AFRICA—Globeleq, an independent power company in Africa, has appointed Jonathan Hoffman as the interim Chief Executive Officer (CEO). Hoffman will replace Mike Scholey, who will step down at the end of June 2024.
Jonathan Hoffman joined Globeleq in 2010 and has been Chief Development Officer since 2020.
He has led the development and investment team as they have secured deals and new investments across Africa, including, most recently, the award of Red Sands, the largest standalone battery storage project on the continent.
Jonathan has over 20 years of experience in the power sector, having worked previously for ABB Energy Ventures and InfraCo, which he co-founded.
“I am very pleased that Jonathan has agreed to become interim CEO of Globeleq. His appointment provides the business with important continuity over the coming months while the Board and shareholders consider a permanent replacement for Mike,” Laurence Mulliez, Chair of Globeleq, said.
“Jonathan has 14 years of experience at Globeleq, where he has originated and delivered investments and built teams that have created substantial value for the Group.
“With the Group performing well and myriad growth opportunities, I am certain that Globeleq will thrive under Jonathan’s leadership.”
Mike Scholey has been CEO of Globeleq since January 2020 having previously been the Group’s Chief Operating Officer and Chief Financial Officer.
During his time at Globeleq, Mike has been instrumental in sealing multiple deals, growing Globeleq by over 900MW, as well as improving performance at our operating assets across Africa.
“Through Mike’s leadership, Globeleq now has a portfolio of assets producing 1,800 MW of power across Africa with a further 500 MW under construction and an exciting pipeline of growth opportunities across the continent,” said Laurence.
“I am pleased that Mike has agreed to chair Globeleq’s Investment Committee over the coming months to provide continuity during this interim period.”
Globeleq is owned 70% by British International Investment and 30% by Norfund, and it is the leading developer, owner, and operator of electricity generation in Africa.
Since 2002, its experienced professionals have built a diverse portfolio of independent power plants, generating 1,794 MW in 17 locations across seven countries. It has a further 485 MW in construction and more than 2,000 MW in power projects in development.
Globeleq recently acquired a 48.3% stake in Egypt’s 25 MW Winnergy solar plant. Winnergy, which has been in operation since 2019, is located in Egypt’s gigawatt-scale Benban Solar complex and is adjacent to Globeleq’s 66 MW ARC solar plant.
Globeleq bought the stake from Enerray, Enerray Global Solar Opportunities, and Desert Technologies. It is now the co-shareholder of the Winnergy facility alongside Egypt’s GILA Altawakol Electric. The two parties will cooperate on the plant’s operation.
The Winnergy plant was developed as part of the second round of the Egyptian government’s feed-in-tariff program. Under a 25-year power purchase agreement with Egyptian Electricity and Transmission Co. (EETC), it provides approximately 58 GWh of clean electricity annually, or enough to provide power to around 13,600 residential consumers.
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