Thesis

Persimmon Investments Holding

The sun belt

The thesis

The “sun belt”: one platform, two engines

Africa and the Gulf form a contiguous, sun-rich region with the same technology but two very different capital profiles. Persimmon lets investors weight the blend — investment-grade ballast or higher-yield growth — deal by deal.

GCC · Ballast

OfftakersEWEC, DEWA, SPPC, OPWP — investment-grade

CurrencyUSD-pegged (AED, SAR, OMR) — minimal FX risk

TariffsRecord lows: US$10–28/MWh

Returns~8–12% equity IRR — stable, lower-yield

StorageGiga-scale: KSA ~50 GWh; UAE 8 GW+ BESS by 2035

Africa · Growth & impact

OfftakersNational utilities + C&I; DFI-guaranteed

CurrencyUSD-denominated PPAs; MIGA / TCX cover

TariffsUS$40–100/MWh — risk-priced

Returns~13–20% equity IRR — yield & impact

StorageSouth Africa BESIPPPP 1.7 GW+; rising across the continent