Kenya / Independent Power Africa peers: East African IPP ecosystem participants (e.g., Gulf Energy, KenGen private partners) competing for the same Kenyan, Tanzanian and Ugandan utility tenders Globeleq's Menengai and Malindi assets serve.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Globeleq social profiles
Digital presenceGlobeleq financial estimates
Financial estimateRevenue estimate
Valuation estimate
Globeleq leadership team
Management profileNumber of profiles
Profiles10 records
Globeleq subsidiaries and ownership
Company hierarchySubsidiaries1 record
Globeleq funding detail
Funding detailFunding overview
Funding rounds12 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Globeleq M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Globeleq
What does Globeleq do?
Globeleq develops, builds, owns, and operates utility-scale power generation plants across Africa, supplying electricity to national utilities and large private off-takers through long-term power purchase agreements. Its diversified portfolio spans solar PV, wind, hydro, geothermal, gas-fired, and battery energy storage technologies across more than 14 locations in countries including South Africa, Mozambique, Zambia, Kenya, Egypt, Cameroon, and Côte d'Ivoire.
Is Globeleq a public or private company?
Globeleq is a private company. It is classified as corporate owned and is currently operating.
When was Globeleq founded?
Globeleq was founded in 2002. It employs 501 to 1,000 people.
Where is Globeleq based?
Globeleq is headquartered in London, United Kingdom, in the Europe region.
How does Globeleq make money?
One revenue line is on record: power Purchase Agreements (PPAs).
Who are Globeleq's main competitors?
Broad incumbents on record are Engie Africa, ACWA Power, EDF Renewables and Masdar. Direct peers are Actis, Lekela Power, Mainstream Renewable Power and Scatec ASA. African Development Bank (AfDB) / infra funds is listed as an others. Cummins Cogeneration Kenya / Independent Power Africa peers is listed as a regional player.
Does Globeleq have an API?
No public API is recorded for Globeleq.
What industry is Globeleq in?
Globeleq's product category is Independent Power Generation. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUACAGAH, Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA). Its NAICS code is 221114 and its SIC code is 4991.