Overview

EPP and Camco have partnered to launch the P-REC Aggregation Facility (PAF) 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.

For up-to-date information on the PAF, please click here.

 
 

Background information

PAF 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 PAF was selected by the Catalytic Climate Finance Facility to receive support for its launch.

More PAF resources can be found below: