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Impact Outcomes

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Impact Outcomes

Spark Energy Services (Spark) is an innovative financing platform that exists to support the sustainable development of Africa’s commercial and industrial (C&I) sector. Spark provides finance for renewable energy and energy efficiency projects designed to reduce power costs, improve quality of supply and tackle greenhouse gas emissions from industry. By doing so, Spark also supports Africa’s green growth agenda, helping to create quality jobs whilst increasing the competitiveness of the continent’s C&I businesses, which depend on affordable, quality power as an engine for growth.

Figures refer to realised impact as of 31 December 2023

8

businesses supported

2

countries invested in

$1.83m

funding committed

1.1

MWp operational renewable energy capacity

1,055

tCO₂e avoided

579

MWh saved through energy efficiency

835

kWh battery storage capacity

24%

average reduction in customers electricity costs

27

jobs created

(7 held by women)

The addressable market size for C&I sustainable energy solutions in Spark’s initial target jurisdictions alone is estimated to be over USD 20bn annually.

Portfolio allocation

Funding committed by technology type

Funding committed by asset class

Funding committed by country

Spark highlights in 2023

Spark closes initial equity round with new USD 1.5m investment from Fortis Green Renewables
Camco nears financial close for Spark Energy Services after securing commitments for almost USD 25m
Spark sets sights on West Africa expansion with new partnership
Introducing Ariya Finergy
Introducing enPower.life

Image sources: (top) Zero Point Energy (Pty) Ltd, (all others) Camco Management Ltd

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