Background
H1 Holdings is an investment firm based in South Africa. Our purpose is to improve the quality of life by contributing to the decarbonisation of the energy system.
The energy sector has the potential to improve people’s lives in a significant and far-reaching way. We have focused on building and scaling platforms which have a positive contribution in this sector.
Our approach is to partner closely with management teams and institutional capital, combining operational involvement with disciplined capital deployment to build enduring energy businesses.
H1 is active in South Africa and Europe, with platforms spanning renewable generation, yield-focused investment, energy trading, and battery energy storage.
Platforms
H1 Capital
H1 Capital is the investment and development platform through which H1 Holdings has partnered with leading global utilities to originate, develop, and construct renewable energy assets in South Africa.
Acting as a local partner, H1 Capital has supported the development and construction of a diversified portfolio of:
- 5 GW of wind
- 1 GW of solar PV
- 2 GWh of battery energy storage
- 10 MW of hydro
Across assets in operation or under construction, H1 Capital has partnered with global utilities including Enel Green Power, EDF and Acciona Energia as well as integrated IPP players such as Scatec, Mulilo and Red Rocket, contributing local market expertise, development capability, and long-term alignment.
At the H1 Capital level, institutional partners include Norfund and British International Investment (BII).
H1 Holdings partnered with Investec in creating Revego Fund Managers, the asset manager for a yield-focused investment platform which was set up to enable institutions to invest into renewable energy assets in Africa.
Revego Fund Managers provides long-term capital solutions for operating renewable energy assets, combining institutional capital with active asset management and a disciplined, yield-oriented approach.
H1 Holdings is the long-term controlling shareholder of Etana Energy, a leading energy trader and aggregator in South Africa serving large commercial and industrial customers.
Etana Energy is a core operating platform within H1 Holding’s portfolio and a clear example of the firm’s operator-led approach. H1 Holdings has supported Etana Energy throughout its development from inception to scale as South Africa’s private power market has evolved.
At the Etana level, capital partners include Norfund, Standard Bank, British International Investment (BII), and GuarantCo.
Battery Energy Storage Platform (Italy & Europe)
Battery Energy Storage Platform (Italy & Europe)
Building on its experience across private power markets, H1 is developing a dedicated battery energy storage platform in Italy and across Europe.
The platform is focused on grid-scale and flexible storage solutions aligned with evolving power market structures, applying H1’s operator-led development and long-term ownership approach in new markets.
team
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.
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.
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.
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.
Lido Fontana
Lido joined the Transaction team at H1 Holdings in 2021. Lido is an English and South African qualified lawyer, having practised law in London and South Africa at various international law firms, in various roles including partner, director equivalent.
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.
Gregory Issac
Greg is an Investment Principal at H1 Holdings, responsible for managing energy assets and supporting new investments. He has a strong background in infrastructure finance, developed during his time at Old Mutual.
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.
Zack Scholtz
Zack serves as a Financial Controller in the Finance and Asset Management team, ensuring compliance and accurate reporting of H1’s assets. He plays a key role in delivering transparent and timely financial information to the company’s partners and stakeholders.
Lionel van den Berg
Lionel is a vital part of the Finance and Asset Management team and brings his financial and auditing expertise to support the strategic growth, operational efficiency and sustainable development of the H1 group.
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.
Sunelle Chandler
Sunelle joined H1 in 2023 and is the Office Manager for the H1 group. She works in business administration and compliance at H1, and supports the Asset Management and Finance teams.
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 has a BSc (Hon) in Energy Studies from the University of Johannesburg. She is the Plant Manager at Eternity Power, a co-generation plant attached to the Anglo American Platinum Smelter in Rustenburg.
Carl Henning
Carl is the Head of Sustainability at H1, where he focuses on lender requirements, regulatory compliance and delivering sustainable outcomes. His core competencies are within the private equity, infrastructure, energy, and agricultural sectors.
socio economic development
Since 2018, H1 has partnered with the South African non-profit Scaled Impact to drive sector collaboration and socio-economic impact across our 26 renewable energy assets. The partnership was established to avoid duplication of economic development across the geographic clusters of large-scale renewable projects and prioritise co-funding to scale projects across their 20-year life cycle. We bring in cross industry expertise, align with government priorities and coordinate stakeholder involvement and project implementation. The strategic vehicle, in partnership with the Industrial Development Corporation, encourages strategic long-term project development to create markets and raise the incomes of the host communities in which our projects operate.
news
H1 Holdings concludes R2.6bn Equity Transaction
H1 Holdings (“H1”) has partnered with Nedbank and Absa (acting through their respective Corporate and Investment Banking divisions) together with British International Investment (BII) and
H1 Holdings completes R1.9bn Kenhardt equity transaction
H1 Holdings (“H1”) has partnered with The Standard Bank of South Africa Limited, acting through its Corporate and Investment Banking division (“Standard Bank”) to reach
December 2023: Africa’s largest solar and battery project reaches COD
On the 11th of December, H1 Holdings celebrated the commission of the RMIPPP Kenhardt projects in the Northern Cape, one of the world’s largest solar
contact
| info@h1holdings.co.za | |
| Phone | +27 21 201 6432 |
| Our company details are: |
| Physical Address | H1 Holdings, 5th Floor, Letterstedt House, Newlands on Main, Main Road, Newlands, 7700 |