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About REPP
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About REPP
ARC Power employee cleaning solar panels at mini-grid site in Rwanda
The Renewable Energy Performance Platform (REPP) is a USD 120m UK government-funded programme that was set up in 2015 with the primary purpose of avoiding greenhouse gas emissions through promoting access to clean, affordable electricity to underserved communities in Sub-Saharan Africa. It has been achieving this by providing critical development phase capital and gap financing, which mobilises private capital through de-risking investments.
REPP develops and employs innovative financing tools and approaches to help developers access the necessary finance and expertise to implement their projects and grow. Under Camco’s management, REPP has successfully mobilised the private sector’s development of - and investment in – renewable energy projects across the region. And by developing markets that are both replicable and scalable by the wider private finance community, it has helped lay the foundations for the sector’s rapid and far-reaching expansion.
By the end of its investment period on 31 December 2023, REPP had established itself as an impactful investment platform for small-scale distributed renewable energy across the region, providing flexible capital and support to project developers and demonstrating operational feasibility to other investors and lenders. In 2021, REPP’s achievements were publicly recognised when it won the Transformational Finance Solutions: Impact Investing award at the Financial Times/IFC Transformational Business Awards. And in 2022, the platform was ranked as one of the most active investors in mini-grids in the World Bank Group’s ESMAP Mini Grids Market Outlook 2022.
Following the end of REPP’s investment period, our focus has shifted to portfolio management and achieving exits that continue the beneficial effects of REPP’s initial investments (see Outlook for more).
REPP is funded by UK International Development. Its funding is UK International Climate Finance (ICF) and is managed through the Foreign, Commonwealth and Development Office (FCDO). The platform was originally conceived by UN Environment and the European Investment Bank (EIB) in response to the UN’s Sustainable Energy for All initiative, which seeks to ensure universal energy access and double renewable energy’s share in the global energy mix.
REPP’s governance structure
REPP’s Board is responsible for the overall direction and strategy of the programme. Its Investment Committee is accountable to the Board and during the investment period was responsible for deliberating on investment proposals. The Investment Committee is responsible for ensuring that investments are compliant with REPP’s policies and procedures and are aligned with its strategy and support policies. It also oversees the monitoring of the performance of projects, investments and the portfolio as a whole. Members of the Investment Committee are mostly appointed by the Board, with FCDO having the right to appoint one member.
