Lekela appoints Michael Parsons as Chief Financial Officer

Lekela, the renewable power generation company that delivers utility-scale projects across Africa, today announced the appointment of Michael Parsons as Chief Financial Officer. Michael will have responsibility for all financial matters for the group and will serve as a member of the Lekela Executive Committee. Additionally, he will be a director on operating subsidiary boards throughout the group.

Michael has over 20 years of wide-ranging experience, holding a variety of senior head office financial and accounting roles throughout his career. He also has particular expertise within the energy sector, in both Africa and Central America.

Prior to joining Lekela, Michael was Director of Finance for Globeleq, responsible for managing the finance function and working across Africa to establish new businesses and strategic projects, as well as overseeing existing operations. He has also previously held positions at Actis, CDC Group, Close Brothers and NatWest UK.

Chris Antonopoulos, Chief Executive Officer of Lekela, said: “We are very pleased to welcome Michael, who brings extensive experience and knowledge to our management team.

His variety of senior financial roles combined with his expertise in the African energy sector makes him a great addition to Lekela. Michael’s strong track record of project management teamed with business development will be particularly valuable for Lekela as our pipeline of projects in South Africa, Ghana, Senegal and Egypt progresses.”

Michael Parsons, Chief Financial Officer of Lekela, said: “What attracted me to Lekela was its central commitment to delivering sustainable and reliable power across Africa and creating long-term value in the communities it operates in.

The opportunities for the continent’s renewable sector are huge and I am pleased to join to team at an exciting time for Lekela, as several projects move towards financial close.”

Lekela continues to make significant progress on its projects, with two wind farms in South Africa commencing their 20-year commercial operations in December 2017.  Lekela is also developing projects in Ghana, Egypt and South Africa, as well as Senegal’s first utility scale wind farm which is soon to reach financial close.