Friday, 4 June

Dear <<First Name>>

On Monday, the world’s governments began three weeks of virtual discussions aiming to pave the way for a successful COP26 in November. This follows a warning last week that the world is dangerously close to exceeding the Paris Agreement goal of limiting global temperature rise at 1.5C, which prompted UNFCCC’s Patricia Espinosa to declare the meetings as “a critical milestone in preparing the ambitious and balanced outcome that we need in Glasgow”.

To coincide with the talks, REPP this week launched a new report analysing how its investments are aligned with the climate, energy and development priorities of the countries where it operates.

With all countries now looking at how to ramp up their climate action ambitions in the run up to COP26, REPP’s report serves as a powerful demonstration of the valuable contribution private sector renewable energy companies - and by extension their funders - can have in supporting the successful and timely implementation of those targets and other national priority policies.

We hope the report will inspire other climate and impact investors and fund managers into taking a proactive approach towards ensuring their operations align with national policy agendas, which is critical for strengthening the public-private partnerships required to amplify climate and sustainable development impacts.

Cheers

Geoff 

Managing Director, Camco Clean Energy

West Africa

Burkina Faso: GreenYellow secures EUR21 million in financing for Nagréongo plant (PV-Magazine)
- The loan was provided by the Dutch development bank FMO and will enable the 30MW solar plant to reach commercial operation by the end of 2021.

Senegal: Kahone and Kaél solar power plants enter commercial operation (Afrik21)
- The plants have a combined capacity of 60MWp and are owned by a consortium composed of Engie, Meridiam and Senegal's Fonds Souverain d'Investissements Stratégiques.

East Africa

DRC: Government announces successful bidder for Essor Project (Gridworks Partners)
- The consortium of Gridworks, Eranove and AEE Power will rebrand as Moyi Power and provide power to three cities in the north of the country.

Kenya: Renewvia receives USD1 million in funding from Social Investment Managers and Advisors (Afrik21)
- This funding is expected to provide electricity to over 7,500 people in Turkana County’s rural communities.

Kenya: Proposed mini-grid licence to bolster investment in sector (ESI)
- The Energy and Petroleum Regulatory Authority is reviewing a proposal that would enable private companies to buy and then resell power from Kenya Power.

Rwanda: AfDB approves USD84 million in funding to electrify south Rwanda (ESI)
- The funding will support The Transmission System Reinforcement and Last Mile Connectivity project, which will construct and rehabilitate transmission lines.

Southern Africa

Madagascar: The Off-Grid Market Development Fund subsidises solar kits (Afrik21)
- In partnership with the World Bank, the Malagasy government has launched a performance based grant worth USD2.5 million that will be available for 12 solar kit suppliers.

South Africa: Scatec wins tender to develop 540MWp of solar and 1,440MWh of battery storage (PV-Tech)
- The IPP will develop three plants after being awarded preferred bidder status in the Risk Mitigation IPP Procurement Programme.

Rest of World

Wind: Wind industry must scale up training to meet global demand (ESI)
- More than 480,000 new workers need to be trained over the next five years to meet forecasted demand.

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