FP099

Climate Investor One

Climate Investor One

  • Status Under implementation
  • Date approved 20 Oct 2018 at B.21
  • Est. completion 21 Jun 2037
  • ESS Category Intermediation 1

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.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

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 - 1,801 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 - 4,775 days to go

Three regions

  • Africa
  • Latin America and the Caribbean
  • Asia-Pacific

Nineteen countries

Three priority groups

  • Least Developed Countries
  • Small Island Developing States
  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing100% disbursed

InstrumentAmount
GrantUSD 100,000,000
Total GCF Financing
USD 100,000,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingGrantUSD 26,500,000
Co-FinancingGrantUSD 75,000,000
Co-FinancingEquityUSD 245,000,000
Co-FinancingEquityUSD 310,000,000
Co-FinancingEquityUSD 65,000,000
Total Co-Financing
USD 721,500,000

GCF Contacts

General media inquiries

GCF Communications
Send e-mail

Request for information

GCF Information Disclosure
Request 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

Accredited Entity

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden
Mrs. Susie Shuford
Primary

Portfolio Manager, Public Investment Management
Phone +31 70 314 9166
S.Shuford@fmo.nl
Mr. Willem Lijnders
Secondary

Associate – Public Investment Management and Blending
Phone +31 6 21 43 80 11
w.lijnders@fmo.nl
More contacts

National Designated Authority

Burundi
Ministry of Environment, Agriculture, and Livestock
Mr. Diomède NDAYIRUKIYE Primary
Director General of Land Use Planning, Irrigation and Land Protection
Phone +257 79942336/69733653
bandiom@yahoo.fr
Mr. Jean Mbarushimana Secondary
Phone +257 71 307 924
Phone +257 68123 426
jeanclaudembu@gmail.com
Cameroon
Ministry of Environment, Protection of Nature and Sustainable Development (MINEPDED)
Mr. Paul Tchawa Primary
Secretary General
Boulevard du 20 Mai, Immeuble Ministériel No. 2, P.O Box 320, Yaoundé, Cameroon
Phone +237 696 939 011
ptchawa@yahoo.fr
Djibouti
Ministry of Housing, Urban Development and Environment
Mr. Dini Omar Primary
Secretary General
P.O.Box:11, Djibouti, Djibouti
Phone +253 2135 2436
dini.omar85@gmail.com
His Excellency Mohamed Moussa Secondary
Minister of Urbanism, Environment and Tourism
Zone Industrielle Sud , Commune de bouloa, Djibouti, Djibouti
Phone +253 21 35 00 06
Phone (253) 21 35 83 57
mhuecabinet@gmail.com
Ecuador
Ministry of Environment, Water and Ecological Transition
Mr. Ángel Sandoval Primary
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Ethiopia
Ministry of Planning and Development
Mr Abas Ali Primary
Director, Economic Analysis and Policy
Gulele Sub-city, Woreda 1, Addis Ababa, Ethiopia
Phone +251 91 154 4526
abas.mohammed5@gmail.com
India
Ministry of Environment, Forests and Climate Change
Ms. Rajasree Ray Primary
Economic Advisor
Indira Paryavaran Bhavan, Jor Bagh Road, New Delhi-110003, New Delhi, India
Phone 011-2081-9197
rajasree.r@nic.in
Indonesia
Fiscal Policy Agency, Ministry of Finance
Mr. Febrio Kacaribu Primary
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Phone +62 21 3441 484
ndagcf-indonesia@kemenkeu.go.id
Mr. Boby Hernawan Secondary
Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Phone +62 21 3483 1678
ndagcf-indonesia@kemenkeu.go.id
Kenya
The National Treasury
Dr Chris Kiptoo Primary
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Phone +254 20 224 0051
pstnt@treasury.go.ke
Mr. Malik Aman Secondary
Programme Manager, National Coordination (FLLoCA)
Phone +254 720 771774
malikaman@me.com
Mr. Peter Odhengo Secondary
Senior Policy Advisor, Climate Finance
Phone +254 722 984 992
odhengo@gmail.com
Mr. Hillary Korir Secondary
Senior Economist
Phone +254 722 644736
hillary.korir@treasury.go.ke
Madagascar
Ministry of the Environment and Sustainable Development
Ms. Lovakanto Ravelomanana Primary
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar
Malawi
Environmental Affairs Department
Mrs. Tawonga Mbale-Luka Primary
Director
Environmental Affairs Department Private Bag 394 Lilongwe 3, Malawi, Lilongwe, Malawi
Phone +265 1 771 111
Phone +265 1 773 379
tawongam@yahoo.com
Evans Njewa Secondary
Environmental Affairs Department Lilongwe 3, Malawi., Lilongwe, Malawi
Phone +265 1 771 111
Phone 265 1 770 359
Phone +265 8888 53245
Phone +265 9948 53245
evansnjewa@gmail.com
hannahkasongo@yahoo.com
Mauritius
Ministry of Finance and Economic Development
Mr. Visvanaden Soondram Primary
Deputy Financial Secretary
Government Centre, Port Louis, Mauritius
Phone 230-260-081
vsoondram@govmu.org
Mrs. Usha Beegun-Ramduny Secondary
Lead Analyst, Resource Mobilisation Cluster
Phone 230 260 1348
ubeegun-ramduny@govmu.org
Mongolia
Ministry of Environment and Tourism
Ms. Choikhand Janchivlamdan Primary
15160 Government building 2, United Nation's street 5/2, Chingeltei district, Ulaanbaatar, Mongolia
Morocco
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Mr. Bouzekri Razi Primary
Director of Climate Change, Biodiversity, and Green Economy
Nigeria
National Council on Climate Change
Dr. Salisu Dahiru Primary
Director General
Headquarters Mabushi, Abuja, Nigeria
Philippines (the)
Department of Finance
Secretary Ralph Recto Primary
Secretary
Mr. Joven Balbosa Primary
Undersecretary, International Finance Group
Phone +63 2 8523-4955
jbalbosa@dof.gov.ph
Ms. Carlyn Diaz Operational focal point
Senegal
Ministry of Environment and Sustainable Development
Ms. Madeleine Sarr Primary
Head of Climate Change Division
Parc Forestier de Hann, B.P. 4055 Dakar, Senegal, Dakar, Senegal
Tunisia
Ministry of Environment and Sustainable Development
Mr. Chokri Mezghani Primary
Director of General Directorate of Sustainable Development
Ministere des Affaires Locales et l'Environnement, Cite Administrative, Rue du Developpement, Cite el Khadra, Tunis, Tunisia
Phone +216 22 74 93 62
Phone +216 70 24 38 00
chokri.mezghani@mineat.gov.tn
chokri.mezghani@yahoo.fr
Uganda
Ministry of Finance, Planning and Economic Development
Mr. Ramathan Ggoobi Primary
Permanent Secretary / Secretary to the Treasury
Phone +256414707135
ramathan.ggoobi@finance.go.ug
Mr. Andrew Masaba Secondary
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation
Zambia
Ministry of Green Economy and Environment
Mr Akabiwa Nyambe Primary

Documents

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.