The Renewable Energy Performance Platform (REPP) starts cooperation with Overseas Private Investment Corporation (OPIC)

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The Renewable Energy Performance Platform (REPP), established in order to develop small-scale and distributed renewable energy in sub-Saharan Africa, is pleased to announce that the Overseas Private Investment Corporation (OPIC) has signed an agreement to facilitate cooperation in REPP projects. OPIC is U.S. government’s development finance institution.

During the next five years REPP will seek suitable projects for OPIC to be financed. The purpose is to identify strong projects that would be suitable for OPIC financing at an early stage. OPIC financing combined with REPP assistance provides the projects higher possibilities to achieve their prospective development impacts. These projects aim to help overcome investment related challenges for first mover projects operating within newly supportive policy environments.

The projects that REPP seeks for OPIC will be in line with REPP’s goal of adding more than 150 MW of renewable energy capacity in Sub-Saharan Africa. REPP is managed by Camco and GreenStream Network.

“We are delighted that the Overseas Private Investment Corporation is partnering with the REPP to further the mutual goal of getting small scale renewable projects to financial close in Africa.” Dr Nykänen further noted that “the involvement of OPIC is a key development in achieving the goal of the REPP: to foster an ecosystem of private finance, developers and service providers that will drive a sustainable transition to a low carbon economy in Africa.”

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