View energy initiative

Back to initiatives

 

Climate Investor One


Period
2015 - 2035

Implementing agencies
FMO

African partners
Private sector

Names of African partners involved

Donor involvement (incl. IOs)
Multi-donor, Bilaterals involved

Names of donors involved (incl. IOs
USAID, Atradius Dutch State Business, De Nederlandse Waterschapsbank N.V. (NWB Bank), Aegon Asset Management and FMO – all from the Netherlands – together with global partners from Norway (KLP), South Africa (Sanlam Investments Holdings) & the UK (Royal Borough of Windsor & Maidenhead Pension Fund)

Geographical scope
Continental

Countries where active

Sectors
Renewables, Energy Efficiency

Sub Sectors (Electricity)
Electricity system, Grid connected generation

Type of intervention

Type of technical assistance
Project preparation / implementation

Gender focus
No

Climate focus
Yes

Type of financing
Grant, Equity, Debt

Main objectives
Climate Investor One will mobilize at least USD 2 billion in new private finance out to 2020, while lowering the cost of clean electricity to consumers in developing countries.

Main activities
Climate Investor One focuses on financing projects in low and lower middle income countries in the wind, solar, and hydro sectors with an average size of 25-75 MW or USD 80-100m in total investment cost. Climate Investor One consists of three stages: A Development Fund funded by non-repayable donor contributions would finance up to 50% of development costs for projects by private sector developers. A Construction Fund would provide up to 75% of investment costs on commercial terms to projects. A Re-financing Fund would have right of first refusal on up to 50% of the long-term refinanced debt of derisked projects after they enter commercial operation.

Comments

Sources
https://www.climatefinancelab.org/project/fmo-climate-development-finance-facility/

Contact information
info@climatefundmanagers.com

Back to initiatives

Copyright © 2017-2019 Danish Energy Management A/S. All Rights Reserved Legal notice © 2020 - Africa-EU Energy Partnership / Sustainable Energy For All - Africa Hub