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About Spark
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About Spark
110kWp rooftop solar PV system above a residential apartment complex in Johannesburg, South Africa
Spark Energy Services (Spark) is a dynamic and scalable investment platform designed and managed by Camco, which efficiently deploys capital for captive renewable energy and energy efficiency projects in Sub-Saharan Africa’s C&I sector.
Spark partners with a network of local development partners (DPs) to deploy capital quickly and at scale, enabling impactful projects that address the region's energy challenges.
By leveraging standardised processes and a streamlined approach to financing, Spark makes it easier and faster for DPs to access the funding they need to scale multiple projects simultaneously. This efficient model allows Spark to drive widespread adoption of clean energy solutions, unlocking new opportunities for growth while mitigating risk.
As of the end of 2024, Spark had secured almost USD30m in debt and equity commitments from investors including the European Investment Bank (EIB), FSD Africa Investments, Jaltech Fund Management and Symbiotics Investments. Spark is now targeting an additional USD20m in senior debt from a consortium of lenders in the next 12 months, with a subsequent close of at least USD100m in the coming years.
Governance structure
Spark’s Board is responsible for the overall direction and strategy of the platform. Its Investment Committee is appointed by, and accountable to, the Board and is responsible for reviewing and deciding on investment proposals, and ensuring that investments are compliant with Spark’s strategy, policies and procedures. The Investment Committee also oversees the monitoring of the performance of projects and the portfolio as a whole.
Spark's governance structure, as of 31 December 2024:
Spark's governance structure
Are you a business in Africa's C&I sector looking to take control of your energy future with solar power and/or energy efficiency? Take our eligibility test to find out how Spark and our development partners can help provide you with a tailor-made renewable energy solution.
