Friday, 8 October

Dear <<First Name>>

Innovation lies at the heart of cutting greenhouse gas emissions and reversing climate change. But all too often renewable energy pioneers capable of disrupting the status quo are failing to take novel ideas to scale, or even get them to market. 

This week, Camco-managed REPP issued a request for proposals aimed directly at innovative companies and entrepreneurs operating in Sub-Saharan Africa’s energy generation and energy access sectors. Through the call, we are looking to discover and support the latest business and/or technological innovations that could hold the key to delivering clean energy access at scale and speed across the region.

Successful applicants stand to benefit from a host of financing services and support tailored to their unique circumstances and needs, ranging from development loans and gap financing to access to risk mitigation instruments, as well as technical assistance and capacity building alongside any direct REPP investment.

Applications need to be submitted by 29 October for priority assessment. To find out more, check out the request for proposals here.

Cheers

Geoff Sinclair

Managing Director, Camco Clean Energy

West Africa

Burkina Faso: World Bank Group subsidiary provides EUR4.5 million guarantee for solar power investment (Afrik21)
- France based IPP GreenYellow has received a guarantee for its investment in the Nagréongo power plant from the Multilateral Investment Guarantee Agency. 

Morocco: GE plans to expand Aftissat windfarm by 200MW (Afrik21)
- This expansion will make it the biggest farm in Morocco with a new capacity of 401.6MW.

Nigeria: EU and GIZ inject USD65 million into Nigerian energy sector (ESI)
- This additional funding has been granted through the Nigerian Energy Support Programme.

East Africa

Somalia: Second phase of REACT SSA Somalia programme launches (CR)
- The programme aims to support the development of Somalia-based companies, specifically microfinance institutions that are commercially active in the renewable energy market.

Southern Africa

South Africa: Solar project to be developed at Mogalakwena mine (CR)
- The 100MW solar PV project is being constructed by Pele Green-EDF SA and is scheduled for completion by 2023.

South Africa: Stationery manufacturer goes 100% green (ESI)
- The BIC factory in Johannesburg will become the brand’s first African site to be completely powered by clean energy. 

Africa - general

Clean energy: Germany pledges EUR100 million contribution to AfDB (Afrik21)
- The funding will be injected into the Sustainable Energy Fund for Africa to support private clean energy investments across the continent.

Energy access: Zola Electric raises USD90 million to facilitate energy access (Afrik21)
- The dutch company aims to provide energy to over 2 billion people in Africa by using smart solar batteries.

Uganda and Sierra Leone: Companies partner to invest USD12 million in solar mini-grids (ReNews)
- The investment by NEoT Offgrid Africa (NOA) and Winch Energy takes them one step closer to realising their goal of building the largest mini-grid portfolio in Sub-Saharan Africa.

Wind power: Global Wind Energy Council launches Africa WindPower (AWP) (BizCommunity)
-  AWP is a regional body that will represent the African wind power industry to help scale and accelerate project development.

Rest of World

Climate change: Central banks lack tools to fight climate change (Reuters)
- A Nobel economist has warned that central banks around the world lack the means to respond to the challenges of climate change. 

Climate change: Are southern countries represented in climate science? (BBC)
- A recent study assessed the most cited papers on climate change and found that less than 1% of authors were based in Africa. 

Climate change: Developed countries fall USD10 billion short of target (Bloomberg)
- 10 years ago, developed countries pledged to mobilise USD100 billion a year into clean energy by 2020, however only achieved USD90 billion. 

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