FP099
Climate Investor One
Climate Investor One
Providing financing to develop renewable energy projects in regions with power deficits to reduce energy costs and CO2 emissions.
The 18 countries in this initiative are identified as experiencing sizable energy deficits while also being overly reliant on fossil fuels. A major constraint in clean energy investment is a lack of early-stage project financing, combined with insufficient domestic and overseas financing to support the creation of domestic renewable energy markets at scale.
Climate Investor One (CIO) is a blended finance facility. The first component of this programme is a development fund, which provides loans in the early stage of a project life cycle. The second component, a construction equity fund, will meet up to 75 percent of total construction costs in tandem with the project sponsor. Compared with conventional project financing, CIO removes the need for complex multi-party financing structures, with the potential to thereby reduce the time and cost associated with delivering renewable energy projects.
The programme / project has an estimated lifespan of 20 years.
Project timeline
Pipeline
13 Feb 2017 • 615 days
Cleared by GCF Secretariat
13 Feb 2017
Cleared by iTAP
10 Mar 2017
Funding proposal received
26 Apr 2017
Approved
20 Oct 2018 • 245 days
Approved by GCF Board
20 Oct 2018
Legal opinion on AE's Internal Approval
10 Jan 2019
FAA executed
20 Jun 2019
Under implementation
21 Jun 2019 • 2,213 days so far
FAA effective
21 Jun 2019
Disbursement - USD 21,487,762
10 Jul 2019
Disbursement - USD 6,313,903
24 Aug 2020
Disbursement - USD 3,947,572
17 Mar 2021
Disbursement - USD 18,340,231
17 May 2022
Disbursement - USD 49,910,532
15 Sep 2023
To be completed
21 Jun 2037 • 4,364 days to go
Three regions
- Africa
- Asia-Pacific
- Latin America and the Caribbean
Nineteen countries
- Malawi
- Nigeria
- Uganda
- Madagascar
- Djibouti
- Morocco
- Kenya
- Mongolia
- Cameroon
- Burundi
- Indonesia
- Ecuador
- Ethiopia
- Mauritius
- Philippines (the)
- Senegal
- Tunisia
- Zambia
- India
Three priority groups
- Least Developed Countries
- Small Island Developing States
- African States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing100% disbursed
| Instrument | Amount |
|---|---|
| Grant | USD 100,000,000 |
| Total GCF Financing |
|---|
| USD 100,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Grant | USD 26,500,000 |
| Co-Financing | Grant | USD 75,000,000 |
| Co-Financing | Equity | USD 245,000,000 |
| Co-Financing | Equity | USD 310,000,000 |
| Co-Financing | Equity | USD 65,000,000 |
| Total Co-Financing |
|---|
| USD 721,500,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden
Portfolio Manager, Public Investment Management
Senior Associate – Public Investment Management and Blending Finance
More contacts
National Designated Authority
Environmental Affairs Department
Director
Environmental Affairs Department Private Bag 394 Lilongwe 3, Malawi, Lilongwe, Malawi
National Council on Climate Change Secretariat
Special Presidential Envoy on Climate Change and Director General / Chief Executive Officer
14 Vistula Close, Maitama, FCT, Abuja, Nigeria
Ministry of Finance, Planning and Economic Development
Permanent Secretary / Secretary to the Treasury
Ag. Director Debt and Cash Policy
Ag. Commissioner, Development Assistance and Regional Cooperation Department
Head, Climate Finance Unit
Ministry of the Environment and Sustainable Development
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar
Ministry of Housing, Urban Development and Environment
Secretary General
P.O.Box:11, Djibouti, Djibouti
Minister of Urbanism, Environment and Tourism
Zone Industrielle Sud , Commune de bouloa, Djibouti, Djibouti
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Director of Climate and Diversity
The National Treasury
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Programme Manager, National Coordination (FLLoCA)
Senior Policy Advisor, Climate Finance
Ministry of Environment and Climate Change
Special Envoy on Climate Change of Mongolia, Ministry of Environment and Climate Change
Ministry of Environment and Climate Change Artsatiin am 624 Khan - Uul District 23rd khoroo, Ulaanbaatar, Mongolia
Senior Analyst, International Cooperation Department, Ministry of Environment and Climate Change
Ministry of Environment, Protection of Nature and Sustainable Development (MINEPDED)
Secretary General
Boulevard du 20 Mai, Immeuble Ministériel No. 2, P.O Box 320, Yaoundé, Cameroon
Ministry of Environment, Agriculture, and Livestock
Director General of Land Use Planning, Irrigation and Land Protection
Directorate General of Financial Sector Stability and Development, Ministry of Finance.
Director General of Financial Sector Stability and Development
Djuanda 2 Building 19th Floor, Jalan Dr. Wahidin Raya No. 1, Central Jakarta
Ministry of Environment, Water and Ecological Transition
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Ministry of Planning and Development
Director, Economic Analysis and Policy
Gulele Sub-city, Woreda 1, Addis Ababa, Ethiopia
Ministry of Finance and Economic Development
Deputy Financial Secretary
Government Centre, Port Louis, Mauritius
Lead Analyst, Resource Mobilisation Cluster
Department of Finance
Undersecretary, International Finance Group
Ministry of Environment and Sustainable Development
Head of Climate Change Division
Parc Forestier de Hann, B.P. 4055 Dakar, Senegal, Dakar, Senegal
Ministry of Environment
Director General
Immeuble CAPRA, Centre Urbain Nord, Avenue Mohamed Béji Caïd Essebsi, Tunis, Tunisia
Ministry of Green Economy and Environment
National Coordinator
Environmental Specialist Readiness Support
Ministry of Environment, Forests and Climate Change
Economic Advisor
Indira Paryavaran Bhavan, Jor Bagh Road, New Delhi-110003, New Delhi, India
Documents
Pages
News + Stories
GCF and FMO partnership will boost the growth of renewable energy in developing countries
21 Jun 2019 / Today, the Green Climate Fund and Netherlands Development Finance Company (FMO) signed an agreement which marks the launch of the Climate Investor One (CIO) programme, a blended finance facility to support the development of renewable energy projects in 11 countries across Africa, Asia and Latin America.