P-REC Aggregation Facility
The P-REC Aggregation Facility (PAF) is planned as a facility to drive sustainable development in some of the most fragile and underserved countries in Sub-Saharan Africa by mobilising early-stage finance for renewable energy projects. Upon launch, it aims to provide upfront payments to project developers in exchange for the ownership of Peace Renewable Energy Credits (P-RECs) generated by their projects and sold in voluntary clean energy markets globally.
What we seek to provide
Upfront capital and market access​
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PAF seeks to provide upfront capital for future P-REC sales from qualifying projects — unlocking flexible project finance with less administrative burden. PAF aims to manage buyer engagement and I-REC processes, allowing developers to focus on project delivery.
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Simplified high-impact procurement​
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PAF aims to enable the large-scale procurement of P-RECs, a specialised and high-quality International Renewable Energy Certificate, through a single, streamlined transaction. It also seeks to enable buyers to work with a single counterparty to procure P-RECs from multiple projects and countries. This approach is intended to support new renewable energy in fragile contexts while enhancing Scope 2 emissions reductions and other sustainability outcomes.
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Download factsheet to find out more.
Market innovation and partnerships​
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Energy Peace Partners (EPP), the exclusive issuer of P-RECs, led the design of PAF. Camco works closely with EPP to support new market development by partnering with governments, regulators, and the I-Track Standard Foundation to expand I-REC issuance across Africa.
Creating positive impact
PAF objectives (projected)
856k
people connected to electricity for the first time
71
MW new renewable energy capacity supported
$137m
funding mobilised
69k
businesses connected to electricity
732k
tCOâ‚‚e avoided over projects' lifetime¹
1,586
direct jobs created
1 Attributable to PAF funding