FMO backs Camco renewable energy fund

FMO has disclosed an investment of up to $50 million in the Camco Renewable Energy Performance Platform.

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Dutch development finance institution FMO has disclosed an investment of up to $50 million in the Camco Renewable Energy Performance Platform (REPP 2) fund’s debt layer, with up to $30 million allocated for the fund’s first close. The first-close fund size is expected to be approximately $100 million, with a final target of $250 million.

REPP2 is a newly created fund providing debt and hybrid instruments to renewable energy projects and companies in sub-Saharan Africa, focusing on least developed countries. The fund is managed by Camco Management as fund advisor, and supported by Innpact Fund Management as the third-party alternative investment fund manager.

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