About Etana Energy

Deeply experienced executive team, backed by strong local and international shareholders and guarantee providers

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 and managed investment company based in South Africa which was founded in 2000, and with a strong focus on power projects with a high ESG impact. H1 has a diversified portfolio of 2.8GW of renewable energy generation assets, including a hybrid project portfolio with 1.1GWh of battery storage, of which 1.9GW is in operation, and the rest in construction.

Chariot Transitional Power

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Chariot Transitional Power (CTP) is part of the AIM-listed Chariot Limited, an Africa-focused transitional energy group. CTP is an energy developer and independent power producer that develops and invests in innovative, fully-financed, energy solutions for mining and industrial offtakers across the African continent. CTP has more than 1GW of renewable and hybrid projects at various stages of development.

Standard Bank

Africa's Largest Bank

Standard Bank operates in 20 African countries and key global markets, offering a wide range of financial services, including personal and business banking, corporate and investment banking, and wealth management. Standard Bank is committed to achieving net-zero emissions by 2050 and supporting a just energy transition in Africa. The bank is actively expanding its financing for renewable energy projects, distributed energy systems, and associated energy infrastructure.

Norfund

Owned & Funded By The Norwegian Government

Norfund, the Norwegian Investment Fund for Developing Countries, is dedicated to creating jobs and improving lives by investing in businesses that drive sustainable development. Norfund focuses on sectors such as clean energy, financial institutions, and green infrastructure. Norfund invests in renewable energy to increase energy access and supply in developing countries. It supports projects in solar, wind, hydropower, biomass, and geothermal energy, aiming to accelerate the transition towards a carbon-neutral economy.

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.

Meet Our Executive Team

Leadership team with 80+ years of local and international experience in the energy sector

Work With Us →

Evan Rice

Jay Govender

Nimal Chabilall

Jevon Martin

Krayvasan Govender

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).