Camco is delighted to share the latest Renewable Energy Performance Platform (REPP) annual report, REPP Report and Financial Statements 2022-2023.
For the past seven years, Camco-managed REPP has financed developers in the decentralised and small-scale renewable energy sector throughout Sub-Saharan Africa. This new report shows the performance of these projects in the year ending March 31, 2023, and offers a comprehensive overview of the platform's performance since its inception.
Notable achievements highlighted in the report include:
The successful connection of 1,269,000 people to clean energy for the first time
The avoidance of 117,000 tonnes of CO2 equivalent emissions, with an estimated 20 million tonnes expected to be averted over the lifetime of the projects
The installation of 32.3MW of renewable energy capacity, with an additional 387MW in development
The creation of 11,773 new jobs, of which 2,524 were occupied by women
Ben Hugues, Investment director at Camco, said, "We're immensely proud of the strides REPP has taken over the past seven years and today’s report stands as a testament to the positive impact we've had on the renewable energy landscape in Sub-Saharan Africa.
“The numbers speak volumes – over a million people connected to clean energy and a significant amount of carbon emissions avoided. None of these achievements would have been possible without the dedication and support of REPP’s partners and stakeholders and our expert team here at Camco.”
As REPP's investment period comes to a close at the end of this year the Camco team has dedicated substantial effort to building upon the platform's successes.
This effort has resulted in REPP 2, a USD 250m blended finance fund that builds on the legacy of REPP and has been designed to ensure sustainable returns for investors while simultaneously delivering significant climate and economic benefits.
Last week, Camco had the pleasure of announcing that the Green Climate Fund had approved a USD 50m investment into REPP 2, and that the REPP Board had executed an indicative term sheet for an investment of up to USD 50m into REPP 2. Find out more here.