Africa GreenCo

GreenCo’s Chief Commercial Officer, Cathy Oxby, spent an intense week in Marrakech recently providing her input as one of the co-authors of the revised edition of Power Africa’s widely acclaimed Understanding Power Project Finance Handbook.  The Handbook is part of the highly successful "Understanding" series of handbooks (over 75,000 printed copies and extensive downloads) which provide guidance on best practice for power project development in Africa. Facilitated by the U.S. Department of Commerce's Commercial Law Development Program (CLDP) and the The African Legal Support Facility (ALSF), the revised edition highlights important evolutions in the sector since the first edition. These include the development of power markets and the associated emergence of new offtake structures, such as traders like GreenCo. The Handbook also explores the growth of climate-focused financing solutions in the form of sustainability bonds and carbon credits.  Reflecting on the process, Cathy noted “It was a real pleasure to spend the week with such a diverse group of experts in the African energy sector. We collectively sought to identify the practical challenges faced by both public and private sector parties in financing power projects in today’s environment and to propose potential solutions based on what has worked elsewhere. We worked closely and intensively to channel our respective knowledge, experience and perspectives into what will hopefully be a very useful book for many. “ You can access the handbooks here: https://lnkd.in/eY2pZurf

We’re excited to share that a pivotal new research paper, "Evolving Competitive Markets in SAPP: Leveraging Competitive Wholesale Electricity Markets to Drive Renewable Generation Capacity in the Southern African Power Pool (SAPP)", was recently published by a research team at the National Renewable Energy Laboratory (NREL). This study delves into the barriers and opportunities for renewable energy expansion within the SAPP region, addressing strategies to enhance market entry and increase investor confidence. Authored by Jarrad Wright, Christina Simeone, PhD, Faith Martinez Smith , and our own Engineer - Research Lead, Mbiko Banda, the paper offers practical solutions and strategic options aimed at fostering a more competitive and interconnected energy market across Southern Africa. It explores key challenges like transmission infrastructure limitations, regulatory inconsistencies, and barriers to renewable energy investment that impact market functionality and project viability. By proposing approaches to address these issues, the research underscores how structured reforms within SAPP could unlock new opportunities for renewable energy deployment and improved grid resilience. We extend our congratulations to Mbiko Banda for her contribution to this significant research, reflecting GreenCo's commitment to shaping a resilient and sustainable energy landscape across the region.  The full paper is available here: https://lnkd.in/dGH-R8BB #SAPP #CompetitiveMarkets #GreenCo Ana Hajduka Cathy Oxby

We are pleased to introduce Fungai Sandamu-Güldemann, who has joined our team to lead the development of the GreenCo Academy. With a vision to cultivate industry-leading talent in renewable energy, Fungai will spearhead the Academy’s initial phase, focusing on educational initiatives in renewable energy and energy trading, seamless integration with GreenCo’s operations, and strategic partnership development to drive growth. This initiative is set to enhance regional expertise, empower future energy sector leaders, and support Africa GreenCo’s mission of advancing sustainable energy solutions across Africa.   Fungai brings a wealth of experience in renewable energy, sustainable development, and program management. With a strong foundation in stakeholder engagement, capacity building, and strategic planning, and a background working with international organizations like GIZ, IRENA, and EnDev, she is well-positioned to establish the GreenCo Academy as a center of excellence for renewable energy training and innovation throughout Africa. We are thrilled to have her on board and look forward to the positive impact she will make in building a skilled and empowered workforce to drive Africa’s sustainable energy future. Please join us in welcoming Fungai to the team! #HappyPeople #GreenCo #GreenCoAcademy Ana Hajduka Cathy Oxby

📢 Meet Our Speaker: 📢 Fedde Zwart 📅 Date: Tuesday, November 5th, 2024 ⏰ Time: 10 AM (CAT) As part of our IPP Capacity Building Program, we’re excited to bring you the third webinar in our series, focusing on financing renewable energy projects. This session will offer Independent Power Producers (IPPs) and local developers key insights into financing options and requirements from both lenders’ and borrowers’ perspectives. 👤 Fedde Zwart – Senior Investment Officer, FMO With over 15 years in banking, Fedde focuses on project finance for IPPs in Eastern and Southern Africa through his work at FMO. His expertise in the requirements lenders have pre-COD, including due diligence in environmental, technical, and legal areas, will provide an in-depth look at expectations for new projects. 🔗 Register now to secure your spot: https://lnkd.in/d3sWeXgk #IPP #CapacityBuilding #Webinar #GreenCo Ana Hajduka Cathy Oxby

📢 Meet Our Speaker: 📢 Ammaara Ebrahim 📅 Date: Tuesday, November 5th, 2024 ⏰ Time: 10 AM (CAT) As part of our IPP Capacity Building Program, we’re excited to bring you the third webinar in our series, focusing on financing renewable energy projects. This session will offer Independent Power Producers (IPPs) and local developers key insights into financing options and requirements from both lenders’ and borrowers’ perspectives. 👤 Ammaara Ebrahim – Associate, Energy Finance, Nedbank Ammaara brings her background as a Chartered Accountant and energy finance professional to her work at Nedbank, specializing in structuring renewable energy deals. Her expertise covers the requirements for projects in the operational phase and the strategic roles commercial lenders play, from hedging to security management. 🔗 Register now to secure your spot: https://lnkd.in/d3sWeXgk #IPP #webinar #GreenCo #CapacityBuilding Ana Hajduka Cathy Oxby

📢 Meet Our Speaker: Mutale Mukuka 📢 📅 Date: Tuesday, November 5th, 2024 ⏰ Time: 10 AM (CAT) As part of our IPP Capacity Building Program, we’re excited to bring you the third webinar in our series, focusing on financing renewable energy projects. This session will offer Independent Power Producers (IPPs) and local developers key insights into financing options and requirements from both lenders’ and borrowers’ perspectives. 👤 Mutale Mukuka – Chief Financial Officer, Copperbelt Energy Corporation (CEC) With over two decades in finance, including extensive experience with CEC’s green bond, Mutale offers a developer’s perspective on the advantages and limitations of green bonds versus other financing methods. His knowledge will shed light on the financing journey, from initial capital requirements to project success. 🔗 Register now to secure your spot: https://lnkd.in/d3sWeXgk #IPP #Webinar #GreenCo Ana Hajduka Cathy Oxby

📢 Meet Our Speaker: Pug Bennet 📢 📅 Date: Tuesday, November 5th, 2024 ⏰ Time: 10 AM (CAT) As part of our IPP Capacity Building Program, we’re excited to bring you the third webinar in our series, focusing on financing renewable energy projects. This session will offer Independent Power Producers (IPPs) and local developers key insights into financing options and requirements from both lenders’ and borrowers’ perspectives. 👤 Pug Bennet – Chief Investment Officer, Africa GreenCo Pug brings a powerful blend of experience as a lawyer and as the former Chief Operating Officer of GuarantCo, where he spearheaded initiatives that cemented GuarantCo's leadership in local currency guarantees. His expertise in project structuring, capital injections, and risk management will provide invaluable insights into the lender’s role in supporting IPP projects. With Pug’s guidance, attendees will gain a clear view of the requirements, challenges, and innovative solutions available for financing renewable energy. 🔗 Register now to secure your spot: https://lnkd.in/d3sWeXgk

Following the successful launch of our IPP Capacity Building Program, Africa GreenCo, in collaboration with the The African Capacity Building Foundation (ACBF), Invest Africa Ltd, and the Africa Infrastructure Development Association (AfiDA), is pleased to announce the third webinar session in our series. This session, chaired by Africa GreenCo’s Chief Investment Officer, Pug Bennet, will focus on financing renewable energy projects, providing Independent Power Producers (IPPs) and local developers with critical insights into the full project lifecycle from a lender's perspective. 📆 Date: Tuesday, November 5th, 2024 ⏰ Time: 10 AM (CAT) This upcoming session will explore financing perspectives from both lenders and borrowers and offer guidance on green bonds and alternative financing options, equipping IPPs with practical knowledge to navigate complex financial landscapes. Webinar Course #Outline:  🔹 Overview of FMO and DFIs as Potential Lenders  🔹Key Requirements and Due Diligence from Lenders Pre-COD  🔹Considerations for Commercial Lenders During Operations  🔹Developer Insights on Green Bonds: Pros and Cons  🔹Roles and Responsibilities: From Facility Agent to Security Agent #Speakers 🔹Pug Bennet – Chief Investment Officer, Africa GreenCo 🔹Mutale Mukuka – Chief Financial Officer, Copperbelt Energy Corporation 🔹Ammaara Ebrahim – Associate, Energy Finance, Nedbank 🔹Fedde Zwart – Senior Investment Officer, FMO We invite all IPPs and developers to join this session for an invaluable opportunity to understand the requirements, challenges, and innovative solutions in financing renewable energy projects. Register today to secure your place and gain essential insights into successful project financing strategies.  https://lnkd.in/d3sWeXgk #IPP #Webinar #GreenCo #CapacityBuilding Ana Hajduka Cathy Oxby

GreenCo has achieved a pivotal milestone with NERSA's approval of South Africa's first private sector import/export and domestic electricity trading licenses. This positions us as a catalyst for change in the energy landscape, facilitating renewable energy and regional connectivity as we prepare our customers for the upcoming competitive market alongside Eskom and the NTCSA.   We go beyond trading by championing innovation, reliability, and transparency. Our vision promotes the integration of renewable energy into daily operations, empowering partners to decarbonize, enhance energy security, and gain a competitive edge.   Join us in reimagining the potential of a united continent powering its people and industries. With GreenCo, we see a continent energised, and its boundless opportunity realised.    We extend our gratitude to NERSA - RSA, AMEA Power—our first PPA partner—and Sibanye-Stillwater for their invaluable support. Read more in our latest newsletter: https://lnkd.in/dTsi2VtX #NERSA #SouthAfrica #RenewableEnergy Ana Hajduka Cathy Oxby

🚨 Our Latest #Newsletter is Now Live! 🚨 In this edition, we cover: 🔹Africa GreenCo Granted Electricity Trading And Import/Export Licenses in South Africa 🔹Register for Session 3 of the IPP Capacity Building Program 🔹EVOLVING COMPETITIVE MARKETS IN SAPP : Leveraging Competitive Wholesale Electricity Markets To Drive Renewable Generation Capacity in the Southern African Power Pool (SAPP) 🔹Ana Hajduka to Speak at Africa Energy Leadership Summit 🔹Power Project Financing (Second Edition) Handbook 🔹RES4Africa South Africa Annual Conference: Transforming Transmission 🔹Meet us at the Zimbabwe-Zambia Energy Projects Summit 🔹15th African Union High-Level Private Sector Forum 📰 Read the full newsletter for detailed insights and updates: https://lnkd.in/dTsi2VtX #TradingLicense #SouthAfrica #IPPCapacityBuildingProgram #SAPP #AfricaEnergyLeadershipSummit #PowerProjectFinancing Ana Hajduka Cathy Oxby