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 - 1,714 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

Completed

21 Jun 2037 - 4,862 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
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Request for information

GCF Information Disclosure
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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

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.