 has proposed to invest $40 million in Camco Renewable Energy Performance Platform 2 .){kind=link}
The International Finance Corporation (IFC) has proposed to invest $40 million in Camco Renewable Energy Performance Platform 2 (REPP 2), a private debt fund focused on financing renewable energy projects across sub-Saharan Africa.
The proposed investment will be made through REPP 2’s senior debt tranche and is subject to approval. The IFC’s Board is scheduled to review the transaction on November 6, 2026.
REPP 2 is managed by Camco, a UK-based climate and impact investment manager, and is targeting a range of small and medium-sized renewable energy projects across East, West and Southern Africa.
The fund will provide financing of between $2 million and $15 million for projects at late-stage development or construction, as well as selected corporate financing.
What REPP 2 will finance
The fund will focus on decentralised renewable energy projects, including off-grid solar, mini- and metro-grids, isolated grids, commercial and industrial energy systems, and small independent power producers (IPPs).
REPP 2 has a target fund size of $250 million and uses a blended-finance structure comprising junior equity, senior equity and senior debt.
The IFC’s proposed $40 million commitment would provide financing through the senior debt portion of the structure.
Focus on Africa’s energy gap
The investment comes as demand for reliable and affordable electricity continues to grow across Africa, while many communities and businesses remain underserved by traditional power grids.
Decentralised energy systems such as solar mini-grids and off-grid installations can provide an alternative to conventional grid infrastructure, particularly in areas where extending national electricity networks is expensive or difficult.
For businesses, renewable energy can also provide a more predictable source of power while reducing exposure to fuel and electricity costs.
Projects across three African regions
REPP 2 plans to invest across East, West and Southern Africa, with no single region expected to account for more than 60 percent of the portfolio.
The fund’s investments will be limited to countries that meet the eligibility requirements set out in its legal documentation.
The proposed IFC investment also aligns with the broader Mission 300 initiative, led by the World Bank Group and African Development Bank, which aims to connect 300 million people in Africa to electricity by 2030.
The proposed investment adds to the growing involvement of development finance institutions in Africa’s renewable energy sector.
REPP 2 has attracted backing from institutions including the Green Climate Fund, Norfund, FMO, BIO and OeEB, helping to bring additional capital into the continent’s decentralised energy market.
For Camco, the financing could provide additional capacity to support smaller renewable energy projects that often struggle to secure long-term funding.
For Africa’s energy sector, it highlights the growing role of institutional and private capital in financing the clean-energy infrastructure needed to expand electricity access.
If approved, the IFC’s $40 million investment would give REPP 2 additional firepower to finance renewable energy projects across Africa, particularly in the decentralised energy market