EnergyWatch

New company to finance green energy transition in Africa

With final financing in place from Danish state fund IFU, company Africa Greenco now takes off. As a link between manufacturers and off-takers, the firm will ensure financing for new renewable energy projects in Africa.

Photo: PR / Scatec Solar

The potential for renewable energy is huge in Africa.

According to the most recent numbers from the International Energy Agency (IEA), for instance, a mere 15 TWh were generated across the continent in 2018, which roughly corresponds to the power generation of a Nordic country such as Denmark at the time.

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