Globeleq Welcomes Jonathan Hoffman as New CEO for Growth
Globeleq Announces Jonathan Hoffman as Permanent CEO
The Board of Globeleq, a prominent independent power company on the African continent, proudly confirms that Jonathan Hoffman has secured the role of permanent Chief Executive Officer (CEO). Hoffman, previously serving as the interim CEO, has been instrumental in guiding the company through periods of significant development and investment.
Career Journey of Jonathan Hoffman
Joining Globeleq in 2010, Jonathan has worn several hats, demonstrating his dedication to the company's mission. He took on the role of Chief Development Officer in 2020 and assumed interim leadership in July 2024. His expertise has been vital in navigating major projects, notably leading the charge for the Red Sands battery storage initiative, the largest of its kind in Africa.
Globeleq's Expansion & Achievements
Since 2015, Globeleq has witnessed remarkable growth, nearly doubling its generating capacity, which includes both operational facilities and those under construction. The company is responsible for a staggering 43 percent of all utility-scale non-hydro renewable and gas Independent Power Producer (IPP) generation that has achieved financial closure in Sub-Saharan Africa, excluding any development in South Africa.
Future Directions under Hoffman's Leadership
As CEO, Jonathan Hoffman will steer Globeleq's future endeavors, emphasizing renewable energy transitions specifically in Southern Africa and Kenya. The Group owns and operates twelve renewable energy plants spread across South Africa, Mozambique, and Kenya, and currently has 485 MW in construction. Additionally, a robust development pipeline of significant projects is set to enhance energy accessibility in the region.
Commitment to Local Communities and Shareholders
Outside of its Southern Africa operations, Globeleq is dedicated to maximizing the potential of existing plants, ensuring they continue to provide crucial power to local communities while also generating notable returns for its shareholders. This dual focus is a testament to Globeleq's commitment to sustainability and profitability.
Statements from Globeleq Leadership
Laurence Mulliez, the Chair of Globeleq, expressed confidence in Jonathan's ability to lead the company forward. She noted, "Jonathan's deep understanding of our operations and stakeholders positions him perfectly to guide Globeleq through the next growth phase. His impressive commitment and industry knowledge have greatly benefitted the Board since he took on the interim role last year."
In response to his appointment, Jonathan Hoffman stated, "I am excited to lead Globeleq's dedicated team as we pursue our mission and facilitate the energy transition in Southern Africa. I am wholly committed to addressing our clients' challenges while delivering substantial value to our valued shareholders."
About Globeleq
Globeleq, owned 70% by British International Investment and 30% by Norfund, stands as Africa's leading developer and operator of electricity generation. Since its inception in 2002, the company has established a robust portfolio of independent power plants, generating a total of 1,794 MW across seventeen locations in seven countries. Furthermore, an additional 485 MW is currently under construction, and over 2,000 MW of power projects are in various stages of development.
Frequently Asked Questions
Who is Jonathan Hoffman?
Jonathan Hoffman is the newly confirmed CEO of Globeleq, having previously served as interim CEO and holding various roles since joining the company in 2010.
What is Globeleq's primary focus?
Globeleq's primary focus is on renewable energy generation and facilitating power transitions in Africa, particularly in regions like Southern Africa and Kenya.
How has Globeleq performed in recent years?
Globeleq has nearly doubled its generating capacity since 2015 and has been a leader in utility-scale renewable and gas generation in Sub-Saharan Africa.
What projects are currently in Globeleq's pipeline?
Globeleq has a robust pipeline of renewable energy projects aimed at enhancing energy access across Africa, with ongoing development in several regions.
How does Globeleq support local communities?
Globeleq aims to provide vital electricity generation to local communities while also generating returns for its shareholders through its operational plants and initiatives.
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