Africa GreenCo has secured an additional USD 11.5 million investment from its existing shareholders, the Private Infrastructure Development Group (PIDG) and Impact Fund Denmark (IFDK), strengthening its capacity to support renewable energy projects across Southern Africa.
The investment follows the recent entry of Sanlam Alternative Investments as a new private-sector investor. Together, the investments bring Africa GreenCo’s third-close fundraising to USD 21.5 million.
The latest funding has been provided through PIDG’s project development arm, InfraCo, and builds on earlier support extended to Africa GreenCo through technical assistance, project development and guarantee facilities.
Africa GreenCo has been an active energy trader for nearly five years. The company joined the Southern Africa Power Pool (SAPP) in late 2021 and currently holds licences in Zambia, Zimbabwe, Namibia and South Africa. It has traded more than 1.4 TWh of electricity so far in 2026.
As a bankable offtaker for renewable energy independent power producers (IPPs), Africa GreenCo aims to improve energy security and reduce emissions by balancing clean energy supply across multiple markets. Its participation in SAPP’s competitive markets also supports greater regional power-market integration.
The company said the additional capital, alongside guarantee facilities from GuarantCo and the European Commission under its EFSD+ programme, will strengthen its ability to support the region’s energy transition and develop viable energy infrastructure.
IFDK has supported Africa GreenCo since its first capital raise and helped mobilise a EUR 50 million guarantee facility in 2025. The facility enabled the company to attract additional private capital and support its expansion.
Sanlam Alternative Investments said its investment reflects its broader infrastructure focus across Africa and its interest in strengthening the market infrastructure needed to finance the continent’s energy transition on commercial terms.
With electricity demand rising across Africa, governments face the challenge of developing a pipeline of bankable energy projects capable of attracting private investment while supporting decarbonisation. Africa GreenCo’s model is designed to serve as a market-enabling platform for renewable energy, supporting national utilities and energy buyers.
Under its guarantee arrangements with the European Commission-funded EFSD+ programme, together with GuarantCo’s support and the latest shareholder investments, Africa GreenCo expects to strengthen its liquidity buffer and risk-bearing capacity. This will enable the company to support up to 900 MW of renewable energy power purchase agreements (PPAs) and provide the payment security required to make these projects bankable.
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