Friday, 24 June

Dear <<First Name>>

As the Africa Energy Forum wraps up in Brussels today, I wanted to give a shout out to organisers EnergyNet for putting on yet another excellent event. The last few days have been a whirlwind of meetings, talks, catch-ups and the occasional bit of sleep! It’s been a pleasure to see so many familiar faces again after a long time, and to make lots of exciting new contacts.

A highlight for me was welcoming Lesotho’s Minister of Energy and Meteorology, His Excellency Honourable Mohapi Mohapinyane, and the rest of the Lesotho delegation to the Camco stand.

Through our work as REPP’s investment manager, Camco has been supporting the Lesotho Government's vision for making the country a 100% clean energy hub in Africa for several years (see here for more) and has a long-term commitment to helping the government to achieve its ambitious climate and economic objectives. Meeting face-to-face with the delegates was the perfect opportunity to catch up and discuss how to further strengthen our partnership and work together to unlock the market for other investments.

Next year the AEF will be in mainland Africa (Kenya) for the first time in – extraordinarily – 23 years! I am looking forward to it already. In the meantime, it’s Alliance for Rural Electrification’s flagship Energy Access Investment Forum next week, which REPP is sponsoring. Camco’s Ieva Indriunaite and Rafikh Ismail will be there, with Ieva joining other industry experts for the event’s opening discussion. For more details on that, click here.

Cheers 

Geoff Sinclair

Managing Director, Camco Clean Energy

West Africa

Benin: Engie Energy Access signs EUR10 million loan agreement with EIB (Afrik21)
- The funding will support rural electrification through the deployment of up to 107,000 stand-alone solar home systems. 

Nigeria: Husk Power plans to deploy 500 solar-powered microgrids over the next four years (Afrik21)
- The electrification initiative aims to connect up to 400,000 households, 8,000 businesses, 700 public clinics, 200 private hospitals and 100 public schools to clean electricity and displace about 25,000 diesel generators.  

Togo: West African Development Bank (BOAD) approves financing for the construction of a 42MWp  solar PV plant (ESI Africa)
- The Awandjélo solar project will be implemented through the ‘Scaling Solar’ programme, which aims to encourage private investments in solar energy in order to diversify the country’s energy mix.  

East Africa

Kenya: Government’s ambitions for country’s first waste-to-energy plant gathers pace (Afrik21)
- Hitachi Zosen Inova (HZI), a Switzerland-based waste management technology provider, has partnered with environmental solutions company, Sintmond Group, to convert waste into electricity and fuel.

Uganda: Gridworks to support development of Uganda’s transmission sector (African Review)
- This will be the country’s first privately financed transmission project and it will play a vital role in boosting economic development and improved access to clean electricity. 

Southern Africa

Malawi: Government to rehabilitate damaged Kapichira Hydropower Plant  (ESI Africa)
- A USD60 million soft loan from the World Bank will boost Malawi’s energy generation capacity to achieve its 1GW target within the next three years.

Mozambique: Government to launch three 30MW solar PV tenders in July (Green Building Africa)
- The public tender programme will introduce transparency and competitiveness in the renewable energy sector with the aim of attracting the best national and international investors. 

Africa - other

Africa: British International Investment (BII) commits USD200 million to hydropower in Africa (Engineering News)
- BII will join Norfund in its joint venture with Scatec to support the sector. This is expected to create 180,000 jobs and generate electricity to meet the needs of more than 3 million people. 

Africa: USD300m Pan-African Renewable Energy Fund (PAREF) established to accelerate rollout of renewable energy projects in Africa  (Green Building Africa)
- Infrastructure investment firm, Harith General Partners, and Anergi Group, a leading African power provider, to develop, finance and execute both greenfield and brownfield projects. 

Africa: British International Investment subscribes to USD75 million Green Basket Bond arranged by Symbiotics  (ESI Africa)
- The green lending programme provides an innovative platform that will accelerate the origination and funding of green projects through Micro, Small and Medium Enterprise Development (MSME) banks. 

Egypt: 1,100MW wind farm to be constructed on Gulf of Suez (Afrik 21)
- The construction has been entrusted to a consortium formed by the Saudi independent power producer Acwa Power and the Egyptian Hassan Allam Holding.

Mauritania: The European Investment Bank (EIB) partners with country to boost wind, solar and green hydrogen investments  (reNews.biz)
- The close cooperation will allow Mauritania to benefit from EIB’s unique technical experience and financial strength. 

Pacific

General: (Op-ed) Pacific islands need a 1.5°C world for its survival  (Cook Island News)
- Tagaloa Cooper, Director of Climate Change Resilience at SPREP, has called on global community to support increased access to climate financing for the ocean and coastal climate monitoring and research, risk assessments, and remediation or adaptation measures. 

New Zealand: Government develops maritime security plan with Solomon Islands (Web Times)
- This arrangement represents intensifying security interests in the area to counter Chinese influence. 

Rest of the world

Global: Energy investments to increase by 8% in 2022 (ESI Africa)
- According to the International Energy Agency, the fastest growth in energy investment will be from the power sector, mainly in renewables, grids and energy efficiency.

Global: Energias de Portugal plans to invest EUR1.5 billion to develop offshore wind projects by 2025  (Renewables Now)
- This will be achieved through the Ocean Winds joint venture between its renewables division and French company, Engie SA. 

Global: Global wind pipeline of offshore wind projects reaches 846GW, claims Renewables Now
- China is the leading country in terms of the total pipeline with 98GW, followed by the UK, US, Germany, Brazil, Sweden, Ireland and Vietnam, among others. 

Norway: 20MW electrolyser to be constructed (Renewables Now)
- Denmark’s Everfuel A/S and Norway’s Greenstat AS have been awarded a USD14.8 million grant by Norwegian government enterprise, Enova, to develop a hydrogen hub in Kristiansand.

United States: TotalEnergies acquires 50% stake in the fifth largest US renewable energy player  (reNews.biz)
- This is the largest renewable energy acquisition in the US for TotalEnergies, bringing the company’s renewables portfolio in the country to more than 25GW.

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