Africa GreenCo Advances Renewable Energy Trading and Power Market Integration

Strategic Insights -

Africa GreenCo, a green energy supplier, is taking a leading role in advancing renewable energy trading and power market integration across southern Africa. At the African Energy Week (AEW): Invest in African Energies 2025 conference, Ana Hajduka, Founder and CEO of Africa GreenCo, will share insights into the company's groundbreaking work. Recent developments reflect Africa GreenCo's commitment to supporting the expansion of the continent's renewable energy sector. The company has facilitated the trade of over 1 TWh of electricity and continues to champion market-based solutions in achieving energy security and decarbonization in Africa.

Key Takeaways:

  • Africa GreenCo has facilitated the trade of over 1 TWh of electricity, promoting energy security and decarbonization in Africa.
  • The company signed a head of terms for a long-term power purchase agreement with AXIAN Energy to develop two grid-connected solar PV projects in Zambia, adding 25 MW of renewable energy to Zambia's national grid.
  • GreenCo Power Services purchased electricity from Zambia's 32 MW Ilute Solar Project under a power purchase agreement, enabling cross-border trade via the Southern African Power Pool (SAPP).
  • The company's subsidiary, GreenGo Finance Solutions, signed a $55.5 million facilities agreement with Stanbic Bank Zambia and Standard Bank to support emergency electricity imports in Zambia.
  • Africa GreenCo achieved a significant regulatory milestone with the award of domestic trading and import/export licenses from South Africa's National Energy Regulator.
  • The company's model reflects the future of energy in Africa, with a focus on private-led, regionally interconnected, and clean energy-powered solutions.

Statistics:

  • Over 1 TWh of electricity traded
  • 25 MW of renewable energy added to Zambia's national grid through two grid-connected solar PV projects
  • $55.5 million facilities agreement to support emergency electricity imports in Zambia
  • 130 MW of cross-border power supply prepayment
  • 85 MW of power delivered to Zambia's national grid through a power import deal between Zambia's state utility ZESCO, mining major First Quantum Minerals (FQM), and regional suppliers

Sources:

  • African Energy Chamber
  • APO Group
  • African Energy Week (AEW): Invest in African Energies 2025