H1 Holdings is a black-owned and managed company based in South Africa which was founded in 2000. Our purpose is to improve the quality of life by producing cleaner energy.
Our BHAG™ is to power the equivalent of 2 million households with cleaner energy by 2035.
Our focus is on the power sector. We believe that the potential of this sector to improve people’s lives is significant and far-reaching. In order to best achieve our purpose, we develop, invest in and operate power projects.
BHAG™ is a registered trademark of Jim Collins and Jerry Porras



Reyburn Hendricks

Reyburn is a director of H1 Holdings and manages the company. He has extensive experience in investments and since 1996 has worked in asset management, corporate advisory and private equity prior to working at H1 Holdings since 2007.


Carla Samaai

Carla is the Chief Operating Officer at H1. With extensive experience in project management and human resources, she utilises her broad business knowledge to ensure efficient operations at H1. Carla is a Certified Director with the Institute of Directors (SA).


Carnita Hendricks

Carnita Hendricks completed a business science degree from the University of Cape Town. She has over 8 years of experience in performance measurement, third-party investments, investment analysis for equity and debt instruments, and trading of money market and fixed interest instruments.


Gabriele Maraschin

Gabriele is an electrical engineer and is the Head of Business Development for H1. Gabriele has over 12 years of experience in the energy sector in Europe and Africa. Gabriele has managed and concluded multiple developments in various energy technologies.


Elisma Roux

Elisma is the Financial Manager for H1 Holdings and has over ten years of financial management experience. Elisma completed her studies in 2001 and qualified as a Chartered Accountant in 2004 from the University of Stellenbosch.


Jonathan Muller

Jonathan is the Head of Asset Management at H1 Holdings. Previously at Old Mutual and the Industrial Development Corporation, Jonathan’s experience is in infrastructure finance and in senior project management.


Lido Fontana

Lido joined H1 Holdings in 2021 as a Legal Transactor. Lido has significant experience in international mining, energy and large infrastructure development transactions. Lido’s expertise lies in project development and finance, as well as mergers and acquisitions.


Zack Scholtz

Zack is H1’s Financial Controller and has audit and financial management experience. He manages external reporting of H1’s assets to the partners and stakeholders of the company.


Krayvasan Govender

Krayvasan joined H1 in the role of Transactor: Commercial and Modelling. Previously with Eaglestone, Macquarie and Nedbank, Krayvasan joins the transaction team in business development.


Janine Tilley

Janine works as a Project Manager in the transaction team. She began her career in TV and film production. From 2002 until joining H1 in 2013 she worked as a Project Manager and Fundraiser for various non-profits.


Semantha Du Plessis

Semantha is the Bookkeeper for H1 Holdings and works with the Financial Manager. Semantha has been in finance since 2002 and the majority of her experience is in the construction industry.


Jacques Malan

Jacques is a director of Vuselela Energy and Eternity Power. He is a Pyro-metallurgical engineer with over 20 years experience in the ferrous, base metals, ferro-alloy and refractory industries.


Bulelwa Silwana

Bulelwa holds a BSc (Hon) in Energy Studies from the University of Johannesburg. She joined H1 as an Engineer-In-Training in 2014 and has since developed the skills and experience to be appointed Plant Manager at Eternity Power, a cogen operational plant attached to the Anglo Platinum Smelter in Rustenburg.


Jessica Hill

Jessica qualified as a Chartered Accountant in 2010 and has 12 years’ experience in Project and Corporate Finance with a focus on renewable energy. She previously worked with international alternative investment clients based in South Africa and overseas. With excellent quantitative analytical and financial modelling skills, Jessica brings valuable insights into the H1 transaction and asset management space.


Evan Rice

Evan is a climate tech business leader with expertise in renewable energy, energy storage and the transition to low carbon electricity systems. Previously he was the CEO of Greencape and led Tesla’s energy business in Europe, the Middle East and Africa. He is now a key member of the H1 transaction team.


Carl Henning

Carl’s core competencies are within the private equity, infrastructure, energy, and agricultural sectors. He previously worked for Actis’ driving sustainable value creation across all sectors of investment. Carl has seen how private capital can have a positive and sustainable impact on host communities and the environment. The opportunity to strategically influence and drive this impact drew Carl to H1 where he focuses on lender requirements, regulatory compliance and delivering sustainable outcomes

socio economic development

H1 Holdings and Scaled Impact, supported by the Industrial Development Corporation are launching a Project Management Office to promote and foster collaboration across the renewable energy sector in South Africa.

A pilot programme in the Northern Cape Namakwa and ZF Mgcawu districts together with the Democracy Works Foundation identified more than US$ 5 billion in investment opportunities and created a linked pipeline of socio-economic development initiatives.

The Independent Power Producer industry in the Northern Cape has committed approximately 1.5 percent of their revenues to be re-invested into social economic and enterprise development initiatives. Over twenty years this is a major investment in the future of communities.

The challenge is to co-ordinate the application of these funds and resources across dozens of renewable energy projects and operators. Also, to connect them to other industries with similar contributions like mining and to link all of this into the government’s wider development plans.

Using these funds as a catalyst for projects, to match third party funds, to close service gaps, to raise skills and involve marginal communities can put the entire region on a positive development path for the next twenty years and more.

The renewable energy investor H1 Holdings together with the project developer Scaled Impact and the social justice NGO, the Democracy Works Foundation, concluded the design of a mechanism to deliver this collaboration.

Backed by the IDC they developed a twenty year perspective on the development potential in a region from Namakwaland to Upington, matching the locations and timing of various solar and wind farm investments in which H1 is a shareholder.

They identified a base of great value in the region. World-scale strategic mineral reserves in a solar and wind energy corridor give the area a head-start in potential manufacturing for future green industries from solar panels to batteries.

Grape, date and citrus farms supply world markets and have large expansion potential. Up to 4,000 hectares of suitable land are potentially open for establishment by emerging farmers. The Orange River Valley is the second largest raisin producing region in the world enabling new, community- owned production. The team is already working to support implementation.

Other opportunities in high tech automotive testing and R&D and aviation recycling provide a base for a high tech cluster. Around this the region is a global bio-diversity hotspot. Natural resources in flora and fauna can be preserved through reserves, protective farming practices and bio-technology applications to create a bio-diversity economy.

Investments in the natural environment are particularly valuable as ways for work with the Nama, Khoi and San peoples living in remoter areas, for adapting life to climate change and protecting fragile natural capital.

The team identified a set of investments in healthcare, social services, energy and water infrastructure and telecoms infrastructure that aim to raise living standards and improve livelihoods steadily. Citizen participation, enabling people to contribute to government planning and democratic processes is at the heart of this activity.

Finally, a framework was created to monitor and evaluate IPP social and economic development and enterprise development activities. It fully links the requirements of the IPP Office, provincial and national government policy and the UN Sustainable Development Goals (SDGs).

The Project Management Office has a wide mandate across sectors and a long time horizon. It will spend the next year engaging with stakeholders and representatives. It will establish implementation partnerships at the provincial and national level. It will gather resources and set up to deliver transformational community growth and development, to maximise the benefits and positive impact of the renewable energy sector. Above all, it is driving the implementation of development projects.



Phone +27 21 201 6432
Fax +27 86 637 0712
Our company details are:
Postal Address PO Box 50095, Waterfront, 8002
Physical Address Moorings 3, Portswood Ridge, Portswood Road, V&A Waterfront, Cape Town, 8002
Google Map H1 Portswood map