G7 Renewable Energies

Name

G7 Renewable Energies

Legal name

G7 Renewable Energies (Pty) Ltd

Website

https://g7energies.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

G7 Renewable Energies is a vertically integrated South African Independent Power Producer that develops, builds, owns, and operates utility-scale wind, solar PV, battery storage, and hybrid renewable energy projects, selling long-term PPAs primarily to Eskom and to large mining companies.

Ownership category

akta.pro rank

Product category

Independent Power Production / Utility-Scale Renewable Energy Generation

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)

akta.pro secondary industries

Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE)

Keywords

• Utility-scale wind energy
• Solar PV development
• Battery energy storage
• Independent power producer
• Hybrid renewable projects

Headquarters

HQ city

Cape Town

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Power Purchase Agreements (PPAs) — Government Procurement: G7 develops renewable energy projects that are bid into and awarded under South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and Risk Mitigation IPP Procurement Programme (RMIPPPP). Revenue is generated through long-term (typically 20-year) PPAs with state utility Eskom, providing contracted, bankable revenue for the life of each project.
2. Private Offtake / Wheeling Agreements: G7 secures direct PPAs with private offtakers — notably mining companies such as Northam Platinum — for the supply of renewable energy via wheeling arrangements over the national grid. These commercial agreements provide contracted revenue independent of government procurement rounds.
3. Project Development & Sale: G7 originates and develops projects through to financial close, then sells or co-invests with equity partners (e.g., Red Rocket, ENGIE, Cennergi) while retaining operational management roles. G7 retains ownership in select assets (Karreebosch, Oya). Revenue includes development fees, equity returns, and ongoing asset management fees.
4. Asset Management & Operations: G7 provides ongoing asset management, performance optimisation, compliance reporting, and operations services for its own and third-party-owned renewable energy assets. Revenue generated through multi-year O&M and asset management contracts.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

G7 Renewable Energies is a vertically integrated Independent Power Producer that develops, engineers, builds, owns, and operates utility-scale renewable energy projects in South Africa, spanning wind farms, solar PV plants, battery energy storage systems, and co-located hybrid facilities. Its primary commercial products are long-term (20-year) Power Purchase Agreements with state utility Eskom under the REIPPPP/RMIPPPP programmes and bilateral wheeling PPAs with private industrial offtakers such as mining companies.

Product overview

G7 Renewable Energies is a vertically integrated Independent Power Producer (IPP) that develops, engineers, builds, owns, and operates utility-scale renewable energy projects across South Africa. The company's core product portfolio consists of wind farms, solar PV projects, battery energy storage systems (BESS), and hybrid energy solutions that combine multiple technologies on single sites with intelligent hybrid controllers. G7 operates across the full project lifecycle through service modules including Greenfield Development, Engineering & Procurement, Construction Management, Asset Management, and Financing & Structuring. Key project assets include the Karreebosch Wind Farm (140-150 MW, under construction), the Oya Energy Hybrid Facility (128 MW, one of Africa's largest hybrid projects combining 86.4 MW wind, 155 MW solar PV, and 94 MW/242 MWh battery storage), and completed projects such as Roggeveld Wind Farm (147 MW), Brandvalley Wind Farm (147 MW), Rietkloof Wind Farm (140 MW), and Witberg Wind Farm (108 MW).

Differentiator

Problem solved

Functional benefit

Products and services

• Karreebosch Wind Farm 140 MW utility-scale wind farm between Sutherland and Matjiesfontein in the Western Cape, featuring 25 Goldwind turbines with 6.0 MW rated capacity and 165m rotor diameter. Developed by G7 Renewable Energies alongside Cennergi Holdings; G7's first build-own-operate project, supplying 460 GWh/year to Northam Platinum under a 20-year wheeling PPA.
• Oya Energy Hybrid Facility

Quantifiable outcome

• 613 GWh/year of clean electricity generation (Roggeveld Wind Farm)
• +6 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Cennergi Holdings Pty Ltd (Exxaro Resources Limited)coreStrategic or Co-development Partner · 1 February 2025Cennergi Holdings, a wholly owned subsidiary of Exxaro Resources Limited, is a co-owner of the Karreebosch Wind Farm alongside G7 (developer and future operator) and Northam Platinum (offtaker). Cennergi/Exxaro's participation aligns with Exxaro's decarbonisation and diversification strategy.
• Northam Platinum Holdings LimitedcoreStrategic or Co-development Partner · 1 February 2025Northam Platinum is the private offtaker for the 140 MW Karreebosch Wind Farm, signing a 20-year PPA to purchase renewable energy for its mining operations. Northam is also a project co-investor alongside G7 and Cennergi.
• GoldwindcoreTechnology or Integration · 1 February 2025Goldwind is the turbine supplier and installer for the Karreebosch Wind Farm, providing 25 Goldwind turbines each with a 165-meter rotor diameter and 6 MW rated capacity. Goldwind serves as the original equipment manufacturer (OEM).
• ConcorcoreImplementation/ SI/ Consulting Partner · 1 February 2025Concor (balance of plant contractor) oversees all civil and electrical works at the Karreebosch Wind Farm site, including the critical grid connection infrastructure. Concor is also responsible for environmental management and biodiversity protection on-site.
• Vigo Energy GroupminorStrategic or Co-development Partner · 1 February 2025Vigo Energy Group is listed as an empowerment partner in the Oya Energy consortium alongside G7, ENGIE, Meadows Energy, and Perpetua. The group contributes B-BBEE credentials to the project structure.
• South African Renewable Energy Development Zones (REDZ)minorOthers · 1 February 2025The Oya Energy Hybrid Facility falls within the Komsberg Renewable Energy Development Zone (REDZ), gazetted on 16 February 2018 (GN 114). REDZ designation streamlines environmental permitting and grid connection for renewable energy projects in designated zones.
• ENGIEcoreStrategic or Co-development Partner · 13 February 2024ENGIE holds 35% equity in the Oya Energy Hybrid Project (128 MW), the largest hybrid renewable energy project of its kind in Africa. G7 retains 20% equity as original developer. ENGIE is a global energy company providing operational expertise and capital for the project, which integrates co-located wind (86 MW), solar PV (155 MW), and battery storage (94 MW/242 MWh) in the Karoo.
• Meadows EnergycoreStrategic or Co-development Partner · 13 February 2024Meadows Energy holds 22.5% equity in the Oya Energy Hybrid Project as an empowerment partner, contributing to the project's Broad-Based Black Economic Empowerment (B-BBEE) credentials and local knowledge.
• Perpetua Investment HoldingscoreStrategic or Co-development Partner · 13 February 2024Perpetua Investment Holdings holds 22.5% equity in the Oya Energy Hybrid Project as an empowerment partner, providing B-BBEE credentials and local investment expertise.
• Red Rocket EnergycoreStrategic or Co-development Partner · 13 April 2018Red Rocket Energy acquired G7-developed projects including Roggeveld (147 MW, sold 2014), Brandvalley (140 MW), and Rietkloof (140 MW). Red Rocket successfully bid these projects into REIPPPP Bid Windows 4 and 5, providing equity sponsorship and taking projects to financial close and commercial operation.
• Nordex GroupcoreTechnology or Integration · 13 April 2018Nordex Group was the turbine supplier for the Roggeveld Wind Farm, providing 47 wind turbines (AW125/3150 3.15MW and AW125/3000 3.00MW models) with 125m rotor diameter and 100m hub height. Nordex executed a full EPC contract for the project.
• SAWEA (South African Wind Energy Association)minorOthersG7 is an active participant and member of SAWEA, South Africa's industry body for wind energy. G7's CEO served as a board member from 2009-2011. G7 contributes to industry policy development and best practice shaping through SAWEA working groups.

Scale indicators11 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Red Rocket Energy: South African wind and solar IPP that acquired multiple G7-developed projects (Roggeveld, Brandvalley, Rietkloof, Klawer). Directly comparable in business model, geography, and technology stack, and operates as both a development partner and competitor for new project wins.
• Cennergi Holdings (Exxaro Resources): South African IPP and subsidiary of Exxaro Resources, co-invested with G7 in Karreebosch. Operates utility-scale wind and solar projects under similar REIPPPP/private offtake structures, making it a directly comparable South African hybrid IPP peer.
• Mulilo Renewable Energy: One of South Africa's largest privately-owned renewable energy IPPs, developing and operating utility-scale wind, solar PV, and battery storage projects. Closely comparable in vertically integrated IPP model and South African project portfolio.
• Solar Capital: South African renewable energy developer and IPP with utility-scale solar PV and wind projects, including REIPPPP bid wins. Comparable in geography, scale, and project economics, with overlapping customer segments in mining and industrial offtakers.
• Mainstream Renewable Power: Global renewable energy developer with significant South African wind and solar project pipeline through REIPPPP bid windows. Comparable in utility-scale project development model and government procurement participation.

Broad incumbents

• ENGIE (Africa operations): Global energy major and 35% equity holder in G7's Oya Energy project. Operates broad utility-scale wind, solar, and BESS across Africa including South Africa, providing both a partnership and competitive reference point for hybrid renewable IPPs.
• Globeleq: British-owned African power developer and operator with utility-scale wind and solar assets across multiple African markets. Comparable in vertically integrated IPP model and focus on African renewable generation, though with broader geographic footprint.
• Enel Green Power (South Africa): Global renewable IPP with active South African wind and solar project portfolio including REIPPPP bid wins. Comparable in technology and business model but operates at substantially larger global scale.
• EDF Renewables (South Africa): Global renewable IPP with established South African presence via REIPPPP bid windows. Comparable in utility-scale wind/solar development and project finance structuring, though with significantly broader international portfolio.

Regional players

• African Clean Energy Developments: South African renewable energy developer focused on utility-scale wind and solar projects, overlapping with G7's Karoo region project geography and REIPPPP participation.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/KilianHagemann
• LinkedInlinkedin.com/company/g7renewableenergies

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about G7 Renewable Energies