Izuba Energy

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.

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

Product category

Renewable Energy Project Development

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Utility-scale solar development
• Battery storage projects
• Renewable energy development
• Independent power producer
• Solar project finance

Headquarters

HQ city

Claymont

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. 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

Core 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.

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• Norton Rose FulbrightcoreImplementation/ SI/ Consulting PartnerGlobal law firm providing full business law service with over 3,700 lawyers. Provided exceptional legal support to Rwanda project.
• Power Africa (USAID)minorStrategic or Co-development PartnerUSAID 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

Direct 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

• LinkedInlinkedin.com/company/izuba-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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 Izuba Energy