LONDON (ShareCast) - Shares in clean energy development company Camco Clean Energy leapt after it confirmed it was in the running for several projects in Africa.

The AIM-listed company said it could confirm that it was "under consideration, alongside a partner, in respect of a contract to assist with the deployment of capital into renewable energy projects in Africa on behalf of a third party".

Camco also said its energy storage subsidiary, Renewable Energy Dynamics Technology (REDT), was in contract discussions with a third party to manufacture its product.

In March, Camco said it and its development partner MW1's five megawatt solar project had been short-listed for the next round of the Small IPP Procurement Program.

The company also said it had a further 20MW pipeline of similar size solar photovoltaic (PV) projects for the South African program under development as well as other solar development projects across Sub-Saharan Africa.

Shares in Camco were up 24.32% to 5.75p at 14:00 on Tuesday.



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