Africa GreenCo

Africa GreenCo

Services for Renewable Energy

Leading innovation and sustainably transforming renewable energy markets

About us

Africa GreenCo aims to increase private sector investment in energy generation in sub-Saharan Africa by mitigating the credit risks associated with the current lack of creditworthy offtakers. Current weak financial position of utilities and limited choice of an alternate buyer in case of utility default deters private capital. An intermediary aggregator between buyers and sellers can help attract sustainable investments in the power sector on the strength of a multi-buyer model. Its role as a financially sustainable intermediary offtaker and power trading company can also stimulate regional electricity trading and facilitate more efficient use of available and new resources by optimising them on a regional basis. Through its activities Africa GreenCo will increase the supply of, and the demand for, finance for energy projects, and mobilize private sector capital more quickly towards critical and transformative capacity additions, reducing pressure on utilities as well as financial liabilities for sovereign governments.

Industry
Services for Renewable Energy
Company size
11-50 employees
Headquarters
Lusaka
Type
Privately Held

Locations

  • Primary

    Plot No.8, 1st floor, Northern Wing, The UCZ House, Mosi o Tunya Road, Lusaka

    Lusaka, ZM

    Get directions

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Funding

Africa GreenCo 1 total round

Last Round

Series unknown

US$ 15.5M

See more info on crunchbase