The article draws on land and green grabbing debate to critically interrogates the failure of ?eight ?Italian investment in agrofuel production in Senegal. It focuses on the characteristics of the ??Italian investors who ?were drawn to agro-energy ?production and of the incentives struc-tures that ??motivated them. Once ?on site, multiple management problems and conflicts with the ?local population ?arose. The ?article argues that this is not solely attributable to a lack of respon-sibility, bad ?governance ?and ethics of ?individual firms: the green economy and its speculative arrangements must be ?considered.