The Renewable Energy Performance Platform (REPP) was established with a bold ambition: to catalyse renewable energy investment into Sub-Saharan Africa and help address the region’s urgent need for clean, reliable power. For nearly a decade, REPP has made a significant contribution to that mission, investing in pioneering projects and developers, crowding in private capital and enabling innovative business models to thrive.

With the close of REPP to new investments at the end of 2023, the company has now entered its next phase, which is a deliberate and focused effort to maximise value from the existing portfolio. This means not only securing strong financial outcomes, but ensuring the lasting sustainability and developmental impact of the projects and companies that REPP has backed. The Board remains confident that, through Camco’s active management of REPP—combined with its strong governance and partnerships—REPP will deliver on this commitment.

The close of the investment period does not mark the end of REPP’s journey, but rather an evolution. In 2024, we were pleased to see the USD107m first financial close of REPP 2—a new private debt fund created by Camco, with REPP as a cornerstone investor—alongside commitments for an additional USD78m. REPP 2 builds on the lessons and successes of its predecessor while deepening ambition for improved energy access across emerging markets through low carbon development . This reflects a meaningful continuation of REPP’s original purpose, and we welcome the growing pool of investors and development partners it has attracted.

As REPP matures, the Board has placed increased emphasis on governance and reporting. Over the past year, efforts to enhance the quality and consistency of portfolio reporting have begun to bear fruit. These improvements not only support accountability but enable better decision-making at both project and portfolio level.

Looking ahead, the Board has initiated a series of measures to further strengthen governance into 2025, including the appointment of a chairperson. These steps will help ensure robust oversight continues as the fund transitions into value realisation mode. To this end, Ladé Araba was appointed as chairperson in April 2025, and the Board extends a warm welcome as it looks to her leadership.

REPP’s contribution has always gone beyond megawatts and financial returns. It has shown what can be achieved when public capital is deployed strategically, guided by determination and a clear sense of purpose. On behalf of the Board, we are proud of all that has been accomplished and confident in the enduring legacy REPP will continue to shape—both through its portfolio and through the next generation of investment under REPP 2.