REPP works to mobilise private sector development activity – and investment – in small to medium-sized projects (typically up to 25MW), and is supported with £48m ($67m) initial funding from the UK’s Department for Business, Energy and Industrial Strategy (BEIS) and the International Climate Finance initiative.
The original concept for the programme was developed by UN Environment and the European Investment Bank in response to the UN’s Sustainable Energy for All initiative.
REPP's products and support
Development phase capital and support
- REPP provides loans for selected third party development expenses, such as feasibility studies, grid studies, environmental and social impact assessments, legal advice etc. The programme also offers developers general project guidance and support.
Access to risk mitigation instruments
- Instruments are provided by REPP’s partners with the programme’s assistance and coordination, and focus on risks that cannot be cost-effectively managed by the private sector, especially political, regulatory and offtaker risks. REPP also works to reduce risk in the long-term by collaborating with governments on regulatory improvement and demonstrating how regulatory stability can attract more investment leading to greater social benefit.
Gap financing
- REPP helps to bring projects to financial close using a range of financing structures, including bridge financing, construction loans, equity and equity conversion options, results-based financing, results-based loans for mini-grid rollout, subordinated debt, trade finance for SHS, and working capital loans.
Access to long-term lending
- The REPP team uses its wealth of experience and contacts in renewable energy finance across Africa to help projects to structure their funding in the right way, and to secure finance from REPP partners and other financial institutions, both private and public. REPP also encourages debt and risk mitigation instrument providers to coordinate their approval and due diligence requirements to simplify the process for developers.
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