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
Africa GreenCo Cited in White House Press Release
Africa GreenCo Group is proud to announce that the company was cited in the recent White House press release titled “Fact Sheet: Vice President …
Join GreenCo in the Nkwashi Sprint for Impact and coronation of HM King Charles III and the Queen Consort Camilla
Tomorrow, on the 6th of May 2023 from 07:00 a.m. to 4.30 p.m you are invited to participate in the Nkwashi Canoe Sprint for …
GreenCo continues regional expansion – signs 85MW PPA in South Africa with AMEA Power.
Africa GreenCo Group through it’s southern entity, GreenCo Power Services (Pty) Limited is delighted to announce that it has signed a power purchase agreement …
GreenCo at U.S. – Africa Business Forum and Ilute Solar project in Zambia.
Our CEO is delighted to be participating in the U.S. – Africa Business Forum which will take place during the U.S. – Africa Leaders Summit in …
COP27 – GreenCo – UK-Zambia Green Growth Compact
At COP 26, the UK and Zambia signed a new landmark partnership – “The Green Growth Compact “to drive sustainable economic growth. The Green …
GreenCo at COP
This week the UN’s 27th Annual Conference of the Parties (COP27) takes place in Sharm El-Sheikh. Egypt’s summit theme is ‘implementation’. Shifting the focus from negotiations and …
