Overview

EPP and Camco have partnered to launch the P-REC Aggregation Facility to drive sustainable development in some of the most fragile and underserved countries in Sub-Saharan Africa by mobilising early-stage finance for renewable energy projects. Upon launch, it aims to provide upfront payments to project developers in exchange for the ownership of Peace Renewable Energy Credits (P-RECs) generated by their projects and sold in voluntary clean energy markets globally.

The P-REC Aggregation Facility was one of six innovative instruments selected for the 2021 Global Innovation Lab accelerator program. The Facility was officially endorsed by the Global Innovation Lab in September 2021. In 2022, the Facility was selected by the ICFA Luxembourg to be part of its 2022 cohort. In 2024 the P-REC Aggregation Facility was selected by the Catalytic Climate Finance Facility to receive support for the launch of the P-REC Aggregation Facility.

For up to date information on the P-REC Aggregation Facility, please click here.

Background information

• Catalytic Climate Finance Facility overview of the P-REC Aggregation Facility

• The Lab’s P-REC Aggregation Facility Instrument Analysis

• Watch the Lab’s 2021 Demo Day, including a presentation on the P-REC Aggregation Facility.

• Watch an overview video about the P-REC Aggregation Facility created by the ICFA.

• Watch a presentation about the Facility at the Future Leaders in Energy Finance: Dragons Den event at COP27, hosted by the ICFA.