Africa GreenCo Group and GreenCo Power Services Limited
Africa GreenCo Group via its operating entity GreenCo Power Services Limited acts as an intermediary offtaker and service provider, purchasing power from renewable IPPs and selling that electricity to utilities and private sector offtakers (i.e. commercial and industrial users) and markets of the SAPP. GreenCo will mitigate the risk of purchaser default through an ability to secure alternative buyers or through short-term trading on the SAPP electricity markets. Through its participation in competitive power markets, GreenCo will promote cross-border power transactions and a more dynamic and liquid short-term power market. Through its activities, GreenCo will increase the supply of, and demand for, finance for energy projects, and mobilise private sector capital more quickly towards critical and transformative capacity addition.
- GreenCo purchases renewable energy from IPPs through PPAs, on-selling through long-term contracts to utilities and private buyers; it also executes shorter-term trades on the Southern African Power Pool (SAPP);
- GreenCo is an aggregator of risk and risk capital: with the strength of its capitalisation structure, GreenCo decreases the credit risk of utilities and private offtakers;
- GreenCo provides an opportunity to match buyers and sellers through a multi-buyer/seller structure, taking and aggregating risk based on strong risk management and market data analytics.