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 - 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

Three priority groups

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

GCF financing3% disbursed

InstrumentAmount
GrantUSD 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

GCF Contacts

General media inquiries

GCF Communications
Phone +82 10 4458 7751
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 6157
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155
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

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 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
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 Omar
Secretary General
P.O.Box:11, Djibouti, Djibouti
Phone +253 2135 2436
dini.omar85@gmail.com
His Excellency Mohamed 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. Chuluunkhuu Baatar
Carbon and Climate Finance Specialist
Suite 203, Margad Center 8th Khoroo, Student Street, 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 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

Mr. Humberto Re Carrera
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Ethiopia

Environment, Forest and Climate Change Commission

Mrs. Tirhas Mebrahtu
Mr. Habtamu Denboba
Mauritius

Ministry of Finance and Economic Development

Mr. Gerard Bussier
Director, Development Cooperation and International Affairs Directorate
Government House, Port Louis, Mauritius
Phone +230 201 2485
gbussier@govmu.org
Ms. Rachna Ramsurn
Senior Analyst, Resource Mobilisation Cluster, Development Cooperation Directorate
Government House, Port Louis, Mauritius
Phone +230 201 2314
rramsurn@govmu.org
Philippines

Climate Change Commission

Ms. Rachel Anne Herrera
Commissioner
6th Floor, First Residences Building, J.P. Laurel Street, Malacañang, San Miguel, Manila, Philippines (the)
Phone +63 (02) 426-2948
rsherrera.ccc@gmail.com
Senegal

Ministry of Environment and Sustainable Development

Ms. Madeleine 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

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.