Bloomberg announced on Thursday, November 16, 2023 that Camco plans to mobilize $1.6 billion for electrification projects in Africa through its Renewable Energy Performance Platform 2 (REPP 2) debt fund.

Camco is an impact fund manager specializing in sustainable energy and climate finance. Indeed, according to Benjamin Hugues, investment director at Camco, “REPP 2 will devote 50% of these assets to the development of mini-grids and networks on isolated sites, 40% to solar, wind and hydroelectric power plants of less than 25 megawatts, while the rest will be reserved for solar home systems.” For the latter, le fonds vise à lever 230 millions de dollars directement auprès de plusieurs institutions financières et gouvernements, dont le Fonds vert pour le climat et le government British