BioTherm Energy, an African giant in solar energy have committed to supporting the Women in STEM programme, as a direct result of the introductions from Elsie Kanza of the World Economic Forum on Africa. This makes BioTherm the first Renewable Energy player to promote the building of Africa’s First Private Satellite by young African women in high school.
BioTherm Energy, an African renewable energy development platform is one of South Africa’s leading renewable energy developers and has three operational wind and solar projects allocated under the SA Renewable Energy Independent Power Producers (REIPPP) Program. With the company having recently secured four Zambian PPA’s as well as being shortlisted in the Ugandan Get Fit solar facility, it is actively expanding its activities throughout the rest of the continent, focusing on wind and solar project development, financing, construction and operations. Founded in 2003, BioTherm Energy’s objectives were initially focused on the development of gas and waste heat cogeneration projects. The company has transformed itself into an African renewable energy development platform and independent power producer. It was in 2008, when Denham Capital, an energy and commodities focused global private equity fund, (www.denhamcapital.com) with US$ 7.9 billion under management, invested and committed capital into the business in order to build and acquire a pipeline for renewable energy projects across the African continent.
A proud African company, BioTherm is a strong advocate for expanding the renewable energy sector, not just as an energy source but as an integral part of economic, environmental and social aims for a respective country. The management at BioTherm strongly believes in the enormous potential of renewable energy on the African continent and the role it has to play in the continent’s growing economy. BioTherm has the unique ability to fully develop renewable energy projects in-house with experts in site development, financing and construction management amongst other things.
BioTherm is working on multiple fronts to ensure that a constant supply of renewable energy can be brought into the African market. The company is focusing on expanding their development pipeline with strong resource projects as well as working with governments, local partners and industry associations to extend renewable energy commitments across the continent. At present, the development of wind and solar energy is progressing at a staggering pace. Thanks to the abundance of natural resources, the African continent is well suited to harness these resources into much needed power supply. With a severe increase in power demand and a decrease in production capability, renewable energy is a great alternative solution for the continents power generation needs.
BioTherm Energy is a company of many firsts in the South African market:
BioTherm aims to continue to play a major role in the growth of private power generation in Africa.
This partnership was born through direct championing from Elsie Kanza, Head of the World Economic Africa who announced her legacy goal to have an African female astronaut in space. Since 2014, Elsie Kanza has championed development through her role as Head of Africa, Member of Executive Committee, World Economic Forum.
What a great partnership from the World Economic Forum Africa, making it one step closer for African young women to reach for the stars through the MEDO Space Programme.