Friday, 5 November

Dear <<First Name>>

The Renewable Energy Performance Platform (REPP), managed by Camco, published its latest quarterly impact report this morning, providing a quantitative and qualitative overview of how REPP and the projects and companies it supports are continuing to deliver transformative impact in Sub-Saharan Africa. 

Highlights include:

• A 10% increase in the number of people connected to electricity for the first time, bringing the total to over 793,000
• Over 7,500 tonnes of greenhouse gases avoided as a result of REPP-supported projects during the quarter, with just under 40,000 tonnes avoided to date
• USD 3.9m committed to REPP investees over the period, and USD 22m mobilised from third parties as a direct result of REPP interventions
• Nearly 3,000 full-time jobs created in the year to date.

With the world’s attention on COP26 in Glasgow, the report demonstrates just some of the amazing things that are already being achieved with the UK’s generous climate finance commitments, and a cause for optimism that the world can come together to limit heating to 1.5℃.

And don’t forget, you can keep up with our take on the major developments as they happen on our LinkedIn and Twitter accounts or search #CAMCOP26.

Cheers

Geoff Sinclair

Managing Director, Camco Clean Energy

West Africa

Nigeria: Husk Power Systems launches its first six solar mini-grids (ESI)
- The projects are funded by the World Bank and African Development Bank to improve energy access. 

Nigeria: Sokoto cement factory to be powered by renewable energy (GBA)
- The technology group Wärtsilä will provide a 70MW off-grid power plant to power the new BUA site. 

East Africa

Kenya: KenGen announces three year acceleration plan (ThinkGeoenergy)
- The KenGen Managing Director announced the company’s plans to accelerate renewable energy deployment at COP26.

Southern Africa

South Africa: Development partners to fund the country’s energy transition away from coal (BBCNews)
- The UK, USA, EU, France and Germany have all pledged to contribute towards the USD8.5 billion in funding.  

South Africa: REIPPPP names 25 successful bidders (BizCommunity)
- As part of the programme’s fifth round, the companies are expected to add a minimum of 2,583MW to the national grid. 

South Africa: African Development Bank loans Eskom USD57.67 million for energy storage project (GreenBuildingAfrica)
- The financing will come from AfDB's Clean Energy Technology Fund, with additional financing from the World Bank and the New Development Bank.

Africa - general

Africa: New renewable energy alliance formed at COP26 (Afrik21)
- The Global Energy Alliance for People and Planet has pledged to mobilise USD100 billion in private and public funding for clean energy in developing countries, particularly in Africa.

Africa: New climate-focussed pan-African investment vehicle is in development (ThinkGeoenergy)
- InfraCo Africa and Helios Investment Partners are working to establish the Climate, Energy Access and Resilience fund.

EV: Electric vehicle startup raises USD7.5 million for mass production (TechCrunch)
- Opibusis will produce electric busses and motorcycles after a successful first equity round.

Rest of World

Renewable energy: UK and India launch transnational grid project (PVTech)
- The project will connect the grids of participating countries to exploit geographical differences in radiance throughout the day to ensure a stable supply.

Methane: World leaders aim to cut global emissions (SkyNews)
- The Global Methane Pledge initiative signed at COP26 involves cutting emissions by 30% by 2030

Solar power: LONGi Solar breaks efficiency world record with 26.3% (ESI)
- The Chinese power company now holds two world records for efficiency for their HJT and FBC solar cells.

Share this newsletter!

Currencies