Combining investment experience
and local operational track-record
Who are we?
Pioneer in renewable energies in Africa, Africa REN operates the first solar power plant in West Africa, in Bokhol, Senegal.
Africa REN develops and operates competitive and reliable solar power plants and storage solutions to expand access to power and promote energy self-sufficiency of African countries.
Faithful to its pioneering spirit that guided its first steps, Africa REN targets complex environments where the company has acquired cutting-edge expertise.
In-depth knowledge of legal and tax issues in West African countries
of the board of directors
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
DE LASSUS SAINT GENIES
All investment decisions of Africa REN are made by its Board of Directors, which is advised by an Investment Committee and an Audit Committee.
Each key stage of project development is presented and reviewed by the company’s governance bodies.
responsible for the project review
in charge of reviewing the financial statements and ensuring the auditor independence
Africa REN is supported by SCAF
Early 2020 Africa REN has been audited and obtained SCAF financial support.
SCAF II is an initiative of the United Nations Environment Programme (UNEP) aimed at assisting renewable energy companies and projects by providing access to seed capital to foster the emergence of privately financed projects in developing countries.
The IFC Equator Principles
Africa REN chose to have its projects financed by financial institutions that have signed these principles and are committed to systematically assess and manage the social and environmental risks of the projects.
Consequently, all our projects comply with the Equator Principles and are subject to regular independent audits.
United Nations Principles for Responsible Investment (UNPRI)
ESG issues are fully integrated into all our investment analysis and decision-making processes.
Africa REN strictly complies with the anti-corruption and anti-money laundering laws of the European Union and United States, as well as the Equator Principles of the IFC and the UNPRI.
Chief Executive Officer (Paris)
Gilles brings 14 years of experience in infrastructure and energy sectors with an extensive track record in principal investing, project finance and asset management. He started his career at the IFC on environmental project development in Africa; joined the project finance department of Société Générale Corporate & Investment Banking and moved in 2008 in the advisory branch of Macquarie. In 2010, he became investment director at the infrastructure fund of French State-owned Caisse des Dépôts (CDC).
He co-founded GreenWish Capital in 2014 and led the development and structuring of Senergy 2, the 1st solar IPP in West Africa. Gilles subsequently founded ARD in 2018.
Gilles holds an MBA from ESSEC Business School and has a master’s in business law from Assas University.
Chairman of the Board of Directors
Former financial advisor to the Aga Khan and the Aga Khan Fund for Economic Development, Deputy Managing Director in charge of Pechiney’s Packaging Division, senior partner at Rothschild&Co and Barclays, head of investment banking for Asia Pacific at Indosuez and CFO of France Telecom.
Mamadou Saliou Sow
Chied Development Officer
Active for about twenty years in insurance, banking and the automotive industry, both in Senegal and in France, Mamadou has specialized since 2009 in renewable energies. He created and managed SPEC, the first African company manufacturing photovoltaic solar panels, based in Senegal. Mamadou also led the development of a 50 MW solar photovoltaic project in Mali for the R20, and has been managing the Senergy 2 project company since 2015.
Mamadou has a Management degree from Dakar, an MBA from the University of Québec in Canada and a Computer Science Diploma from the Ecole Supérieure d’Informatique in Paris.
Chief Financial Officer
Cyril is a finance professional with 10 years of experience in administrative and financial management in both the investment fund industry and renewable energy sector. He worked as senior auditor for KPMG for 4 years and joined Total Eren (IPP) as international financial controller in 2013. Cyril was in charge of the financial and corporate topics for the foreign subsidiaries and head office. He participated in two fundraisings and acted as CFO of Essakane Solar, a 15 MW hybrid PV plant on a mining site in Burkina Faso.
Cyril holds a Finance Master degree from NEOMA (Reims) Business School and a BA (Hons) in International Business Management from Northumbria University (UK).
Chief Operating Officer
Maxime has nine years of experience in the energy sector. He started his career as an engineer in charge of C&I solar generators at EDF ENR before working as business development manager for the renewable energy division at Windeo Green Future. He then joined EDF EN Services as Key Account Manager for the European asset management market of large wind and solar power plants in France and Belgium.
Maxime holds a Master’s degree of Science in Energy Engineering. He also graduated from ESCP-Europe where he obtained a Master’s in International Project Management.
Louis de Lassus Saint-Geniès
Louis has five years of experience in financial modeling, particularly in the financing of renewable energy projects. Prior to joining Africa REN, Louis worked for Green Giraffe, a consulting boutique specializing in the renewable energy sector, and for EY as a member of the financial modeling team. Louis built financial models for all types of renewable energy projects (wind farms, solar power plants…).
Louis holds master’s degrees in Engineering from Supélec and UCL and in Project Finance from Sciences Po Paris.
Sokhna Oumou Faye
Environmental and Social Manager
Sokhna has 5 years of experience as E&S Manager. Working for the E&S consulting firm Sentech Ingenierie in Dakar she was leading various environmental missions financed by reputable finance institutions such as World Bank, IFC or IBRD. She performed audits, Social and Environmental Impact studies, as well as preparing, implementing and following-up the Environmental and Social Management Plan and the Assessments for real estate and infrastructure projects, chemical waste management and water management Etc.
Before working as a consultant, she worked during 3 years as physico-chemical analysis manager in a quality control laboratory specialized on pesticides.
After 10 years of experience in accounting and administration, he joined Senergy 2 in 2016, during the construction phase of the Bokhol solar power plant.
He has worked in the port sector in an Industrial Company, in the Telecom and in companies distributing IT products in Dakar. In charge of cash management, relations with banks, APIX, customs, as well as taxes and social services for the processing of declarations and obligations.
He holds the legal certificate of the (DSC) Higher Accounting Diploma obtained at the ESP in Dakar, the (DEC) Elementary Accounting Diploma obtained at the ESP, and the DEUG1 in Law at UCAD.
Khady worked for 10 years as a medical assistant and nutritionist in the United States, before returning to Senegal and joining the Ministry of Health and Prevention in a nutrition and child survival support program. She finally became “Community Nutrition Project Manager” with an American NGO based in Senegal.
In 2017 she joined the Senergy2 team as Assistant Director.
Khady holds a Master’s degree in Project Management from the ESMT in Senegal as well as 3 diplomas in Medical Assistance and Nutrition.