Africa GreenCo lands $11.5M top-up, closing a $22M round
What's the deal? Africa GreenCo has raised an additional US$11.5 million from existing shareholders the Private Infrastructure Development Group (PIDG)Dealroom has a profile for this one. Try Dealroom → and the Impact Fund Denmark (IFDK)Dealroom has a profile for this one. Try Dealroom →. The investment brings its third-close fundraising to US$21.5 million, following a recent commitment from Sanlam Alternative Investments.
What's the endgame? The company is a regional energy trader and intermediary off-taker in Southern Africa. It provides bankable power purchase arrangements and payment security to renewable energy Independent Power Producers, aiming to make clean-energy projects investable.
Where it operates: Africa GreenCo is licensed in Zambia, Zimbabwe, Namibia, and South Africa, and joined the Southern Africa Power Pool in 2021. It has traded more than 1.4 terawatt-hours of electricity so far this year.
What's the money for? The funds and accompanying guarantee support will strengthen liquidity and risk-bearing capacity, enabling the company to back up to 900 megawatts of renewable energy power purchase agreements. It also draws on guarantee facilities from GuarantCoDealroom has a profile for this one. Try Dealroom → and the European CommissionDealroom has a profile for this one. Try Dealroom →'s EFSD+ programme.
Why now? "The additional investment demonstrates strong confidence from both new and existing shareholders," said founder and group chief financial officer Pug Bennet. IFDK's 2025 support helped mobilise a €50 million guarantee facility that attracted further private capital.
The signal: Electricity demand across Africa keeps rising, sharpening the need for projects able to attract private-sector capital. Africa GreenCo's model — de-risking cross-border renewable trading — targets exactly that gap.
Read more: lusakatimes.com
