ALL AFRICA SOLAR ENERGY TRADING PLC

A global energy company – empowering people, communities and businesses by responsibly trading and distributing energy

Since BB Energy acquired Solarcentury Africa in March 2021 it has become a key part of BB Energy’s renewable ambition. Solarcentury Africa’s integrated business model means it builds, owns and operates solar projects as well as managing the financial and commercial stages such as equity, debt, power purchase agreements and energy management.

To date, Solarcentury Africa has developed, designed, installed and delivered 19 multi-megawatt projects across seven African countries, all of which incorporate solar PV and battery storage systems. There are a further 860 MW of renewable projects under development with exclusive agreements, and an additional 4GW of solar projects in the pipeline.

Since BB Energy acquired Solarcentury Africa it has focused on solar projects in Africa however with global demand for renewable power growing, it plans to expand its horizons to focus on renewable projects beyond the continent.

BB Energy has plans to become a significant regional power company in Southern Africa. Our power trading business took a major step forward in September 2023 when Solarcentury Africa was granted one of the first conditional memberships for the Southern African Power Pool (SAPP) as a market participant. With the support of BB Energy, Solarcentury Africa will build a portfolio of renewable electricity projects which in turn will supply power direct to customers and into the power grid through the SAPP.

In sub-Saharan Africa 600 million people live without access to electricity. BB Energy is committed to playing our part in addressing this shortfall, in line with our commitments to advance UN SDG 7 – ensuring access to affordable, reliable and modern energy.

Our first merchant solar plants are expected start trading through the SAPP in 2024.

Our carbon credit desk and carbon finance activity finance and manage environmental activities which generate carbon credits. Our product trading team creates value by trading the credits created across both mandatory and voluntary carbon markets through both spot and term contracts.

BB Energy remains committed to its aim to become a global leader in carbon credit trading with worldwide access to high-quality projects across segments including household appliances, nature-based conservation and energy efficiency projects.

Our flagship Improved Cookstove (ICS) initiative was launched in Rwanda in 2022. The aim is to distribute 500,000 efficient woodfire cookstoves to rural communities in the various Provinces of Rwanda.

The improved efficiency will: reduce the volume of emissions per household; alleviate deforestation through decreased demand for wood; improve the health by reducing the fumes emitted and create local employment in the manufacturing of the new cookstoves.

We also invest in a range of low-carbon businesses and funds which aim to reduce carbon emissions and promote the use of low carbon technologies.

For example, our downstream distribution company in Rwanda, Société Pétrolière (SP), has invested in Ampersand to facilitate battery swaps for electric motorcycle drivers at our various retail locations in Kigali.

Likewise in India, BB Energy Renewables invested in Sun Mobility an electric vehicles infrastructure and battery swapping platform, which targets the electrification of the micro mobility sector a market that includes 25 million two and three wheel vehicles in the country.

Billion revenue (US$)

Million MT products Traded

All information correct for FY 2023

BB Energy and SGTraDex renew strategic partnership to advance digital borrowing base financing across Asia. This continued collaboration underscores both companies’ commitment to streamlining access to online financing and advancing digital trade financing through innovative technologies.

BB Energy was delighted to win the Award for Innovative Partnership at the Commodities Innovation Awards in Geneva last night.

Energising growth by responsibly empowering people, communities and businesses

“At BB Energy, we’re not just trading energy; we’re driving global progress by providing safe, reliable energy solutions that empower people, communities and businesses.”

Chief Executive Officer

We support the global energy system by responsibly delivering reliable, secure, and increasingly clean energy to the people, communities and businesses that need it most.

Our strategic direction is defined by our Board of Directors comprising five Executive Directors and two Independent non-Executive Directors.

Our global business supplies traditional, transitional and renewable energy through three business divisions.

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BB Energy Company Profile 2024