Friday, 14 January

Dear <<First Name>>

Did you know, Sub-Saharan Africa’s commercial and industrial sector (C&I) makes up 75% of power demand in the region and that that demand is expected to double between 2020 and 2040? For countries to meet their climate objectives, it is therefore critical that their continued economic growth and prosperity is achieved without a correlating growth in emissions. 

But the energy challenge doesn’t end there. Some C&I businesses – particular in rural areas - still lack access to power at all, and many of those that do have access are having to cope with unreliable and expensive power. This is holding back development and opportunities for job creation. 

In response to this, Camco has created Spark Energy Services, an energy financing platform that funds the installation and maintenance of energy efficiency and captive generation projects for C&I customers across Sub-Saharan Africa. 

Spark works with experienced developers across Africa, providing partners with up to 100% upfront financing - as well as the tools, contracts and training - required to enable these projects to get built.

We think the approach could be a potential game-changer for developers in the sector. And by providing access to a diversified portfolio of clean energy projects across Africa, it also presents a new opportunity for investors looking to make climate-positive investments with a strong, transparent and robustly measured ESG profile.

If you are interested in finding out more about Spark, then check out this first ever LinkedIn post on the official Spark channel or visit the website.

Cheers

Geoff Sinclair

Managing Director, Camco Clean Energy

West Africa

Mali: Mini-hydro electric power project in Karouba receives loan approval (CRO)
- A total of USD25 million will be lent by the West African Development Bank for “partial financing” of the project being developed along the Sankarani River.

Mauritania: Nouakchott airport goes green (Afrik21)
- As part of a project commissioned by GreenYellow, the airport now operates partly on solar energy using panels with a total capacity of 15 MWp.

East Africa

Kenya: Entire country suffers four-hour power outage (Quartz)
- Earlier this week, the collapse of towers along a high-voltage transmission line led to Kenya’s third countrywide power outage in four years.

Madagascar: 8 MWp solar PV project to help power the Tôlagnaro mine (Afrik21)
- CrossBoundary Energy will build the plant at the QIT Madagascar Minerals site to power its operations and contribute to the mining company’s carbon neutrality objectives.

Zambia: Sun-tracking solar panels used to maximise energy production (EngineeringNews)
- Developer Enel Green Power claims it is the first time sun-tracking panels have been used in Sub-Saharan Africa.

Southern Africa

Botswana: USD1 million grant approved by SEFA (AfDB)
- The grant will support the nation's clean energy transition by funding a technical assistance project which aims to close critical gaps in the country's policy, regulatory and legal frameworks.

South Africa: WiSolar launches first funding round to raise ZAR45 million (EngineeringNews)
- The startup sells solar power on a prepaid basis and plans to use the funding to enter new markets.

Africa - general

Africa: New fund launched for climate-efficient businesses (Afrik21)
- The E3 Low Carbon Economy Fund I will be run by Energy Access Ventures and Lion's Head Global Partners.

Morocco: Museum to self-produce electricity utilising solar PV (MoroccoWorldNews)
- It is claimed that the Mohammed VI Museum will become the continent's first museum to install solar energy technology.

Rest of World

UK: RWE commissions 860 MW offshore wind farm in the North Sea (ReNews.Biz)
- Once operational, the farm will be one of the largest in the world.

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