Africa GreenCo
Johannes Baake is a seasoned finance professional with extensive experience in project and development finance, mobile and agile software development. Currently serving as Group CFO and Co-Founder at Africa GreenCo/GreenCo Power Services Limited since July 2019, Johannes also holds the position of Managing Director and Founder at b.linked GmbH since February 2017. Prior roles include consultant with KfW focused on the African Renewable Energy Initiative, and contractor specializing in financial modeling and advisory services. Johannes's foundational experience at KfW spanned over a decade, advancing from an intern to Assistant Vice President in financial modeling advisory, and involvement in liquidity management and sustainable financing projects. Academically, Johannes holds a Master's in Finance from Frankfurt School of Finance & Management and has pursued studies in economics and complex systems modeling across several prestigious institutions.
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Africa GreenCo
Africa GreenCo aims to increase private sector investment in energy generation in sub-Saharan Africa by mitigating the credit risks associated with the current lack of creditworthy offtakers. Current weak financial position of utilities and limited choice of an alternate buyer in case of utility default deters private capital. An intermediary aggregator between buyers and sellers can help attract sustainable investments in the power sector on the strength of a multi-buyer model. Its role as a financially sustainable intermediary offtaker and power trading company can also stimulate regional electricity trading and facilitate more efficient use of available and new resources by optimising them on a regional basis. Through its activities Africa GreenCo will increase the supply of, and the demand for, finance for energy projects, and mobilize private sector capital more quickly towards critical and transformative capacity additions, reducing pressure on utilities as well as financial liabilities for sovereign governments.