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 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.
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 - 523 days so far
FAA effective
21 Jun 2019
Disbursement - USD 21,487,762
10 Jul 2019
Disbursement - USD 6,313,903
24 Aug 2020
Completed
21 Jun 2039 - 6,784 days to go
Three regions
- Africa
- Asia-Pacific
- Latin America and the Caribbean
Eighteen countries
- Malawi
- Nigeria
- Uganda
- Madagascar
- Djibouti
- Morocco
- Kenya
- Mongolia
- Cameroon
- Burundi
- Indonesia
- Ecuador
- Ethiopia
- Mauritius
- Philippines
- Senegal
- Tunisia
- Zambia
Three priority groups
- Least Developed Countries
- Small Island Developing States
- African States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing3% disbursed
| Instrument | Amount |
|---|---|
| Grant | USD 100,000,000 |
Cofinancing
| Cofinancer | Instrument | Amount |
|---|---|---|
| Co-Financing | Grant | USD 26,500,000 |
| Co-Financing | Grant | USD 75,000,000 |
| Co-Financing | Equity | USD 310,000,000 |
| Co-Financing | Equity | USD 310,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsPhone +82 10 4458 7751
Send 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 6157
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6155
Send e-mail
Accredited Entity
National Designated Authority
Environmental Affairs Department
Director
Environmental Affairs Department Private Bag 394 Lilongwe 3, Malawi, Lilongwe, Malawi
Environmental Affairs Department Lilongwe 3, Malawi., Lilongwe, Malawi
Federal Ministry of Environment
Plot 444, Aguiyi Ironsi Way, FCT, Abuja, Nigeria
Ministry of Finance, Planning and Economic Development
Permanent Secretary / Secretary to the Treasury
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation
Phone +256 414 707 161
andrew.masaba@finance.go.ug
Juvenal.Muhumuza@finance.go.ug
Isaac.Katabalwa@finance.go.ug
Ministry of Environment, Ecology, Sea and Forests
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, Mining and Sustainable Development, Secretariat of State for Sustainable Development
Director of Climate Change, Biodiversity, and Green Economy
The National Treasury
Principal Secretary
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya
Ministry of Environment and Tourism
National Focal Point for the GCF
Suite 203, Margad Center 8th Khoroo, Student Street, Ulaanbaatar, Mongolia
Carbon and Climate Finance Specialist
Suite 203, Margad Center 8th Khoroo, Student Street, Ulaanbaatar, Mongolia
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 Agriculture
BP 1850, Bujumbura, Burundi
Fiscal Policy Agency, Ministry of Finance
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
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
Ministry of Environment and Water
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Environment, Forest and Climate Change Commission
Ministry of Finance and Economic Development
Director, Development Cooperation and International Affairs Directorate
Government House, Port Louis, Mauritius
Senior Analyst, Resource Mobilisation Cluster, Development Cooperation Directorate
Government House, Port Louis, Mauritius
Climate Change Commission
Commissioner
6th Floor, First Residences Building, J.P. Laurel Street, Malacañang, San Miguel, Manila, Philippines (the)
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 and Sustainable Development
Director of General Directorate of Sustainable Development
Ministere des Affaires Locales et l'Environnement, Cite Administrative, Rue du Developpement, Cite el Khadra, Tunis, Tunisia
Ministry of National Development Planning
National Coordinator - National Designated Authority
P.O. Box 50555, Corner of John Mbita and National, Lusaka, Zambia
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.