Izuba Energy
Izuba Energy is a privately held developer of utility-scale solar PV and battery storage projects in African frontier markets, originating first-in-country IPPs and selling or co-developing them after financial close with national utilities and DFIs.
- Company typePrivate
- Founded2016
- HeadquartersClaymont, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Izuba Energy does
Izuba Energy is a privately held renewable energy project developer founded in 2016 and headquartered in Claymont, Delaware, that originates, develops, and transacts utility-scale solar photovoltaic and battery storage projects in African frontier markets. The company's portfolio comprises three core assets: the 8.5 MW Rwanda GWG Solar Field (operational, first utility-scale solar in East Africa and first in sub-Saharan Africa outside South Africa), the 28.6 MW solar plus 19.2 MWh battery Maroua-Guider project in Cameroon (sold to Scatec, first utility-scale solar in Cameroon), and the 24 MW Lesotho NEO 1 Solar Park (Lesotho's first public-private utility-scale solar plant and first IPP). Across projects, Izuba structures 25-year Power Purchase Agreements with national utilities such as Rwanda Energy Group and ENEO Cameroon, secures financing from a blue-chip development finance institution consortium (AfDB, DFC, FMO, Norfund, PIDG, REPP, USTDA, EAIF, EEP Africa), and in some cases sells or co-develops completed projects with larger developers.
Izuba Energy firmographics
Firmographics- Name
- Izuba Energy
- Legal name
- Izuba Energy
- Website
- https://izuba.energy
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Izuba Energy is a privately held developer of utility-scale solar PV and battery storage projects in African frontier markets, originating first-in-country IPPs and selling or co-developing them after financial close with national utilities and DFIs.
- Ownership category
- akta.pro rank
Izuba Energy industry classification
Industry- Product category
- Renewable Energy Project Development
- NAICS
- Solar Electric Power Generation (221114)
- akta.pro primary industry
- Renewable Energy Infrastructure (FSAAAKAG)
Keywords
Where Izuba Energy is headquartered
LocationHeadquarters
- HQ city
- Claymont
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Izuba Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Project Development Services: Izuba Energy develops renewable energy projects from conception through financial close and construction. The company earns fees for project development and may co-develop projects with equity stakes or sell completed project stages to larger developers/investors. Revenue is generated through development fees, co-development arrangements, and project sales (e.g., Cameroon project sold to Scatec).
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Izuba Energy product offering
Product offeringCore offering
Izuba Energy is a renewable energy project developer that originates, develops, finances, and sells or co-develops utility-scale solar photovoltaic and battery storage projects in African frontier markets. The company identifies sites, secures land and regulatory approvals, structures power purchase agreements with national utilities, arranges financing from development finance institutions, and either operates the project or sells the developed asset to a larger sponsor such as Scatec.
Product overview
Izuba Energy is a project developer of renewable energy and sustainable development projects in frontier markets, primarily in Africa. The company focuses on developing utility-scale solar projects and battery storage solutions, positioning itself as the first independent project developer in target countries. Its portfolio includes the operational 8.5 MW Rwanda GWG Solar Field, the 28.6 MW Cameroon Maroua & Guider project with 19.2 MWh battery storage, and the 24 MW Lesotho NEO 1 Solar Park in development. Projects are structured through Power Purchase Agreements, Implementation Agreements, and Connection Agreements with national utilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Rwanda — GWG Solar Field An 8.5 MW utility-scale solar photovoltaic project developed in Rwanda under a 25-year PPA with Rwanda Energy Group (REG). It was the first utility-scale solar PV field in East Africa and increased Rwanda's national generation capacity by 6%.
- Cameroon — Maroua & Guider Solar Project A 28.6 MW solar project with 19.2 MWh co-located battery storage, developed across two sites in Guider and Maroua, Cameroon, with ENEO Cameroon as the power purchaser. The project is part of Cameroon's Northern Integrated Grid and was sold to Scatec.
- Lesotho — NEO 1 Solar Park A 24 MW utility-scale solar project in development in Mafeteng province, Lesotho. It is Lesotho's first public-private utility-scale solar plant and the country's first Independent Power Producer, with an estimated capex of ZAR 430 million.
Companies that use Izuba Energy
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles2 records
Izuba Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Izuba Energy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Norton Rose FulbrightcoreGlobal law firm providing full business law service with over 3,700 lawyers. Provided exceptional legal support to Rwanda project.
- Power Africa (USAID)minorUSAID initiative bringing together technical and legal experts, private sector, and governments to increase energy access. Goal: 60 million new energy connections and 30,000 MW of new power generation.
Scale indicators6 records
Recent moves6 records
Expansion highlights2 records
Izuba Energy competitors and assessment
Company assessmentDirect peers
- BioTherm Energy: South Africa-based independent power producer developing utility-scale wind and solar projects across sub-Saharan Africa. Closely comparable on geography, scale, and IPP business model targeting African utilities under PPAs.
- Scatec: Norwegian-listed utility-scale solar and storage developer with a major Africa platform; acquired Izuba's Cameroon Maroua & Guider project. Closest direct comparable on technology (utility-scale solar + BESS), geography, and business model of developing then selling/co-developing assets.
- Gigawatt Global: Utility-scale solar project developer in East Africa, co-founded by Chaim Motzen (Izuba's co-founder) and the entity that originally developed the Rwanda 8.5 MW project alongside Izuba. Directly comparable mandate, geography, and execution model.
Broad incumbents
- juwi Renewable Energies: German-headquartered renewable energy project developer with utility-scale solar and wind projects in Africa. Comparable on project development and EPC integration capabilities, but operates globally and at much larger scale.
- Globeleq: British-funded IPP operating a diversified portfolio of power generation assets across Africa, including renewables. Comparable in addressing African utility offtake but operates at much larger scale and across multiple technologies.
- Lekela Power: Pan-African renewable energy platform (Actis-backed) operating utility-scale wind and solar across multiple African countries. Comparable on African utility-scale renewables mandate, but larger portfolio and balance sheet than Izuba.
- Windlab (Iberdrola): Australian-origin utility-scale wind and solar developer with projects in southern Africa, now owned by Iberdrola. Comparable on utility-scale renewable development in frontier markets and DFI-financed African projects.
Emerging players
- SunFarming GmbH: German solar project developer with utility-scale and agri-PV projects in East Africa. Comparable on emerging-market solar development and DFI-backed projects, but smaller and earlier-stage footprint than Izuba in some markets.
- PowerGen Renewable Energy: East African renewable energy developer focused on mini-grids and commercial/industrial solar in Kenya, Tanzania, and Rwanda. Comparable on East African renewable energy mandate, but with a more distributed and C&I orientation versus Izuba's utility-scale model.
- Distributed Energy: Sub-Saharan African solar IPP focused on C&I and utility-scale projects across multiple countries. Comparable on African utility-scale solar development targeting private and public offtakers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Izuba Energy social profiles
Digital presenceIzuba Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Izuba Energy leadership team
Management profileNumber of profiles
Profiles6 records
Izuba Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Izuba Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Izuba Energy
What does Izuba Energy do?
Izuba Energy is a renewable energy project developer that originates, develops, finances, and sells or co-develops utility-scale solar photovoltaic and battery storage projects in African frontier markets. The company identifies sites, secures land and regulatory approvals, structures power purchase agreements with national utilities, arranges financing from development finance institutions, and either operates the project or sells the developed asset to a larger sponsor such as Scatec.
Is Izuba Energy a public or private company?
Izuba Energy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Izuba Energy founded?
Izuba Energy was founded in 2016. It employs 1 to 10 people.
Where is Izuba Energy based?
Izuba Energy is headquartered in Claymont, United States, in the North America region.
How does Izuba Energy make money?
One revenue line is on record: project Development Services.
Who are Izuba Energy's main competitors?
Direct peers on record are BioTherm Energy, Scatec and Gigawatt Global. Broad incumbents are juwi Renewable Energies, Globeleq, Lekela Power and Windlab (Iberdrola). Emerging players are SunFarming GmbH, PowerGen Renewable Energy and Distributed Energy.
Does Izuba Energy have an API?
No public API is recorded for Izuba Energy.
What industry is Izuba Energy in?
Izuba Energy's product category is Renewable Energy Project Development. Its primary akta.pro industry code is FSAAAKAG, Renewable Energy Infrastructure. Its NAICS code is 221114.