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RECs are tradable, non-tangible certificates that represent the environmental attributes of one megawatt-hour (MWh) of renewable electricity generated and fed into the grid.
The platform, a brainchild of the Africa Institute for Carbon Trading and Sustainability, in partnership with Silver Carbon, was launched in Harare on Friday last week.
The government has been trying to pivot towards a green energy economy through policies such as the National Renewable Energy Policy and Biofuels Policy of Zimbabwe.
These jobs are not only in the installation and maintenance of renewable energy systems, but also in manufacturing, research and development, and other related fields.
Despite the advanced stage of negotiations, the Concession founder noted that one of the biggest challenges facing the firm is the power purchase agreement bankability.
Speaking at the inaugural Investment Forum for the Accelerated Partnership for Renewables in Africa (APRA), held in Nairobi, Kenya, from October 14 to 16
The fund is registered with the Securities and Exchange Commission with Old Mutual, the Government of Zimbabwe, and various UN agencies as its key initial investors.