Friday, 25 March

Dear <<First Name>>

Energy efficiency is the fastest, cleanest and cheapest way to tackle climate change and end mankind's dependence on fossil fuels. It remains the unsung hero of the energy world, but to realise its full potential energy efficiency must take centre stage. 

Earlier this week, the Camco team was treated to a fascinating presentation from an Africa-focused energy efficiency specialist, who revealed that up to 43% of energy produced each year is wasted – which if capture, they claimed, would make enough savings to turn off every coal plants. 

In some parts of the world that figure is far higher, with one US-government backed research facility claiming that 68% of the States’ energy is wasted

Whichever stat you look at, it is a staggering amount - and something that should be front of mind of every energy specialist, climate negotiator, policy maker and end-user on the planet. 

Last year, Camco set up Spark Energy Services to help provide the necessary finance flows to increase the deployment of energy efficiency - and captive generation - initiatives in Sub-Saharan Africa’s commercial and industrial sector. We are convinced that energy efficiency is the most cost-effective way for these businesses to address energy demand and that Spark offers the solutions needed to take energy efficiency to scale. 

If you want to know more about the current state of energy efficiency in Sub-Saharan Africa’s C&I space and how Spark is working to address the barriers holding back progress, then check out this opinion piece in NextBillion by Camco’s Adam Fitzwilliam.


Geoff Sinclair

Managing Director, Camco Clean Energy

Story of the week

A major new report from the International Renewable Energy Agency proposes a framework on how to maximise Africa's energy transition potential. 

Spark news
In this article, Camco's Adam Fitzwilliam, makes the case for why Sub-Saharan Africa's commercial and industrial businesses should focus more on energy efficiency as a cost-effective way to address energy demand.

West Africa

Nigeria: Country advocates for a multi-track energy transition programme (ESI) 
- According to Nigeria's Minister of State Petroleum Resources, the country will continue to lead the charge for a multifaceted energy transition programme that will bring more investment to Africa.

Senegal: World Bank approves funding for electricity services (ESI)
- The International Development Association has received approval to provide USD150 million in funding to increase access to electricity for households, enterprises and critical public facilities in the country. 

East Africa

Mauritius: Central Electricity Board launches two solar tenders (Afrik21)
- Tenders have been launched for the development of two solar projects to provide 140MW of new installed capacity.

Tanzania: Country’s first solar-powered service station launches (ESI)
- TotalEnergies has solarised its outlet in Dar es Salaam as part of its wider strategy to incorporate renewable energy into 5,000 service stations across 57 countries. 

Southern Africa

South Africa: Anglo American signs MOU with EDF Renewables (Afrik21) 
- Over the next 10 years, the subsidiary of Electricité de France will work with the mining giant to deliver between 3GW and 5GW of clean energy to its South African operations.

South Africa: Tronoxhe signs PPA for 200MW of solar power with SOLA Group (PVmagazine) 
- The project is expected to provide around 40% of the company’s South African electricity needs by the end of 2023. 

Zambia: Total Eren and Chariot partner up on 430MW renewables project (PVTECH)
- The two companies will develop a solar PV and wind project for First Quantum Minerals, which aims to offset emissions from the company’s mining operations.

Africa - other

Africa: African Guarantee Fund signs equity guarantee agreement with Empower New Energy (ecoFin)
- The partnership aims to boost Africa’s solar industry by financing the installation of clean power generation systems for commercial and industrial customers.

Africa: Twenty companies selected for ELEVATE programme (GOGLA)
- The initiative aims to help African businesses connect with international networks and financiers, as well as improve their investor preparedness.

Africa: AIF boardroom sessions attract USD32.8 billion in investment interest (ESI)
- The three-day virtual boardroom meetings showcased 40 projects across several sectors, including energy - particularly renewables, telecommunications and healthcare.

Report: How to maximise Africa’s energy transition potential (ESI)  
- IRENA’s latest report addresses the efforts that must be made to build modern, resilient and sustainable energy systems across the continent.

Rest of the world

Europe: War in Ukraine to ‘turbocharge’ green hydrogen production (PVTECH)
- According to Rystad Energy, the cost of so-called blue and grey hydrogen production has risen by more than 70%, whereas the economics of green hydrogen has become increasingly attractive.

Clean Energy: Renewables firms risk talent exodus (Energydigital)
- A recent survey indicates that renewables firms are over-reliant on a shallow pool of talent with the relevant skills and risk losing talented employees to other industries.

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