Performance overview
Figures refer to realised impact as of 31 December 2023
tCO₂e avoided
people connected to electricity for the first time
people benefitting from improved grid stability
308
MW of renewable energy (operational and under development)
assets under management
finance mobilised from third-party sources
jobs created
of funding invested in companies aligned with 2X gender lens investment criteria
Sustainable impact objectives
REPP’s objective is to accelerate Africa’s transition to a sustainable development pathway, including mitigating climate change, through its support for small-scale decentralised renewable energy projects and developers. It has been achieving this by stimulating the development of a vibrant, networked and viable market for the sector with two specific aims: to contribute towards the UN’s Sustainable Development Goal (SDG) 7 – ensure access to affordable, reliable, sustainable and modern energy for all, and SDG 13 – limit and adapt to climate change; and to mitigate climate change in line with the Paris Climate Agreement and the International Panel on Climate Change (IPCC)’s call for a 50% reduction in carbon emissions by 2030 to limit global warming to 1.5˚C above pre-industrial levels.
This has involved overcoming barriers like limited financial resources and navigating both perceived and actual political and regulatory uncertainties. It has also entailed generating a large number of projects and adjusting established financing methods to suit unfamiliar country contexts. These efforts have collectively enhanced investor confidence and motivation to participate in the market. By de-risking projects in this way, private finance has been encouraged to enter, thereby bolstering the market and mitigating future risks.
REPP’s flexible financial approach, coupled with technical assistance and the risk mitigation support offered by its partners, has helped create the commercial interest necessary to take renewable energy technologies to scale and lead to a shift towards low-emission, sustainable and climate-resilient development pathways in Africa, as presented in the diagram below.
REPP is aligned with the 2X criteria for gender lens investing, with 30% of all funding invested during its investment period to female-owned and/or female-led companies. We continue to provide our investees with gender equality training and assist them in establishing gender action plans to improve gender equality within their operations and project implementation. REPP is also working in partnership with the 2X Collaborative to increase equitable climate finance flows through knowledge development and advocacy.
