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Camco Clean Energy

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uuid000z6jq

Namestring
Camco Clean Energy
Legal namestring
Camco Management Limited
Company typeenum
Private
Founded yearint
1990
Descriptiontext

Camco Clean Energy (legal entity: Camco Management Limited) is a UK-based specialist climate and impact fund manager authorised and regulated by the UK Financial Conduct Authority. Founded in 1989–1990, the company deploys development capital into renewable energy and energy access projects across emerging markets, with a current operational focus on Sub-Saharan Africa. Over 30 years Camco has mobilised $3.6bn in funding across 200+ transactions, facilitated new or improved electricity connections for 14.9 million people, created 17,710 jobs, and abated 79 million tonnes of CO2 equivalent.

The firm's core product is the Peace Renewable Energy Certificate (P-REC) Aggregation Facility, launched in March 2026 in partnership with Energy Peace Partners and co-financed by the African Development Bank ($5.65M via SEFA) and the Nordic Development Fund ($5.65M), totalling $11.3M. The facility converts renewable energy certificates from mini-grid projects in 14 fragile African countries into upfront capital for developers, with long-term certificate rights sold to multinational corporate buyers. Camco also manages Sustainable Energy Fund for Africa (SEFA) reimbursable grant programs on behalf of the AfDB and operates an impact investment management franchise spanning decentralised renewable energy, clean cooking, and productive use of energy across frontier markets.

Camco's business model rests on three revenue streams: fund management fees (for SEFA, P-REC, and other facilities), transaction/spread fees on certificate trading, and impact investment management mandates. The go-to-market is sales-led, relying on direct institutional relationships with development finance institutions, governments, and mini-grid developers, complemented by direct sales of P-RECs to multinational corporate sustainability buyers. Headcount is reported in the 501–1,000 range; revenue is not disclosed. Marketing channels are predominantly organic social (LinkedIn, Twitter), thought leadership content, and annual reports.

Short descriptiontext

Camco Clean Energy is a UK FCA-regulated climate and impact fund manager that mobilises development capital into renewable energy and mini-grid projects across emerging markets, with a current focus on 14 fragile African countries via its P-REC Aggregation Facility.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersKersey, United Kingdom
HQ citystring
Kersey
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
climate fund management, impact investing, renewable energy finance, mini-grid development, carbon credit trading
Industry2 codes
1Carbon Finance & Investment Advisory (Project Finance, Funds, SPVs)
CodeEUABADADPrimaryYes
2Climate Finance Strategy (CapEx planning, green finance, incentives & grants)
CodeEUABAKAGPrimaryNo
NAICS code1 code
  • Electric Power Generation22111
SIC code1 code
  • Electric, Gas & Sanitary Services4900
Product category
Climate and Impact Fund Management
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Fund Management Fees
TypeManaged Services
Description

Camco Clean Energy manages the P-REC Aggregation Facility, providing fund management services in partnership with Energy Peace Partners. The facility channels hard currency into emerging markets by selling P-RECs to multinational corporations, with Camco earning management fees as the fund manager.

solarquarter.com
2Certificate Trading Spread
TypeTransaction Fee
bizwatchnigeria.ng
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Camco Clean Energy is a specialist climate and impact fund manager operating in emerging markets. The company manages climate finance instruments such as the Peace Renewable Energy Certificate (P-REC) Aggregation Facility, providing upfront capital to mini-grid developers in fragile African countries in exchange for future renewable energy certificate rights. Camco also manages Sustainable Energy Fund for Africa (SEFA) programs and broader impact investment portfolios, having mobilised $3.6bn in funding across 200+ transactions over more than 30 years.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 856,000 people expected to gain first-time electricity access through the P-REC Aggregation Facility
+3 more records
Product overview1 text field

Camco Clean Energy is a specialist climate and impact fund manager operating in emerging markets. The company offers a portfolio of fund management products centered on the P-REC Aggregation Facility, which provides climate finance instruments for mini-grid developers, alongside SEFA management services for the African Development Bank. REPP publications support knowledge sharing across the sector. The overall offering forms an integrated approach to catalyzing decentralised renewable energy investment in fragile African countries.

Product and service3 records
1Peace Renewable Energy Certificate (P-REC) Aggregation Facility
CategoryClimate Finance Instrument / Fund Management
Description

A pioneering climate finance facility that channels hard currency into fragile African markets by providing mini-grid developers with upfront capital in exchange for future Peace Renewable Energy Certificate rights. Co-managed by Camco Clean Energy and Energy Peace Partners, the facility operates across 14 fragile African countries including Burundi, DRC, Nigeria, and Uganda.

2Sustainable Energy Fund for Africa (SEFA) Management
CategoryFund Management
Description

Fund management services for the Sustainable Energy Fund for Africa, deploying concessional capital from the African Development Bank to finance renewable energy projects across African frontier markets.

3Impact Investment Management
CategoryFund Management
Description

Broader fund management services focused on climate and impact outcomes in emerging markets, overseeing 200+ transactions that have mobilized $3.6bn in funding and delivered 79m tonnes CO2 equivalent abatement, 14.9m people with electricity connections, and 17,710 jobs created since 2016.

Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-03-25
Description

Joint management partnership with Camco Clean Energy for the P-REC Aggregation Facility. Energy Peace Partners collaborates on deploying renewable energy certificates as a direct funding instrument for mini-grid projects across 14 African fragile countries, enabling developers to receive upfront capital in exchange for future certificate rights.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

SunFunder is a solar finance specialist providing debt capital to distributed energy companies across sub-Saharan Africa. It directly competes with Camco's mini-grid developer financing activity and operates within the same DFI-anchored capital stack.

TypeBroad incumbent
Description

South Pole is a large global climate solutions provider spanning carbon advisory, project development, and finance. It overlaps with Camco on certificate origination, climate finance advisory, and corporate sustainability services, but operates at significantly broader scale across voluntary carbon and renewable markets.

TypeDirect peer
Description

CrossBoundary provides transaction and asset finance advisory and capital to distributed renewable energy projects across Africa. It is comparable to Camco in deploying blended climate finance into African mini-grids and behind-the-meter solar and operates in overlapping geographies.

TypeEmerging player
Description

Triodos IM manages sustainable and impact investment funds across renewables and emerging markets. Comparable in fund-management mandate and impact orientation, though its African energy exposure is narrower than Camco's focused mini-grid pipeline.

TypeDirect peer
Description

Persistent is an Africa-focused climate venture and growth financier backing renewable energy and clean cooking companies. Comparable to Camco's SEFA-style grant/equity deployment into early-stage African energy ventures and shares the same development-impact orientation.

TypeDirect peer
Description

responsAbility is a Zurich-based impact asset manager investing across renewables, financial inclusion, and climate finance in emerging markets. Comparable to Camco in mission (impact fund management) and geography (Africa, Asia, LatAm), with overlapping LP base among development finance institutions.

TypeEmerging player
Description

Acumen is a non-profit impact investor deploying patient capital into early-stage companies serving low-income customers, with significant African energy exposure. Comparable to Camco in mission and African footprint, but operates primarily as a philanthropic-backed investor rather than a fee-bearing DFI fund manager.

TypeBroad incumbent
Description

EcoAct (now part of Schneider Electric / CDP group) is an international climate consultancy and project developer. Comparable to Camco in carbon and climate strategy advisory but operates as a much broader incumbent across corporates in OECD markets rather than as a dedicated African fund manager.

TypeBroad incumbent
Description

FMO is a major European DFI financing private sector growth in emerging markets, including significant renewable energy exposure. Comparable to Camco as a capital provider and co-investor in African energy, though operating at much larger balance-sheet scale and as a direct DFI rather than a third-party fund manager.

TypeDirect peer
Description

CFM is a specialist climate-infrastructure fund manager focused on emerging markets, deploying blended finance from DFIs into renewable and adaptation projects. It is the closest direct comparable to Camco in terms of climate fund management mandate, DFI LP base, and emerging-market focus.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Camco Clean Energy

Climate and Impact Fund Managementcamcocleanenergy.com

Camco Clean Energy is a UK FCA-regulated climate and impact fund manager that mobilises development capital into renewable energy and mini-grid projects across emerging markets, with a current focus on 14 fragile African countries via its P-REC Aggregation Facility.

What Camco Clean Energy does

Camco Clean Energy (legal entity: Camco Management Limited) is a UK-based specialist climate and impact fund manager authorised and regulated by the UK Financial Conduct Authority. Founded in 1989–1990, the company deploys development capital into renewable energy and energy access projects across emerging markets, with a current operational focus on Sub-Saharan Africa. Over 30 years Camco has mobilised $3.6bn in funding across 200+ transactions, facilitated new or improved electricity connections for 14.9 million people, created 17,710 jobs, and abated 79 million tonnes of CO2 equivalent.

The firm's core product is the Peace Renewable Energy Certificate (P-REC) Aggregation Facility, launched in March 2026 in partnership with Energy Peace Partners and co-financed by the African Development Bank ($5.65M via SEFA) and the Nordic Development Fund ($5.65M), totalling $11.3M. The facility converts renewable energy certificates from mini-grid projects in 14 fragile African countries into upfront capital for developers, with long-term certificate rights sold to multinational corporate buyers. Camco also manages Sustainable Energy Fund for Africa (SEFA) reimbursable grant programs on behalf of the AfDB and operates an impact investment management franchise spanning decentralised renewable energy, clean cooking, and productive use of energy across frontier markets.

Camco's business model rests on three revenue streams: fund management fees (for SEFA, P-REC, and other facilities), transaction/spread fees on certificate trading, and impact investment management mandates. The go-to-market is sales-led, relying on direct institutional relationships with development finance institutions, governments, and mini-grid developers, complemented by direct sales of P-RECs to multinational corporate sustainability buyers. Headcount is reported in the 501–1,000 range; revenue is not disclosed. Marketing channels are predominantly organic social (LinkedIn, Twitter), thought leadership content, and annual reports.

Camco Clean Energy firmographics

Firmographics
Name
Camco Clean Energy
Legal name
Camco Management Limited
Website
https://camcocleanenergy.com
Company type
Private
Founded year
1990
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Camco Clean Energy is a UK FCA-regulated climate and impact fund manager that mobilises development capital into renewable energy and mini-grid projects across emerging markets, with a current focus on 14 fragile African countries via its P-REC Aggregation Facility.
Ownership category
akta.pro rank

Camco Clean Energy industry classification

Industry
Product category
Climate and Impact Fund Management
NAICS
Electric Power Generation (22111)
SIC
Electric, Gas & Sanitary Services (4900)
akta.pro primary industry
Carbon Finance & Investment Advisory (Project Finance, Funds, SPVs) (EUABADAD)
akta.pro secondary industry
Climate Finance Strategy (CapEx planning, green finance, incentives & grants) (EUABAKAG)

Keywords

  • Climate fund management
  • Impact investing
  • Renewable energy finance
  • Mini-grid development
  • Carbon credit trading

Where Camco Clean Energy is headquartered

Location

Headquarters

HQ city
Kersey
HQ country
United Kingdom
HQ region
Europe

Offices1 record

Markets served

Camco Clean Energy business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Fund Management Fees: Camco Clean Energy manages the P-REC Aggregation Facility, providing fund management services in partnership with Energy Peace Partners. The facility channels hard currency into emerging markets by selling P-RECs to multinational corporations, with Camco earning management fees as the fund manager.
  2. Certificate Trading Spread:

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Camco Clean Energy product offering

Product offering

Core offering

Camco Clean Energy is a specialist climate and impact fund manager operating in emerging markets. The company manages climate finance instruments such as the Peace Renewable Energy Certificate (P-REC) Aggregation Facility, providing upfront capital to mini-grid developers in fragile African countries in exchange for future renewable energy certificate rights. Camco also manages Sustainable Energy Fund for Africa (SEFA) programs and broader impact investment portfolios, having mobilised $3.6bn in funding across 200+ transactions over more than 30 years.

Product overview

Camco Clean Energy is a specialist climate and impact fund manager operating in emerging markets. The company offers a portfolio of fund management products centered on the P-REC Aggregation Facility, which provides climate finance instruments for mini-grid developers, alongside SEFA management services for the African Development Bank. REPP publications support knowledge sharing across the sector. The overall offering forms an integrated approach to catalyzing decentralised renewable energy investment in fragile African countries.

Differentiator

Problem solved

Functional benefit

Products and services

  • Peace Renewable Energy Certificate (P-REC) Aggregation Facility A pioneering climate finance facility that channels hard currency into fragile African markets by providing mini-grid developers with upfront capital in exchange for future Peace Renewable Energy Certificate rights. Co-managed by Camco Clean Energy and Energy Peace Partners, the facility operates across 14 fragile African countries including Burundi, DRC, Nigeria, and Uganda.
  • Sustainable Energy Fund for Africa (SEFA) Management Fund management services for the Sustainable Energy Fund for Africa, deploying concessional capital from the African Development Bank to finance renewable energy projects across African frontier markets.
  • Impact Investment Management Broader fund management services focused on climate and impact outcomes in emerging markets, overseeing 200+ transactions that have mobilized $3.6bn in funding and delivered 79m tonnes CO2 equivalent abatement, 14.9m people with electricity connections, and 17,710 jobs created since 2016.

Quantifiable outcome

  • 856,000 people expected to gain first-time electricity access through the P-REC Aggregation Facility
  • +3 more outcomes

Companies that use Camco Clean Energy

Customer profile

Segments3 records

Ideal customer profiles2 records

Camco Clean Energy technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Camco Clean Energy partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Energy Peace PartnerscoreStrategic or Co-development Partner · 25 March 2026Joint management partnership with Camco Clean Energy for the P-REC Aggregation Facility. Energy Peace Partners collaborates on deploying renewable energy certificates as a direct funding instrument for mini-grid projects across 14 African fragile countries, enabling developers to receive upfront capital in exchange for future certificate rights.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Camco Clean Energy competitors and assessment

Company assessment

Direct peers

  • SunFunder: SunFunder is a solar finance specialist providing debt capital to distributed energy companies across sub-Saharan Africa. It directly competes with Camco's mini-grid developer financing activity and operates within the same DFI-anchored capital stack.
  • CrossBoundary: CrossBoundary provides transaction and asset finance advisory and capital to distributed renewable energy projects across Africa. It is comparable to Camco in deploying blended climate finance into African mini-grids and behind-the-meter solar and operates in overlapping geographies.
  • Persistent Energy Capital: Persistent is an Africa-focused climate venture and growth financier backing renewable energy and clean cooking companies. Comparable to Camco's SEFA-style grant/equity deployment into early-stage African energy ventures and shares the same development-impact orientation.
  • responsAbility Investments: responsAbility is a Zurich-based impact asset manager investing across renewables, financial inclusion, and climate finance in emerging markets. Comparable to Camco in mission (impact fund management) and geography (Africa, Asia, LatAm), with overlapping LP base among development finance institutions.
  • Climate Fund Managers (CFM): CFM is a specialist climate-infrastructure fund manager focused on emerging markets, deploying blended finance from DFIs into renewable and adaptation projects. It is the closest direct comparable to Camco in terms of climate fund management mandate, DFI LP base, and emerging-market focus.

Broad incumbents

  • South Pole Group: South Pole is a large global climate solutions provider spanning carbon advisory, project development, and finance. It overlaps with Camco on certificate origination, climate finance advisory, and corporate sustainability services, but operates at significantly broader scale across voluntary carbon and renewable markets.
  • EcoAct: EcoAct (now part of Schneider Electric / CDP group) is an international climate consultancy and project developer. Comparable to Camco in carbon and climate strategy advisory but operates as a much broader incumbent across corporates in OECD markets rather than as a dedicated African fund manager.
  • FMO (Dutch Entrepreneurial Development Bank): FMO is a major European DFI financing private sector growth in emerging markets, including significant renewable energy exposure. Comparable to Camco as a capital provider and co-investor in African energy, though operating at much larger balance-sheet scale and as a direct DFI rather than a third-party fund manager.

Emerging players

  • Triodos Investment Management: Triodos IM manages sustainable and impact investment funds across renewables and emerging markets. Comparable in fund-management mandate and impact orientation, though its African energy exposure is narrower than Camco's focused mini-grid pipeline.
  • Acumen: Acumen is a non-profit impact investor deploying patient capital into early-stage companies serving low-income customers, with significant African energy exposure. Comparable to Camco in mission and African footprint, but operates primarily as a philanthropic-backed investor rather than a fee-bearing DFI fund manager.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Camco Clean Energy social profiles

Digital presence

Camco Clean Energy compliance and trust

Trust signal

Compliance1 record

Camco Clean Energy financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Camco Clean Energy leadership team

Management profile

Number of profiles

Profiles3 records

Camco Clean Energy funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Camco Clean Energy M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Camco Clean Energy

What does Camco Clean Energy do?

Camco Clean Energy is a specialist climate and impact fund manager operating in emerging markets. The company manages climate finance instruments such as the Peace Renewable Energy Certificate (P-REC) Aggregation Facility, providing upfront capital to mini-grid developers in fragile African countries in exchange for future renewable energy certificate rights. Camco also manages Sustainable Energy Fund for Africa (SEFA) programs and broader impact investment portfolios, having mobilised $3.6bn in funding across 200+ transactions over more than 30 years.

Is Camco Clean Energy a public or private company?

Camco Clean Energy is a private company. It is classified as unknown and is currently operating.

When was Camco Clean Energy founded?

Camco Clean Energy was founded in 1990. It employs 501 to 1,000 people.

Where is Camco Clean Energy based?

Camco Clean Energy is headquartered in Kersey, United Kingdom, in the Europe region.

How does Camco Clean Energy make money?

Two revenue lines are on record. Fund Management Fees are the primary driver. The others are certificate Trading Spread.

Who are Camco Clean Energy's main competitors?

Direct peers on record are SunFunder, CrossBoundary, Persistent Energy Capital, responsAbility Investments and Climate Fund Managers (CFM). Broad incumbents are South Pole Group, EcoAct and FMO (Dutch Entrepreneurial Development Bank). Emerging players are Triodos Investment Management and Acumen.

Does Camco Clean Energy have an API?

No public API is recorded for Camco Clean Energy.

What industry is Camco Clean Energy in?

Camco Clean Energy's product category is Climate and Impact Fund Management. Its primary akta.pro industry code is EUABADAD, Carbon Finance & Investment Advisory (Project Finance, Funds, SPVs), with a secondary code of EUABAKAG, Climate Finance Strategy (CapEx planning, green finance, incentives & grants). Its NAICS code is 22111 and its SIC code is 4900.

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Live signals
Africa Private Equity NewsIFC discloses proposed investment in Camco renewable energy fundThe International Finance Corporation disclosed a proposed investment of up to $40 million in Camco Renewable Energy Performance Platform 2, a private debt fund for renewable energy projects in sub-Saharan Africa. The fund targets off-grid solar, mini-grids, and isolated grids, with IFC's financing through the senior debt tranche. Projects are expected across East, West, and Southern Africa, with no more than 60% in any one region.SolarQuarterAfDB Backs $11.3M P-REC Facility to Boost Renewable Mini-Grids in Fragile AfricaThe African Development Bank Group approved a $5.65 million reimbursable grant from the Sustainable Energy Fund for Africa to pilot the Peace Renewable Energy Certificate (P-REC) Aggregation Facility, co-financed equally by the Nordic Development Fund for a total of $11.3 million and managed by Camco Clean Energy in partnership with Energy Peace Partners. The facility will deploy renewable energy certificates as a direct funding instrument for mini-grid projects across 14 African countries including Burundi, the Democratic Republic of Congo, Nigeria, and Uganda, enabling developers to receive upfront capital in exchange for future certificate rights in markets where access to commercial financing remains limited. The initiative aims to provide first-time electricity access to approximately 856,000 people through around 240,000 new connections and 71 MW of renewable energy capacity, aligned with the Mission 300 initiative to connect 300 million people in Africa to electricity by 2030.Sustainability OnlineAfDB approves funding for renewable energy projects in 14 African countriesThe African Development Bank Group approved a $5.65 million reimbursable grant from the Sustainable Energy Fund for Africa to finance renewable energy projects across 14 African countries. Co-financed with an equivalent $5.65 million from the Nordic Development Fund, the $11.3 million Peace Renewable Energy Certificate Aggregation Facility will be managed by Camco Clean Energy and Energy Peace Partners, converting renewable energy certificates from mini-grid projects into upfront capital for developers. The project aims to provide approximately 856,000 people with first-time electricity access through 240,000 new connections and 71 MW of renewable capacity, aligning with Mission 300, the joint AfDB-World Bank initiative to connect 300 million Africans to electricity by 2030.BizWatchNigeria.NgAfDB and NDF approve $11.3 million to pilot peace renewable energy certificatesThe African Development Bank and Nordic Development Fund have approved a combined $11.3 million facility to pilot Peace Renewable Energy Certificates as a funding instrument for mini-grids across 14 fragile and conflict-affected African nations, with the facility to be managed by Camco Clean Energy and Energy Peace Partners. The initiative will provide developers with upfront cash payments in exchange for future certificate rights, which will then be sold to multinational corporations to channel hard currency into markets where commercial financing is limited. Approximately 856,000 people are expected to gain first-time electricity access through 240,000 new connections and 71 megawatts of new capacity, with successful results potentially scaling the P-REC model globally.NairametricsAfDB approves $5.65 million P-REC mini-grids for 14 African countriesThe African Development Bank has approved a $5.65 million grant to fund Peace Renewable Energy Certificate (P-REC) mini-grid projects across 14 African countries, with the goal of providing electricity to 856,000 people in fragile and conflict-affected regions. Co-financed with an equal contribution from the Nordic Development Fund, the $11.3 million facility will be managed jointly by Camco Clean Energy and Energy Peace Partners, and will deploy renewable energy certificates as a direct funding instrument for small-scale mini-grid developers. The facility will serve as a pilot to scale corporate-backed renewable energy funding in Africa's fragile regions by channeling hard currency into markets where commercial financing is scarce.