Friday, 27 November

Dear <<First Name>>

Impact reporting has become a bit of buzz term over the last few years, and with good reason. It promotes a culture of accountability and transparency, and gives companies and other organisations the chance to communicate how and why they are trying to make a positive difference to people and the planet. 

So it is with pleasure and a degree of pride that we published the first REPP Quarterly Impact Report this week. Camco’s aim as REPP’s Investment Manager is for the reports to give people a better understanding of the tangible impacts REPP-supported projects are having in terms of abating greenhouse gas emissions, improving energy access and a number of other key performance indicators that are in line with the REPP mandate.

We hope the reports will enable you to engage with REPP’s projects at a more meaningful level and build your support for the wonderful things REPP is trying to achieve.

Cheers

Geoff

West Africa

Chad: Two 50MW solar parks under development near the capital, N’Djamena (PV-Magazine)
- The $150 million project will be developed by Austrian company Merl Solar and will sell power at a price of US$0.083/kWh. 

East Africa

Kenya: Electricity demand increases for first time since the pandemic started (Think Geoenergy)
- Electricity demand now at 1,944MW compared to 1,804MW in February 2020, says KenGen.

Rwanda: Ignite Power launches its ‘Extreme Affordability Plan’ (PV-Magazine)
- The company will provide affordable solar solutions to low-income households in rural areas across the country.

Tanzania: AfDB approves US$120 million hydropower project (ESI)
- Funding will be used to construct the 50MW Malagarasi Hydropower project in the west of the country.

Southern Africa

South Africa: Eskom CEO's push for cost-reflective tariffs welcomed (ESI)
- Investors and industry stakeholders agree that Eskom should not rely on government subsidies.

South Africa: 75MW Waterloo solar farm begins commercial operations (Engineering News)
- The 100% South African-owned plant was built in under two years and is one of three recently completed projects in the North West province.

Africa - general

General: Africa's renewable energy capacity is expected to grow to 51GW by 2025 (AE Africa)
- This growth will be led by wind and solar projects primarily located in north Africa, a Rystad Energy analysis shows.

Rest of World

Batteries: Interest grows in vanadium flow batteries (PV-Magazine)
- High price of lithium and better understanding of the applications of the batteries are driving interest.

General: Investors plan major move into renewable infrastructure (The Guardian)
- Global investors managing close to US$7 trillion of assets plan to double their investment in renewable infrastructure in the next five years, according to Octopus Renewables survey.

Currencies