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Thursday, 23 July

Dear <<First Name>>
 
Finding the right renewable energy project to support in African countries can be a complicated business for investors – and at REPP the task is made all the more challenging because of the programme’s mandate to prove additionality and transformational impact. At the heart of this process is REPP’s Investment Committee, which meets each month to scrutinise new funding proposals and monitor the performance of existing investments.

Two pro bono positions have recently opened up on the committee and we are actively recruiting new members. If you are an experienced Africa investment and renewables professional looking for your next challenge, then we would love to hear from you. More details can be found here.
 
I would also like to take this opportunity to say a heartfelt thank you to outgoing committee member Ghita Hannane for all the hard work and commitment she has given to the IC and REPP. She will be missed!
 
Cheers
 
Geoff

Managing Director, Camco Clean Energy

REPP news

REPP is looking for two Africa investment and renewables professionals with a passion for climate mitigation to join its Investment Committee on a pro bono basis. Closing date for applications is 31 August. 
Story of the week

InfraCo Africa has signed an agreement with Joule Africa to provide US$6 million in funding for the 143MW Bumbuna Hydro II project in Sierra Leone. This funding will bring in the private sector and DFIs and help ensure construction and operational deliverables are met.

West Africa

Chad: Tender for 32MW solar project contractor (PV-Magazine)
- This project forms part of the 60MW Djermaya solar facility north of N’Djamena.

Ghana: IPP aims to build several wind farms with 1,000MW of cumulative capacity (Afrik21)
Swiss IPP Nek to carry our project in several phases and will diversify country's energy mix. 

Nigeria: First undergrid mini-grid deployment proves to be successful (ESI)
- 100kW system provides reliable power to underserved communities.

Sierra Leone: InfraCo to provide US$6 million in funding for 143MW Bumbuna Hydro II initiative (ESI)
- Funding will ensure IPP Joule Africa can cover construction and operational expenses.

Southern Africa

South Africa: Loadshedding forcing self reliance and a move away from Eskom (ESI)
- As loadshedding returns more industries are looking to renewables for stability.

Zimbabwe: IPP Satewave Technologies has installed two 30kW systems (Afrik21)
- The systems will power two schools and are financed with US$90k from China.

East Africa

Burundi: Tembo Power enters into strategic partnership with WK Construction (Engineering News)
- Partnership between firms will now extend to the Dama and Siguvyaye run-of-river hydro projects.

Africa - other

General: Insights on 2X’ing Gender Lens Investing interview (Frank Impact)
- Camco's impact manager Laura Lahti addresses transitioning to gender mainstreaming.

General: EEP Africa has provided a €1.5 million catalyst loan to Redavia (Afrik21)
- Funding will enable the expanded deployment of its solar systems.

General: Report outlines benefits of consolidating European funding for African renewables (PV-Magazine)
- RES4Africa report aims to provide a roadmap to make investment easier, but faces criticism.

General: GERD negotiations set to resume following suspicions Ethiopia is filling dam (Energy Mix Report)
- African Union will support the talks, as Ethiopia denounces allegations.

Rest of World

Solar: Global solar markets begin gradual recovery (PV-Magazine)
- European and Chinese markets have remained stable with demand expected to increase throughout the year. 

Solar: Cleaner air in cities has increased solar radiation levels (PV-Magazine)
- Researchers have proven a method for measuring the impact of pollution on solar output.

Currencies

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