Camco Secures $107M for REPP 2

Key Figures & Findings: Camco, a specialist climate and impact fund manager with over 30 years of experience in sustainable finance, has achieved the first close of its Renewable Energy Performance Platform (REPP) 2 fund with an initial $107 million raised. This debt fund, designed to channel investments into small-scale and distributed renewable energy markets in Sub-Saharan Africa, is backed by influential financiers, including the Green Climate Fund (GCF), Norfund, the Dutch development bank FMO, the Belgian Investment Company for Developing Countries (BIO), and others. Camco's REPP 2 aims to build on the success of its predecessor by scaling renewable energy projects that provide access to clean energy for underserved communities.

Statistics & Insights: The fund will enable the deployment of 330 MW of renewable energy, supplying clean energy to over 7.7 million people in Africa. Additionally, an extra $78 million in commitments is anticipated, subject to meeting certain conditions.

Future Implications:
By 2027, REPP 2 could significantly enhance energy access across Sub-Saharan Africa, contributing to regional climate goals and sustainable development. It could also demonstrate the effectiveness of blended finance in scaling green energy initiatives globally

Source: Renewables Now