REPP’s investment phase came to a close at the end of 2023, and the company is now focused on driving investees’ performance and realising exits as these companies prove themselves to be sustainable businesses meeting the needs of their customers.

REPP invested in companies and projects by way of debt, hybrid instruments and equity. Given the range of instruments used, REPP’s exits will be realised through different approaches and varying degrees of speed and ease:

• Debt-funded projects will be exited primarily through ongoing debt servicing, and REPP will explore facilitating refinancing opportunities allowing for a faster exit for the company and for better suited structures for its investees.
• Equity investments entail a slower approach, acknowledging liquidity events are harder to engineer. REPP will actively seek to realise the sale of its interest in investee companies to existing shareholders wishing to increase their ownership or to fresh counterparts looking to benefit from the ongoing value creation associated with REPP investees.

REPP will continue working closely with its investees to ensure the company is able to realise its investments while continuing to make a meaningful impact on addressing Sub-Saharan Africa’s power deficit and limited access to renewable energy. This collaboration will focus on addressing investees’ challenges so that they can realise their potential and implement their strategies in ways that align with best practice so that they do good while doing well.

Funds realised by REPP through the recoupment of its initial investments will be used to drive the growth of REPP 2 in accordance with the vision of REPP’s stakeholders: REPP 2 is positioned to amplify the impact that REPP has had given its larger scale. REPP 2 will facilitate further attainment of the same objectives that REPP had; namely, avoiding greenhouse gas emissions and increasing clean energy capacity and delivery to households and businesses. This in turn will underpin Sub-Saharan Africa’s future potential since energy in fundamental to achieving economic growth and enhanced living standards.

As the manager of both REPP and REPP 2, Camco is motivated to realise these positive outcomes and will work with REPP investees to drive the virtuous cycle that we all a part of.