OUR VISION
Adenium aims to originate, finance and manage a portfolio of
over 1,500MW of energy-producing assets by 2020.
We’ve already developed and financed 300MW of solar PV assets –
so we’re well on our way to achieving this aim.
OUR STRATEGY
We follow an end-to-end approach to originating, financing and
managing clean energy projects.
This strategy allows Adenium to maximize value for our
co-investors and shareholders. It’s a proven success, managed by
our in-house experts and supported by top-tier legal, tax and
technical consultants.
ORIGINATION AND DEVELOPMENT
We use our extensive industry network and in-house expertise to
identify long-term investment opportunities. Adenium funds and
manages planning studies and permissions, sets up country-specific
project companies, and manages the entire project development
process in collaboration with local partners.
FINANCING
We finance our projects on a non-recourse basis, working in
partnership with strategic co-investors, commercial lenders and
development finance institutions active in this space.
ASSET MANAGEMENT
Adenium’s team performs the day-to-day investment and
administrative operations needed to manage the assets.
WHO WE AREAdenium Energy Capital is a proprietary investment
firm that develops, finances, owns and operates a global portfolio
of renewable energy projects.
We launched in 2010 and have been committed to developing
alternative energy assets around the world ever since.
Based in Dubai, Adenium Energy Capital is the result of a joint
enterprise from some of the leading entrepreneurs in the Middle
East. Our projects generate long-term results for our stakeholders,
while also expanding the clean energy generation capacities of
regions looking to increase their renewable resources.
PROJECTSAdenium’s projects are located in the Middle East, Asia,
Africa and Europe.
Several are already live and achieving stable, long-term,
non-market correlated returns for us and our co-investors. Further
projects are currently in development – and we’re always looking to
develop even more projects in our target markets.
JAPANJapan is a key region for Adenium – we aim to reach to a
250MW PV portfolio there by 2020. The country represents an
attractive, low-risk market for utility-scale solar PV thanks in
part to the market-adjusted feed-in tariff scheme implemented under
the Renewable Energy Act.
In operation Kawasaki project
• 20MWdc solar PV plant in Tagawa, 40km from Fukuoka Airport
• The area of the plant spans over 30 hectares
• It produces 24 GWh of energy annually
• The electricity it provides can power more than 4,309
households
• 20-year power purchase agreement contracted with Kyushu
Electric Power
• Non-recourse project financed by Shinsei Bank
In Financing
Beppu, Hirono and Yamada
• Expected completion dates: from Q2/Q3 2018
• 57MWdc of solar PV plants in Fukuoka Prefecture and Iwate
Prefecture
• They will produce a combined total of 73 GWh of energy
annually
• The electricity it will provide would be enough to power over
10,750 households
• 20-year power purchase agreements contracted with Kyushu
Electric Power and Tohoku Electric Power
• They will be non-recourse project financed
JORDANWe’ve developed and financed four solar photovoltaic
projects in Jordan, adding a total of 57MWdc of clean, renewable
energy generation capacity to its grid.
In operation
Jordan Solar One (24MWdc), Al Zanbaq (11MWdc), Zahrat Al
Salam(11MWdc), and Al Ward Al Joury (11MWdc)
• Solar PV plants in Mafraq and the Ma’an Development Area
• The area of the plants spans over 86 hectares in total
• They produce a combined total of 130 GWh of energy
annually
• The electricity they provide could power more than 25,000
households
• 20-year power purchase agreements contracted with National
Electric Power Company
• Non-recourse project financed with the International Finance
Corporation (IFC) as lead
In Financing
Lafarge Cement Jordan
• Expected commissioning date: Q3/Q4 2017
• 15MWdc solar plant in Tafilah• The area of the plants
spans
over 30 hectares• It will produce 34GWh
of energy annually• It will be non-recourse project
financed
ITALYExited
Adenium’s first investment, this project successfully generated
strong returns to its investors throughout its life until our exit
in December 2016.
The portfolio was co-managed by Adenium and the UK-based
Foresight Group.
Comprising 30 assets across Italy, the installed capacity is
90MW.
KENYAAdenium is actively developing projects in Kenya due to the
country’s excellent solar irradiation levels, wind speed and
attractive renewable energy framework.
In Development
Gogar I Solar Park and Mwingi I Solar Park
• Expected commissioning dates: from Q4 2017 to Q1 2018
• 2 x 12MWdc of solar plants in Nakuru and the Mwingi Area
• The area of the plants spans over 75 hectares in total
• They will produce 50GWh of energy annually
• They will be non-recourse project financed
FURTHER PROJECTSIn DevelopmentSub-Saharan Africa, the Middle
East and North Africa and South-East Asia
Emerging and developing economies in Sub-Saharan Africa, the
Middle East and North Africa (MENA), and South-East Asia have an
ever-growing demand for reliable and affordable energy.
The independent power producer (IPP) market for renewable
projects across these jurisdictions is flourishing, as renewable
energy has become cost competitive even without subsidies.
Governments are implementing important regulatory changes to
promote renewable energy investments in a bid to deliver large
economic and environmental benefits to their economies.
Working with trusted local partners, Adenium is actively
developing projects to bring clean and affordable renewable energy
projects to these markets.
Captive renewable energy projects for industrial offtakers
Adenium is also developing renewable energy assets for captive
and net-metering industrial generation applications across
Sub-Saharan Africa, North Africa, the Middle East and Asia for
corporate offtakers.
Private-to-private projects are a rapidly expanding sub-segment
in many regions. Adenium is working with international financial
institutions and corporate offtakers on bankable structures.
By working with Adenium, industrial customers can cut costs on
electricity, protect themselves against uncertain future energy
prices, and build on their reputation for environmental
responsibility.
OUR COMPANIESAs part of our diversification strategy, Adenium
has funded Yellow Door Energy to target the distributed solar
market niche.
YELLOW DOOR ENERGY
Launched in 2015, Yellow Door is a Dubai-based company that
invests in and operates distributed solar and energy efficiency
infrastructure for commercial and industrial customers.
The firm, an independent entity that is majority-owned and
funded by Adenium, manages the installation, operation and
maintenance of solar systems on a lease basis, enabling
organizations to reduce their electricity bills and meet their
sustainability objectives without investing their own capital.
Yellow Door operates in the UAE, Jordan and East Africa, and
continues to examine opportunities across other markets in the MENA
region.
CONTACT US
Cayman office:Cricket SquareHutchins DriveP.O. Box 2681Grand
CaymanKY1 1111, Cayman Islands
Head office:Emirates Financial Towers6th Floor, South TowerDubai
International Financial CentrePO Box 506773, DubaiUnited Arab
EmiratesTel: +971 43857997
Japan office:Level 20 Marunouchi Trust Tower – Main1-8-3
Marunouchi, Chiyoda-KuTokyo, Japan 100-0005Tel: +81 3 5288 54 2
Jordan office:Office 201, Prime Center13 Zahar StreetUm
AlsummaqAmman, JordanTel: +962 65541655
[email protected]
