As REPP transitions into a new phase following the conclusion of its investment period on December 31, 2023, the emphasis now shifts to optimising the existing portfolio and facilitating strategic exits. This represents an exciting opportunity to build on the transformational change that REPP and its partners have achieved since the platform’s inception in late 2015, further catalysing the growth of Sub-Saharan Africa’s renewable energy industry.

Top priorities:

• Optimising existing investments: A primary focus of REPP’s manager, Camco, will be on enhancing the performance of REPP’s current investee companies and projects. By anticipating and addressing challenges, the goal is to guide these businesses toward profitability and ensure maximum returns upon exit.
• Capacity building and knowledge sharing: REPP remains committed to equipping local developers with the tools, knowledge and resources needed to navigate the evolving energy and financial landscapes.
• Strengthening partnerships: REPP will continue its focus on strengthening partnerships with government entities, private sector players and development partners to create a more enabling environment for investment in decentralised renewable energy.
• Fostering innovation: In a dynamic sector, adaptability to changing market conditions is crucial. The search for innovative business models and technologies that drive efficiency and sustainability remains a priority, thereby ensuring that investees remain competitive and impactful.
• Monitoring and evaluation: REPP will continue to implement robust monitoring and evaluation frameworks to ensure accountability and transparency, and to help assess the social, economic and environmental impacts of its investments.

REPP has already changed lives for the better and helped steer countries toward achieving the UN’s Sustainable Development Goals and their Nationally Determined Contributions under the Paris Agreement. Through Camco’s management, REPP and its partners will maintain their commitment to unlocking Sub-Saharan Africa’s renewable energy sector’s significant potential for growth and impact in the months and years to come.

2024 is also expected to see the launch of Camco’s REPP 2 private debt fund, which, building on the lessons learned from REPP, will be dedicated to attracting commercial investment into Africa’s renewable energy sector, targeting high-potential projects that can deliver both significant impact and attractive financial returns. Last year, the REPP Board signed an indicative term sheet for a junior equity investment of up to USD 50m from REPP into REPP 2.