COP 22 Panel confirms broad support for Africa GreenCo concept
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.
News
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The Africa Energy Forum
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Africa GreenCo Cited in White House Press Release
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Join GreenCo in the Nkwashi Sprint for Impact and coronation of HM King Charles III and the Queen Consort Camilla
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GreenCo continues regional expansion – signs 85MW PPA in South Africa with AMEA Power.
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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 …