Looking ahead to 2025, Camco and our partners are well positioned to capitalise on the significant growth opportunities emerging in both Africa and the Pacific.

Africa continues to be one of the most dynamic and rapidly growing regions in the world. With some of the fastest-growing economies and the highest rates of urbanisation, the continent is facing an urgent need for energy access and infrastructure.

The clean energy sector remains a key driver of economic growth, and despite challenges such as rising borrowing costs and sovereign debt concerns, we remain optimistic about the sector’s long-term potential. Africa’s abundant natural resources and the growing demand for clean energy present unparalleled investment opportunities, and we are committed to supporting local energy developers and companies that will help increase generating capacity, create jobs and stimulate economic development.

The Pacific region also presents a critical opportunity for investment in 2025, both from an economic and geopolitical perspective.

With some of the highest electricity costs globally and a growing need for adaptation to more frequent and severe natural disasters, the Pacific Islands require innovative energy solutions. But beyond the immediate need for affordable, reliable energy infrastructure, the region holds strategic importance in the broader context of global geopolitical dynamics. As the Pacific becomes an increasingly significant area of focus for developed nations - particularly those looking to strengthen ties in the Indo-Pacific - there is an urgent opportunity for leadership in the transition to cheaper, more resilient energy. Camco’s TIDES fund is uniquely positioned to meet this demand, providing sustainable energy solutions that enhance resilience and lower costs in the region.

As we work to finalise the GBP23.9m funding pledge from the UK and New Zealand governments and target further investments, we are excited about the potential to drive transformational change in the Pacific.

For Camco, 2025 represents a year of growth and opportunity, as we work to scaling our operations and continuing to build on the momentum we’ve gained. This includes successfully deploying capital through Spark and REPP 2, as well as continued fundraising for these and TIDES. As the manager of REPP, our focus remains on delivering disciplined portfolio management and executing strategic exits that create value for our investors. We also look forward to expanding our role in providing broader investment support through our technical assistance facilities, further driving impact across the regions where we operate.

Although global uncertainty remains, the opportunities in Africa and the Pacific offer significant potential to make a lasting impact on livelihoods and the world. At Camco, we are more committed than ever to playing a leading role in this transformation, delivering strong returns while driving positive change.