Financial support in response to Covid-19
The Covid-19 pandemic is posing significant challenges to African nations, their citizens and the on- and off-grid renewable energy sector. And we are warned that the situation is expected to worsen before it gets better.
The REPP team is committed to supporting the sector through these difficult times and is closely monitoring the direct and indirect effects of the virus on our current investees. We are continuing to operate with a full team and will expedite applications for financing support to on- and off-grid renewable energy businesses affected by the Covid-19 crisis. The types of financing support we can offer include, among others, emergency working capital facilities, equity and debt restructuring.
Urgent requests for financial assistance can be made by emailing REPP’s manager, Camco Clean Energy, at firstname.lastname@example.org. Please mark the subject line as “Covid-19 request for support”.
REPP is also actively working with other investors in this sector to coordinate responses; discourage financiers from pushing temporarily distressed companies into administration; and encourage investors to continue to invest throughout and following the crisis.
As a matter of course, we strongly encourage all sector participants to protect the health and welfare of their employees, customers and communities by:
- Practising good personal hygiene, including regular and thorough handwashing with soap and warm water and sneezing/coughing into a tissue and immediately disposing of the tissue
- Working from home wherever possible
- Strictly implementing social distancing (no less than 2 metres between people)
- Minimising travel
- Isolating anyone with potential symptoms, which include fever and coughing, for 7-14 days.
More information on Covid-19 is available on the World Health Organisation’s website.