Friday, 29 October

Dear <<First Name>>

It’s been such an eventful week for us, I am not sure how I’ll condense everything into a short post, but here goes...

On Monday, we had the pleasure of announcing the commercial operation of the 7.5MW solar PV plant in Mubuga, Burundi, which followed a six-year multinational effort to bring solar to the East African country and has boosted its generation capacity by a staggering 10%.

On Tuesday, Camco-managed REPP was named the winner of the Transformational Finance Solutions – Impact Investing award at the prestigious Financial Times and IFC Transformational Business Awards. A tremendous achievement for all involved!

And then today, REPP published its latest annual report, quantitatively and qualitatively demonstrating the transformational climate and sustainable development impacts REPP-supported projects are having in Sub-Saharan Africa.

In global news, the Global Conference of Youth (COY16) kicked off in Glasgow yesterday, an important but often overlooked precursor to the main event starting in just a few days’ time. Please check out our LinkedIn and Twitter accounts during the course of COP26 when we’ll be reporting from the sidelines and providing our own analyses as things wrap up in mid-November.

Exciting times! I wish you all a restful weekend and see you again next Friday after what I am sure will be an equally busy week.

Cheers

Geoff Sinclair

Managing Director, Camco Clean Energy

West Africa

Burkina Faso: Africa REN Energy launches construction of solar plant (AfricaGlobalFunds)
- Once complete, the 38MW Kodeni plant will be the largest in the country.

Nigeria: Salpha Energy signs NEP grant agreement (TheNation)
- The World Bank-funded grant aims to improve power accessibility by financing solar home systems for homes and businesses.

East Africa

Kenya: Greenlight Planet Kenya receives USD75 million in funding (Afrik21)
- British investor CDC Group has teamed up with Norfund, Standard Bank and Citi to provide funding for solar home systems.  

Uganda: Sweden funds analytical studies on floating power plants (CCEOnlineNews)
- The research is envisaged to take 21 months, with a focus on pioneering floating solar developments on several reservoirs across the country. 

Zambia: State-owned Zesco’s debt reaches USD3.5 billion (Africa- Energy)
- The power company claims that its debt is largely due to importing emergency power at triple the normal selling price.

Southern Africa

South Africa: New best practice guidelines for solar plants (ESI-Africa)
- The Operations & Maintenance Best Practice Guidelines - The South Africa Edition, were produced by industry leaders and should help solar power stakeholders to foresee potential challenges.

South Africa: Eskom adjusts Transmission Development Plan for 2022 to 2031 (BizCommunity)
- The adjustments include the addition of 30GW over the next decade, largely from wind and solar energy.

Africa - general

Africa: ISA and Bloomberg sign partnership for clean energy (Afrik21)
- USD1 trillion will be mobilised and invested in solar power generation across ASI member countries.

Rest of World

UK: Plan unveiled for USD1.7 billion solar project in Swansea (NewCivilEngineer)
- The Blue Eden scheme includes a breakwater wall as part of a tidal lagoon, floating solar panels, a battery factory and a data centre run on renewable energy.

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