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
GreenCo Signs MOU with ZESCO for BESS Project
We are thrilled to announce the signing of a Memorandum of Understanding (MOU) with ZESCO Limited for a Battery Energy Storage Systems (BESS) project …
🌍🌱 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 …