Africa GreenCo and the Independent Off-Taker Model: Beyond ‘Single-Buyer’ Power Markets and Uncreditworthy Utilities

Sam, Joel

Abstract

Africa GreenCo is challenging the existing model of how new private-sector-funded grid-scale power is brought online. By introducing the first non-government-owned buyer of renewable energy in sub-Saharan Africa—a region with few creditworthy public utilities—GreenCo will act as a bankable counterparty for independent power producers. The company aims to catalyse private investment and boost the growth of additional clean generation capacity in support of climate change mitigation, adaptation, and energy access. The paper reviews modelled investment- and climate resilience impacts.

Citation

Sam, J. (2021, September). Africa GreenCo and the Independent Off-Taker Model: Beyond ‘Single-Buyer’ Power Markets and Uncreditworthy Utilities. Presented at ICSD 2021: 9th International Conference on Sustainable Development, Virtual

• Presentation Conference Type: Conference Paper (published)
• Conference Name: ICSD 2021: 9th International Conference on Sustainable Development
• Start Date: Sep 20, 2021
• End Date: Sep 21, 2021
• Publication Date: May 20, 2022
• Deposit Date: May 23, 2022
• Publicly Available Date: May 23, 2022
• Electronic ISSN: 2673-4931
• Volume: 15
• Issue: 1
• Pages: e54
• DOI: https://doi.org/10.3390/environsciproc2022015054
• Keywords: electricity access, IPP, Southern African Power Pool, climate resilience, SDG 7
• Publisher URL: https://www.mdpi.com/2673-4931/15/1/54
• Additional Information: Event Type : Conference