What AXIAN Energy does

AXIAN Energy is a pan-African renewable energy operator and a division of Mauritius-headquartered AXIAN Group, founded in 2015 by Hassanein and Amin Hiridjee. The company develops, finances, builds, and operates utility-scale solar photovoltaic power plants, often paired with battery energy storage systems (BESS), and sells the generated electricity to state utilities and industrial customers under long-term (typically 25-year) power purchase agreements. Its core technology stack centers on solar PV generation, lithium-ion battery storage, and hybrid renewable systems, with the flagship NEA Kolda project (60 MW solar + 72 MWh BESS in Senegal) positioned as West Africa's largest integrated solar-storage facility. The current operating portfolio exceeds 300 MW across Madagascar, Senegal, Burkina Faso, Benin, Rwanda, and Zambia, with a stated target of 2 GW installed renewable capacity by 2030.

AXIAN Energy generates revenue primarily through subscription-style, contract-based recurring revenue streams: long-term PPAs with state utilities (Senelec, EDM), battery storage dispatch services, and rural electrification tariffs from its WeLight mini-grid subsidiary across Madagascar and Mali (186 villages, 200,000 people connected). A secondary, transitional revenue stream comes from petroleum retail through the Jovena (Madagascar) and Eydon (Senegal) fuel station networks spanning 135 stations, operated under a JV (GES) with GreenYellow to gradually pivot fuel margins toward solar-adjacent offerings. Customers are split between government utilities (primary off-takers for utility-scale projects), national governments pursuing renewable targets, rural residential and micro-business consumers (mini-grids), and island/off-grid markets. Project financing is structured with development finance institutions (EAIF, FMO, DEG) and corporate lenders (MCB), and the company pursues B-Corp, SBTi, and ISO 45001 certifications to maintain access to concessional capital. AXIAN Energy reported USD 510 million in revenue in 2024 across approximately 800 energy-division employees operating in 9 countries with direct operations and a wider footprint of 13 markets in development.

Name

AXIAN Energy

Legal name

AXIAN SUPPORT SERVICES

Website

https://axian-energy.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

AXIAN Energy is a pan-African renewable energy developer and operator (division of AXIAN Group) building utility-scale solar, battery storage, and mini-grid projects under 25-year PPAs with state utilities across 9 African countries, supplemented by a 135-station fuel retail network.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation and Distribution

NAICS

Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Distributed Generation (DG) Solar & Small Wind (EUAMAJAD)

akta.pro secondary industries

Microgrid Development, EPC & Integration (EUAMAJAB), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Energy Management Systems & Plant Controllers (PPC, AGC Participation, Curtailment Control) (EUAMAIAI)

Keywords

• Renewable energy generation
• Solar power plants
• Battery energy storage
• Rural electrification
• Energy distribution

Headquarters

HQ city

Ebène

HQ country

Mauritius

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Renewable Energy Generation (Utility-Scale Solar): Revenue from selling electricity under long-term PPAs to state utilities (Senelec, EDM) and industrial customers. Projects include NEA Kolda (60 MW), NEA Minersol (15 MW), NEA Nagreongo (30 MW), NEA Rwanda (8.5 MW), Benin solar (50 MW), and NEA Ambatolampy (40 MWp).
2. Battery Storage Services: Revenue from dispatchable battery storage capacity providing grid stability services, integrated with solar generation at NEA Kolda (72 MWh) and other project sites.
3. Rural Electrification (Mini-Grids): WeLight subsidiary generates revenue from sustainable mini-grid operations providing electricity to villages and households in off-grid areas.
4. Fuel Distribution: Revenue from fuel station network operations through Jovena (Madagascar) and Eydon (Senegal) brands, with 135 fuel stations across operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

AXIAN Energy develops, owns, and operates utility-scale solar PV power plants integrated with battery energy storage systems across Africa, selling the generated electricity to state-owned utilities under long-term Power Purchase Agreements. Through its WeLight subsidiary, it provides off-grid rural electrification via solar mini-grids, while its Jovena (Madagascar) and Eydon (Senegal) networks operate downstream fuel distribution and retail station businesses. The company is positioned as a vertically integrated pan-African energy platform spanning greenfield renewable generation, storage, off-grid distribution, and fuel retail.

Product overview

AXIAN Energy is a pan-African renewable energy company that operates a portfolio of energy products and services. The offering consists of NEA (New Energy Africa) for utility-scale solar and battery storage projects, WeLight for rural electrification via mini-grids, Jovena and Eydon for fuel station networks, MoCo for energy transition solutions, and CGHV for green energy solutions. Together, these brands address the full energy spectrum from renewable power generation to distribution and rural access.

Differentiator

Problem solved

Functional benefit

Brands

• NEA (New Energy Africa): Renewable energy subsidiary developing and operating solar and hybrid power plants across Africa
• WeLight
• Jovena
• Eydon
• MoçO
• CGHV

Products and services

• NEA (New Energy Africa) Utility-scale solar PV power generation integrated with Battery Energy Storage Systems, delivered to state-owned national utilities under long-term Power Purchase Agreements. Targeted at governments and utilities in African markets seeking additional generation capacity and renewable energy procurement.
• WeLight Rural Electrification Mini-Grids Solar mini-grid based off-grid electricity service providing lighting, phone charging, and productive-use power to rural households and small businesses without access to the main grid. Operated as a concession-style service in unserved communities.
• Jovena Fuel Station Network (Madagascar) Retail distribution of motor fuels, lubricants, and related petroleum products to individual motorists, transport operators, and commercial fleet customers through a network of branded service stations in Madagascar.
• Eydon Fuel Station Network (Senegal) Retail distribution of motor fuels, lubricants, and related petroleum products to individual motorists, transport operators, and commercial fleet customers through a network of branded service stations in Senegal.
• NEA Kolda Solar Power Plant with BESS Specific utility-scale solar PV power generation asset with integrated battery energy storage in the NEA portfolio, supplying electricity under PPA to a state utility.
• Benin Solar Power Plants Utility-scale solar PV generation projects developed in Benin under the NEA platform, supplying electricity to the local state utility under long-term PPA.
• NEA Ambatolampy (Madagascar Solar Power Plant) Utility-scale solar PV power plant in Madagascar developed under the NEA platform, supplying electricity to Madagascar's state utility under a long-term PPA.

Quantifiable outcome

• 65,000 tons of CO2 avoided annually by Ambatolampy solar power plant
• +7 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered growth, core and minor.

• Zambia Solar Plant AcquisitiongrowthStrategic or Co-development Partner · 16 October 2025AXIAN Energy acquired a 54 MWp solar plant in Zambia, strengthening its renewable energy footprint in Southern Africa.
• Africa VIAcoreStrategic or Co-development Partner · 9 October 2025Africa VIA partnered with Infraco Africa and AXIAN Energy to officially launch the Kong Solaire project, a solar energy initiative in Africa.
• Infraco AfricacoreStrategic or Co-development Partner · 9 October 2025Infraco Africa partnered with Africa VIA and AXIAN Energy for the Kong Solaire project launch, combining development finance expertise with local operational capabilities.
• Sika CapitalcoreStrategic or Co-development Partner · 22 August 2025Sika Capital and AXIAN Energy announced construction of 4 solar power plants in Benin with 50 MW total installed capacity and €45 million total investment.
• SeneleccoreStrategic or Co-development PartnerSenelec, the state electricity utility of Senegal, entered into a 25-year PPA with AXIAN Energy for the NEA Kolda project, purchasing 91 GWh of clean electricity annually.
• Jovena & EydoncoreChannel Partner/ Reseller/ DistributorJovena (Madagascar) and Eydon (Senegal) fuel station networks with 135 stations distribute petroleum products under AXIAN Energy's energy transition operations.
• GreenYellowgrowthStrategic or Co-development PartnerJoint venture partner in GES (Green Energy Solutions), combining Jovena's fuel distribution network with GreenYellow's solar expertise for energy transition solutions.
• SagemcomgrowthStrategic or Co-development PartnerJoint venture partner in WeLight, combining AXIAN Group's energy and telecom capabilities with Sagemcom's technology expertise for rural electrification solutions.
• UN Global CompactminorOthersAXIAN is a participant in the UN Global Compact, aligning business operations with UN sustainable development goals and principles.
• Africa Business Leaders Coalition (ABLC)minorOthersAXIAN participates in the Africa Business Leaders Coalition, engaging with peer companies on sustainable business practices and climate commitments.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Enel Green Power: Global renewable energy major (part of Enel Group) with utility-scale solar, wind, and storage operations across multiple continents including Africa. Comparable in integrated solar-storage IPP model, though Enel Green Power is vastly larger and more diversified across geographies and technologies.
• ENGIE Africa: French multinational utility with substantial renewable and conventional generation operations across Africa, including mini-grids and distributed energy. Comparable as a multi-country African power player with utility-scale and energy-access businesses, though ENGIE operates at vastly larger scale and across many other geographies and technologies.

Direct peers

• Sun King (Greenlight Planet): Largest off-grid solar energy company in sub-Saharan Africa and Asia, providing pay-as-you-go solar home systems to households. Comparable in distributed/rural energy access model across Africa, though focused on smaller-scale pay-as-you-go products rather than mini-grids.
• Globeleq: UK-based power generation platform majority-owned by British International Investment, focused exclusively on sub-Saharan Africa with a portfolio of thermal, renewable, and transmission assets. Highly comparable in multi-country African footprint, utility offtake model, and DFI-backed project finance approach.
• Scatec ASA: Norwegian-listed renewable energy independent power producer with significant utility-scale solar and storage operations across sub-Saharan Africa (including South Africa, Mozambique, and West Africa). Closely comparable in business model (utility-scale IPP with DFI-backed project finance) and customer base (state utilities under long-term PPAs). AXIAN Energy's CIO previously held an M&A role at Scatec.
• PowerGen Renewable Energy: Pan-African renewable energy company (now part of ENGIE) that designs, installs, finances, and operates solar PV and battery systems for commercial customers and mini-grids in East and West Africa. Closely comparable to WeLight's mini-grid and distributed solar franchise.
• Lekela Power: Pan-African renewable energy platform (originally backed by Actis) operating utility-scale wind and solar across South Africa, Egypt, Senegal, and Ghana. Closely comparable as an Africa-focused renewable IPP pursuing long-term PPAs with state utilities and similar DFI financing structures.
• CrossBoundary Energy: Africa-focused renewable energy platform providing distributed solar and battery solutions to commercial and industrial customers and operating mini-grids. Comparable in mini-grid operations and distributed renewable energy focus, particularly relevant for WeLight's mini-grid business model.
• Husk Power Systems: Developer and operator of mini-grids and distributed solar across sub-Saharan Africa and South Asia, serving rural communities and SMEs. Comparable to WeLight's rural electrification franchise, with similar unit economics and pay-as-you-go models.

Emerging players

• Distributed Energy: African-focused clean energy platform developing renewable projects including solar PV and battery storage. Comparable as a smaller emerging renewable developer targeting similar African utility and commercial offtakers, though at significantly smaller scale than AXIAN Energy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AxianGroup
• YouTubeyoutube.com/@axiangroup
• Facebookfacebook.com/axiangroup
• LinkedInlinkedin.com/company/axian-group
• Instagraminstagram.com/axiangroup
• TikToktiktok.com/@axiangroup

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about AXIAN Energy