1 July 2026

Lab alum Green Guarantee Company (GGC) has closed its first two transactions, totaling USD 70 million, to support energy access across Sub-Saharan Africa and contribute to the Mission 300 initiative led by Lab members World Bank Group and the African Development Bank. 

The first transaction is a USD 20 million framework guarantee to Bank of Africa UK, supporting mini-grid development in Nigeria under the DARES program. It will provide around 340,000 people with new or improved energy access and avoid approximately 250,000 tCO2e per year. 

The second is a USD 50 million guaranteed green bond listed on the London Stock Exchange, arranged by Standard Chartered. Backed by distributed solar assets across Sub-Saharan Africa, it is expected to expand clean energy access for around 4.3 million people. 

Together, these closings mark a significant milestone for GGC, demonstrating how guarantee-backed structures can deliver on-the-ground impact in emerging markets.