• Camco secures USD 107 million first close for its REPP 2 fund to support renewable energy projects in emerging markets.
• Focus on Africa, addressing the region’s pressing energy challenges and climate resilience.
• The fund aligns with global decarbonization goals, targeting underserved communities and sustainable growth.

USD 107M and a Bold Vision for Energy

In the high-stakes world of renewable energy, Camco Clean Energy is making power moves—literally. The company recently announced the first close of USD 107 million for its REPP 2 fund. The climate and impact fund manager is setting its sights on emerging markets with an ambitious plan to accelerate clean energy adoption.

REPP 2 (Renewable Energy Performance Platform) is designed to scale renewable energy infrastructure in regions like sub-Saharan Africa. According to the International Energy Agency, the region is home to over 600 million people who still lack access to electricity.

What’s Camco bringing to the table? A legacy of delivering over USD 1 billion in clean energy projects globally. REPP 1 alone financed 33 renewable projects that are projected to provide electricity to over 10 million people by 2030. 

Camco is backed by a coalition of international investors committed to tackling the dual challenges of energy poverty and climate change. Now, it aims to do even more with REPP 2 by targeting off-grid solar systems, wind farms, and energy storage solutions.

Why Camco Changes the Game

Let’s talk about context. The WMO reported that Africa contributes less than 4% of global greenhouse gas emissions, yet bears the brunt of climate change. Renewable energy is not a trend; it’s a survival mechanism.

Camco’s REPP 2 fund steps in at a critical time, offering a lifeline to regions struggling with energy insecurity.

The fund also aligns with international frameworks like the Paris Agreement and the African Union’s Agenda 2063, which aims for universal energy access by 2030. Camco’s strategy? Bridge the investment gap in early-stage renewable projects often overlooked by traditional investors.

Powering a Sustainable Future

So, what does this mean for the future? First, the ripple effects on social well-being are profound. Communities gaining access to clean energy can expect improved healthcare, better education opportunities, and expanded economic activities.

On the technology front, Camco is leveraging innovative energy solutions, from decentralized solar grids to hybrid systems that integrate wind and battery storage. This approach enhances resilience against climate shocks like floods and droughts, which are becoming increasingly common in Africa.

The ultimate goal? Scale. REPP 2 is not just about addressing immediate energy needs but about creating a replicable model for other emerging markets to follow. With USD 107 million already secured and more fundraising planned, Camco is setting the stage for a cleaner, brighter, and more equitable energy future.