Luel Culwick is a Director of Sidala Energy Solutions which he co-founded with Christiaan Bode in 2009 whilst completing their studies. Luel graduated from Wits in 2008 with a BSc Eng in Industrial Engineering, and in 2010 with an MSc Eng in Sustainable Energy Engineering from UCT (the Energy Research Centre).
Sidala has initiated and developed four Small Hydropower projects in South Africa totalling 111MW and a total investment value of some R4bil. Sidala led the sale of a 5MW Small Hydro Project ahead of its successful bid into the Fourth Bid Submission Phase of REI4P. Thereafter, Sidala took a step further and was the Lead Member of the Rooikat Hydropower Consortium which was the Bidder in respect of the Rooikat Hydropower Project in the Expedited Bid Submission Phase of the REI4P, which Sidala managed and compiled in its entirety.
Luel’s primary capability is renewable energy project initiation and development, and value creation through risk management and commercialisation of projects. His skills include integration of the technical, legal, financial and environmental / regulatory aspects of project development, as well as procurement and management of multidisciplinary teams. He has fund raising experience including having raised development funding of R40mil and grant funding of R15mil to date. His work for Sidala has fallen mainly within the rigors of limited recourse project finance environment.