Announcement originally published on Energy Peace Partners on 30 March, 2026
AfDB SEFA and NDF approve funding for P-REC Aggregation Facility
EPP is proud to share that the African Development Bank Group Fonds pour l’énergie durable en Afrique (SEFA) and the Nordic Development Fund (NDF) have each committed $5.65M to launch the $11.3M Peace Renewable Energy Certificate Aggregation Facility (PAF). PAF is a pilot financing facility that leverages the P-REC financing instrument developed by EPP to provide catalytic, early stage capital to distributed renewable energy project developers operating in countries affected by fragility and conflict. It is in these settings where renewable energy investment is limited and access to affordable finance remains a challenge, even though projects in these settings have outsize social, economic, and environmental impacts that can address issues related to conflict and insecurity. EPP has partnered with climate and impact fund manager Camco to manage the facility with capital deployment set to begin shortly.
PAF will support approximately 71MW of new distributed renewable energy capacity in up to 14 sub-Saharan African countries, unlocking $137 million in additional climatefinance for new projects and connecting more than 850,000 people to first-time electricity.
PAF aligns with existing initiatives on the African continent including Mission300, the African Development Bank Group and The World Bank Group’s initiative for PoweringAfrica and extending energyaccess to 300 million Africans to electricity by 2030.
We are grateful to our partners AfDB SEFA, NDF and Camco as well as the many organizations who have supported EPP throughout PAF development and capital raise, including The International Tracking Standard Foundation, The Global Innovation Lab for Climate Finance, Consulting for Sustainable Solutions, ICFA – International Climate Finance Accelerator, Catalytic Climate Finance Facility (CC Facility) and to our many other collaborators and supporters.
° Read the full African Development Bank press release below: Multinational: African Development Bank’s Sustainable Energy Fund for Africa Approves $5.65 million to Pioneer New Climate Finance Instrument for Off-Grid Renewable Energy projects in Africa’s Fragile States
° Click on the link below to learn more about the P-REC Aggregation Facility:
https://www.camco.fm/paf
