Friday, 17 September

Dear <<First Name>>

The challenge of increasing the necessary investment flows into emerging markets to tackle climate change is not just urgent, but enormous. In response to this, Camco is working to transform the scale of private climate finance and improve risk-adjusted returns in these markets.

As REPP’s investment manager, for example, we have mobilised USD 129m from private and public sector funders into Sub-Saharan Africa’s clean energy sector since 2016, in addition to the USD 50m committed by REPP. By using and innovating financial structures well-known to the finance industry, we have proven the bankability of projects and achieved investor comfort with an evolving asset class around clean infrastructure. This has led to over 56MW of new renewable capacity being installed across 28 projects in 16 countries, 32,000 tCO2e avoided and more than 700,000 people connected to clean energy for the first time.

Improving the investment landscape for funders is of course just one hurdle of many for improving the investment flows that lead to transformational change. Increasing the volume of bankable projects and working to unblock the regulatory or policy barriers are similarly important, and a core part of our work.

To find out more about Camco’s approach to impact investing and impact, check out our latest report. If you’re interested in working with us, please get in touch. 

Cheers

Geoff Sinclair

Managing Director, Camco Clean Energy

West Africa

Niger: Country launches tender for 50MW solar park (PV)
- The facility will be located at the 100MW Gorou Banda thermal power station and interested developers have until 22 November to submit their bids.

West Africa: ARM-Harith launches USD250 million climate investment fund (Afrik21)
- The fund will focus on financing climate-resilient infrastructure and the development of sustainable development in West Africa.

East Africa

Ethiopia: USD40 billion to be invested in 71 clean energy projects over the next 10 years (Afrik21)
- This government funding aims to expand the country’s renewable energy capacity, which will be exported mainly to East African countries.

Southern Africa

South Africa: Mediclinic signs USD152 million to power hospitals with green energy (Afrik21)
- This deal forms part of the country’s carbon neutrality strategy and the renewable energy will be sourced from independent power producers (IPPs).

South Africa: Spanish developer ‘Grandsolar’ switches on 63MW solar plant (PV)
- Located in the Northern Cape province, the plant will generate 150GWh per year; enough clean energy to power 20,000 households.

Zimbabwe: Country approaches Mozambique and Zambia for additional energy supply (Engineering News)
- As Zimbabwe grapples with 12-hour power cuts, it has opened discussions with Mozambique and Zambia who may provide the country with up to 180MW and 100MW of power respectively.

Africa - general

Europe: EU announces a USD6 million funding line for solar power in Africa and Southeast Asia (PV)
- The credit line will help Californian distributor Amped to supply low-cost solar power systems and home appliances.

General: Sefa approves USD1 million grant to modernise ageing hydropower facilities (Engineering News)
- The AfDB managed fund will finance the mapping and evaluation of the continent’s hydropower rehabilitation needs.

General: Apollo Africa and WePower partner to create renewable energy market platform (Engineering News)
- The partnership aims to accelerate the energy transition by offering the platform to IPPs who will then deliver clean energy to customers.

General: Vodacom invests ZAR8 million in new solar-powered sites (Engineering News)
-This investment will enable three sites to start generating power, which will help to lower the company’s electricity consumption and improve operational efficiency.

Rest of World

UK: Greg Hands appointed energy minister (reNews)
- In the latest cabinet reshuffle, Greg Hands has been appointed Minister of State at the Department for Business, Energy and Industrial Strategy (BEIS) to oversee the UK’s energy and climate portfolio.

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