About Etana Energy
Deeply experienced executive team, backed by strong local and international shareholders and guarantee providers
Our Shareholders
Our shareholders bring decades of local and international experience and a proven track record of delivering and financing large-scale clean energy projects across South Africa and beyond.
H1 Holdings
A South African Renewable Energy Juggernaut
H1 Holdings is a 100% black-owned South African investment company, founded in 2000, focused on high-ESG power projects. Its 2.8GW renewable portfolio includes hybrid projects with 1.1GWh battery storage, of which 1.9GW is operating and the remainder under construction.
Norfund
Owned and Funded by the Norwegian Government
Norfund invests in businesses driving sustainable development. It focuses on clean energy, financial institutions, and green infrastructure, supporting solar, wind, hydropower, biomass, and geothermal projects to expand energy access and accelerate the carbon-neutral transition.
Chariot Transitional Power
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Chariot Transitional Power (CTP), part of AIM-listed Chariot Limited, develops and finances renewable energy solutions for mining and industrial offtakers across Africa. An independent power producer, CTP has over 1GW of renewable and hybrid projects at varying development stages.
Standard Bank
Africa's Largest Bank
Standard Bank operates in 20 African countries and global markets, offering financial services from personal and business banking to corporate, investment, and wealth management. Committed to net zero by 2050, it is expanding financing for renewable projects, energy, and infrastructure.
Our Guarantee Providers
Etana Energy is proud to be backed by world-class financial institutions committed to accelerating South Africa’s clean electricity transition.
In 2024, we secured a landmark R1.8 billion guarantee facility with GuarantCo (part of the Private Infrastructure Development Group) and British International Investment (BII), the UK’s development finance institution.
Standard Bank, Africa’s largest bank has also provided a R1 billion payment guarantee facility.
These partners share our belief in market innovation and back our model for unlocking low-carbon electricity at scale.
Evan Rice
Chief Executive Officer
Jay Govender
Chief Commercial & Legal Officer
Nimal Chabilall
Head of Operations
Jevon Martin
Head of Business Development
Krayvasan Govender
Chief Financial Officer
Sam van Embden
Head of Analytics & Trading
Meet Our Executive Team
Leadership team with 80+ years of local and international experience in the energy sector
A Majority Black-Owned
Energy Trader
Our contracts are business-friendly, and as a majority black-owned company, your Etana Energy purchases contribute significantly to your BBBEE scorecard.
Our Trading Licence
Etana was issued an energy trading licence by the National Energy Regulator of South Africa (NERSA) in May 2022. This license authorises Etana to buy and sell electricity in South Africa, on both Eskom and municipal electricity networks (where wheeling tariffs are in place).
Built On Principles That Power Progress
Our values guide every decision — ensuring our energy solutions serve people, partners, and the planet.
Sustainability & Environmental Stewardship
Sustainability is core to our identity, and we focus only on low carbon energy.
Shared Value
We aim to create value for everyone involved, including partners, customers, communities and the country at large.
Integrity
Transparency and fairness is at the core of how we operate.