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.
View Top Employees from Africa GreenCo/GreenCo Power Services LimitedWebsite | http://africagreenco.com |
Revenue | $2 million |
Employees | 28 (19 on RocketReach) |
Industry | Services for Renewable Energy, Banking, Finance, Government |
SIC | SIC Code 611 Companies, SIC Code 61 Companies |
NAICS | NAICS Code 522 Companies, NAICS Code 5222 Companies, NAICS Code 52 Companies |
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The Africa GreenCo/GreenCo Power Services Limited annual revenue was $2 million in 2024.
Cathy Oxby is the Co-Founder and Chief Commercial Officer of Africa GreenCo/GreenCo Power Services Limited.
19 people are employed at Africa GreenCo/GreenCo Power Services Limited.
The NAICS codes for Africa GreenCo/GreenCo Power Services Limited are [522, 5222, 52].
The SIC codes for Africa GreenCo/GreenCo Power Services Limited are [611, 61].