The Renewable Energy Performance Platform (REPP) supports small to medium-sized renewable energy projects (below 25 MW) throughout sub-Saharan Africa.
A wide range of renewable energy technologies are eligible for support, including wind, solar photovoltaic (PV), geothermal, waste to energy (landfill gas and thermal waste to energy), run-of-river hydropower, biomass and biogas.
The REPP has initial funding of £48 million from the United Kingdom’s Department of Energy and Climate Change through the International Climate Fund.
REPP supports both grid-connected and off-grid projects. REPP also considers projects being developed by private sector IPPs, as long as REPP eligibility criteria are still met.
REPP was developed by the United Nations Environment Programme (UNEP) and the European Investment Bank (EIB) to deliver the UN SE4All objectives in sub-Saharan Africa by supporting renewable energy projects in countries throughout the region.
The Renewable Energy Performance Platform (REPP) seeks to mobilise private sector development activity and investment in small and medium scale renewable energy projects (up to 25MW) in sub-Saharan Africa.
It was initiated by the EIB and 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.
A consortium comprising Camco Clean Energy and GreenStream has been appointed to manage the REPP.
Products, Services and Support
REPP will support small-to-medium-sized developers throughout the project development life cycle, providing the following products, services and support:
- Technical assistance: REPP will offer a Technical Assistance facility to provide support to selected developers during the development phase in order to reach financial close.
- Access to risk mitigation instruments: REPP will facilitate access to risk mitigation instruments provided by REPP partners. REPP will focus on mitigating risks which cannot be cost-effectively managed by the private sector, in particular political, regulatory and off-taker risk, as well as currency risks.
- Access to long-term lending and assistance with financial structuring: REPP will facilitate access for projects to long-term lending from both public and private sector sources.
- Results-based finance: Some fundamentally sound projects will still not be financially viable, even after providing access to risk mitigation instruments and improving access to long-term debt finance. In these cases, REPP will have the capacity to provide results-based financial support such as top-ups to existing feed-in tariffs.