Friday, 13 November

Dear <<First Name>>

Camco embarked on a new and exciting chapter in its 30-year history this week after being approved as an accredited entity by the Green Climate Fund (GCF).

The GCF is widely seen as a primary mechanism for helping developing countries respond to the challenges of climate change, both mitigation and adaptation. As an accredited entity, Camco can now propose projects and programmes to the GCF that supports this ambition and - if approved - can oversee and manage their implementation.

This is a huge achievement for a relatively small company like Camco and has taken tremendous effort and dedication from the team. I would like to say a huge thank you to the amazing people who work here at Camco, as well as the GCF Secretariat, Accreditation Panel and Miles Austin at Advisory 42 for helping to make this happen.

And now the real work begins as we develop the exciting and innovative proposals needed to win the GCF’s approval and do our part in ramping up climate action. Stay posted for updates!

Cheers

Geoff Sinclair

Managing Director 

West Africa

Senegal: 30MW solar park with 15MW/45MWh storage component to be built (PV-Magazine)
- The US$40 million project will be the first large scale solar-plus-storage project in the country. 

East Africa

Ethiopia: Rocky Mountain Institute partners with IKEA Foundation to improve energy access (ESI)
- A US$1 million grant from the IKEA Foundation will be used to provide rural communities with access to renewable energy.

Uganda: Bugala Island to be electrified via an underwater cable (Afrik21)
- The 7km-long 33kV cable will be built by CCC Engineering which was awarded the contract by the Rural Electrification Agency of Uganda.

Uganda: Country ranked as having the most well-developed electricity regulatory framework in sub-Saharan Africa (Africa Energy Portal) / (ERI Report)
- The annual Electricity Regulatory Index conducted by the AfDB has just been released and recognises Uganda's success.

Southern Africa

Malawi: The Africa Trade Insurance Agency has guaranteed the US$67 million Nkhotakota solar plant (Afrik21)
- The guarantee was issued under the Regional Liquidity Support Facility (RLSF), a facility that provides short-term liquidity support to IPPs, and will cover any late payments from the national utility.

Zimbabwe: Sun Exchange to install 1.9MW rooftop solar system for Nhimbe Fresh (Afrik21)
- The system, which will include a 1MWh storage component, is the first built outside of South Africa by Sun Exchange and will be located in Marondera.

Africa - general

Solar: Tender for small-scale PV plants launched in Kenya, Ethiopia and Uganda (PV-Magazine)
- The United Nations High Commissioner for Refugees (UNHCR) is seeking proposals from IPPs for plants ranging in size from 60-500 kW.

Rest of World

General: Pension funds and corporates could save the world, says new IRENA report (PV-Magazine) / (IRENA Report)
-  Second edition of IRENA's clean energy investment report says industry needs to unlock the $87 trillion being sat on by the world’s biggest investment houses.

Solar: Recent IEA report indicates world could add up to 900GW of solar by 2025 (PV-Magazine) / (IEA Report)
- Report indicates that bearish estimates made during the height of the pandemic have been raised with Europe and the US predicted to catch up with China.

Solar: Global PV module demand will reach 143.7GW in 2021 (PV-Magazine)
- According to research company PV Infolink demand will increase by 15% mostly as a result of deferred projects being completed.

Technology: New study indicates that stand-alone PV systems with pumped storage could deliver cheap electricity (PV-Magazine)
- The easily deployable, chemical-free approach might be best in countries that lack battery-recycling rules, the researchers said.

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