A fast start to 2023 – EC – EFSD – GreenCo at ADSW – Atlantic Council and UICCA-Convergence
We are delighted to announce that the Operational Board of the European Fund for Sustainable Development plus (EFSD+) has given the green light to a €50m guarantee to support GreenCo’s expansion within the Southern African Development Community, including Zambia, Namibia, Zimbabwe and South Africa. The proposal was developed with and submitted by the Danish Investment Fund for Developing Countries (IFU), one of GreenCo’s valued investors. The guarantee provides a backstop to long term market risk on the Southern African Power Pool and will cover outstanding debt lent to IPPs in GreenCo’s portfolio in the unlikely event that despite GreenCo’s operational mitigation capabilities and the significant liquidity protection it is able to provide, GreenCo becomes unable to fully service the PPA. We commend the European Commission for recognising the catalytic effect this guarantee can have on attracting debt within the innovative commercial arrangements GreenCo is putting in place and look forward to finalising and operationalising the guarantee over the coming months.
Read more in our latest newsletter https://lnkd.in/d-CQjqbp
News
🌍🌱 COP 28 (6/12/2023): GreenCo, AMEA Power, and ZETDC/ZESA Sign MoU
We are thrilled to announce a significant development in Zimbabwe’s journey towards renewable energy and sustainable electricity infrastructure. At this year’s COP 28, Africa GreenCo, AMEA Power and Zimbabwe Electricity Transmission and Distribution …
🌍🌱 COP 28 (3/12/2023): GREENCO’S LANDMARK MILESTONES IN ZIMBABWE’S ELECTRICITY SECTOR
We are thrilled to announce GreenCo’s significant milestones in advancing renewable energy and sustainable development in Zimbabwe. At COP 28 in Dubai, we celebrate …
🌍🌱 COP 28 (2/12/2023) : SIGNING OF GREENCO – ILUTE PPA : Pioneering a New Era for Open Access Electricity in Zambia
We are thrilled to announce the successful execution and signing of GreenCo’s first Power Purchase Agreement (PPA) with Ilute Solar, a partnership between Serengeti Energy …
ZESCO and GreenCo Execute System Operations Agreement (SOA)
Africa GreenCo Group, through its Zambian-based operating company GreenCo Power Services Limited, is delighted to announce the successful execution of a System Operations Agreement …
GreenCo – Transnet Press Release
Africa GreenCo Group, through its South Africa-based operating company GreenCo Power Services (Pty) Limited (together, GreenCo), is delighted to announce that on 11th September 2023 …
GreenCo – Namibia Export Licence Issuance
Africa GreenCo Group, through its Namibian-based operating company GreenCo Renewable Energy Services (Pty) Limited is delighted to announce the issuance of its Namibian export licence by …
