Renewable Energy Performance Platform (REPP)

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REPP is a new and innovative climate finance initiative to unlock the potential of small-scale renewable energy projects in sub-Saharan Africa.

The Renewable Energy Performance Platform (REPP) supports small to medium-sized renewable energy projects (1MW to 25MW) throughout sub-Saharan Africa. It was established in December 2015 with £48m in funding from the International Climate Initiative through the UK Department of Business, Energy and Industrial Strategy. The REPP offers three distinct products:

  • Technical Assistance: REPP offers repayable Technical Assistance to support selected developers during the development phase in order to reach financial close.
  • Advisory & Structuring Support: REPP provides structuring support and facilitates access to risk mitigation instruments and long-term lending from REPP Partners.
  • Results-Based Financing: REPP may provide Results Based Financing to financially sustainable projects to support them in achieving commercial viability. The RBF may be provided as a grant or as concessional debt.

The REPP is set-up for an initial period of 5 years, with an overall target of installing 150 MW of new renewable energy capacity and improving the access to clean energy for 3.1 million households. To date the REPP has entered support agreements with hydropower projects in Tanzania and Kenya, solar PV projects in Benin, Ghana and Burundi, minigrid projects in Kenya and Nigeria and a solar home systems project in Nigeria. More information is available at www.repp-africa.org

 

 

REPP was developed by the European Investment Bank (EIB) and UN Environment Programme (UNEP) to deliver the UN SE4ALL objectives in Sub-Saharan Africa by mobilising private sector development activity and investment in small and medium scale renewable energy projects. Design work was funded by EIB and UNEP and conducted by the Frankfurt School of Finance and Management and Innpact. Following a competitive tender process, REPP is co-managed by GreenStream and Camco Management Ltd and is operated from London, Helsinki, Nairobi, Accra and Johannesburg.  In addition, the REPP has a constantly growing network of REPP Partners (FMO, OPIC, ATI, Inspired Evolution, GPCF, PTA Bank, FinnFund, BOAK and Oiko Credit).

 

For further information on REPP please contact
Karl Upston-Hooper (karl.upston-hooper (a) greenstream.net).

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