FP099

Climate Investor One

Climate Investor One

  • Status Under implementation
  • Date approved 20 Oct 2018 at B.21
  • Est. completion 21 Jun 2039
  • ESS Category Intermediation 1

Providing financing to develop renewable energy projects in regions with power deficits to reduce energy costs and CO2 emissions.

The 11 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 - 849 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

Completed

21 Jun 2039 - 6,457 days to go

Three regions

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

Eighteen 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 financing32% disbursed

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

Cofinancing

CofinancerInstrumentAmount
Co-FinancingGrantUSD 26,500,000
Co-FinancingGrantUSD 75,000,000
Co-FinancingEquityUSD 310,000,000
Co-FinancingEquityUSD 310,000,000
Total Co-Financing
USD 721,500,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
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 6485 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden
Mr. David Kuijper
Manager Public Investment Management
Phone +31 70 314 9715
d.kuijper@fmo.nl
Mr. Jim Brands
Senior Associate P4i
Phone +31 70 314 94 77
j.brands@fmo.nl
More contacts

National Designated Authority

Malawi
Environmental Affairs Department
Mrs. Tawonga Mbale-Luka
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 Davie Njewa
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
njewae@yahoo.com
Nigeria
Federal Ministry of Environment
Mrs. Halima Bawa-Bwari
Deputy Director and Overseeing Head, Department of Climate Change
Plot 444, Aguiyi Ironsi Way, FCT, Abuja, Nigeria
Phone +234 803 311 9734
halimabawab@yahoo.com
Uganda
Ministry of Finance, Planning and Economic Development
Mr. Keith Muhakanizi
Permanent Secretary / Secretary to the Treasury
Phone +256 414 707 135
keith.muhakanizi@finance.go.ug
Mr. Andrew Masaba
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation
Madagascar
Ministry of Environment, Ecology, Sea and Forests
Ms. Lovakanto Ravelomanana
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar
Djibouti
Ministry of Housing, Urban Development and Environment
Mr. Dini Abdallah Omar
Secretary General
P.O.Box:11, Djibouti, Djibouti
Phone +253 2135 2436
dini.omar85@gmail.com
His Excellency Mohamed Abdoulkader Moussa
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
Morocco
Ministry of Energy, Mining and Sustainable Development, Secretariat of State for Sustainable Development
Mr. Bouzekri Razi
Director of Climate Change, Biodiversity, and Green Economy
Kenya
The National Treasury
Mr. Julius Muia
Principal Secretary
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya
Phone +254 20 224 0051
ps@treasury.go.ke
Mr. Peter Odhengo
Senior Policy Advisor, Climate Finance
Phone +254 722 984992
odhengo@gmail.com
Mr. Hillary Korir
Economist
Mongolia
Ministry of Environment and Tourism
Mr. Batjargal Zamba
National Focal Point for the GCF
Suite 203, Margad Center 8th Khoroo, Student Street, Ulaanbaatar, Mongolia
Ms. Amartuya Batbold
Carbon and Climate Finance Specialist
15160 Government building 2, United Nation's street 5/2, Chingeltei district, Ulaanbaatar, Mongolia
Cameroon
Ministry of Environment, Protection of Nature and Sustainable Development (MINEPDED)
Mr. Paul Tchawa
Secretary General
Boulevard du 20 Mai, Immeuble Ministériel No. 2, P.O Box 320, Yaoundé, Cameroon
Phone +237 696 939 011
ptchawa@yahoo.fr
Burundi
Ministry of Environment, Agriculture, and Livestock
Mr. Jean Claude Mbarushimana
Director General of Agriculture
BP 1850, Bujumbura, Burundi
Phone +257 71 307 924
Phone +257 68123 426
jeanclaudembu@gmail.com
Indonesia
Fiscal Policy Agency, Ministry of Finance
Mr. Febrio Kacaribu
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
Mrs. Dian Lestari
Acting Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
Center for Climate Finance and Multilateral Policy, Fiscal Policy Agency, Ministry of Finance, R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No.1,, Jakarta, Indonesia
Phone +62 21 3483 1678
ndagcf-indonesia@kemenkeu.go.id
Ecuador
Ministry of Environment and Water
Ms. Karina Maribel Barrera Moncayo
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Ethiopia
Environment, Forest and Climate Change Commission
Mrs. Tirhas Mebrahtu
P.O.BOX 12760, Addis Ababa, Ethiopia
Mr. Habtamu Denboba
Mauritius
Ministry of Finance and Economic Development
Mr. Mahess Rawoteea
Director of Development Cooperation Directorate
Ministry of Finance, Economic Planning and Development, Ground Floor, Government House, Port Louis, Mauritius
Phone 230 201 3900
mrawoteea@govmu.org
Mrs. Usha Beegun-Ramduny
Lead Analyst, Resource Mobilisation Cluster
Phone 230 260 1348
ubeegun-ramduny@govmu.org
Philippines
Department of Finance
Secretary Carlos G. Dominguez
Secretary
Department of Finance Building, Roxas Boulevard cor. P. Ocampo Street, Manila, Philippines (the)
Mr. Mark Dennis Y.C. Joven
Undersecretary
Department of Finance Building, Roxas Boulevard cor. P. Ocampo Street, Manila, Philippines (the)
Phone +63 2 8523-4955
mdjoven@dof.gov.ph
Senegal
Ministry of Environment and Sustainable Development
Ms. Madeleine Diouf Sarr
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
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
Zambia
Ministry of National Development Planning
Mr. Francis Mpampi
National Coordinator - National Designated Authority
P.O. Box 50555, Corner of John Mbita and National, Lusaka, Zambia
Phone +260 21 1 252625
francis.mpampi@ndazambia.gov.zm

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.