COP 22 Panel confirms broad support for  Africa GreenCo concept

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We would like to thank all of our COP 22 panelists for their invaluable contribution during our COP 22 side event. The unanimous conclusion being that AGC could help create a liquid regional power market by:

  • Adding liquidity and efficiency to the regional power pools and driving integration on the back of a multi buyer model
  • Reducing the cost of capital and the credit risk profile of underlying portfolio projects and the wider power sector through a strong balance sheet, diversification and trading capabilities
  • Lowering contingent liabilities of utilities and sovereigns and therefore creating headroom for further investment in the rehabilitation of utilities
  • Creating new opportunities to share and mitigate risks and lowering transaction costs
  • Applying international best practice and leveling the playing field through standardized terms thus increasing the number of bankable projects
  • Creating a more favourable investment environment for a wider universe of investors • Increasing the potential for refinancing–giving confidence to upfront lenders and helping to bring long term capital market / institutional investors engagement
  • Facilitate the move towards local currency denominated PPAs by facilitating an increase in local currency lending to power projects.

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The Africa Energy Forum

GreenCo’s esteemed Head of Business Development, Wezi Gondwe, and Co-Founder & Chief Investment Officer, Douglas “Pug” Bennet, are currently attending #AEF2023 on behalf of …

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