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projectFP099

Climate Investor One

53730000
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation
GCF results area
  • Energy generation and access

Location & People

Regions
  • Africa
  • Asia-Pacific
Countries
  • Burundi BDI
  • Cameroon CMR
  • Djibouti DJI
  • Indonesia IDN
  • Kenya KEN
  • Madagascar MDG
  • Malawi MWI
  • Mongolia MNG
  • Morocco MAR
  • Nigeria NGA
  • Uganda UGA

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Grant USD
Co-Financing
  • Development Fund Grant USD
  • CEF Tier 1 Grant USD
  • CEF Tier 2 Equity USD
  • CEF Tier 3 Grant USD

Project owners

Accredited Entity Executing Entity
  • Coöperatief Climate Fund Managers U.A.
  • Stichting Development Fund
  • Coöperatief Construction Equity Fund U.A.
  • Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.
Climate Investor One Approved October 2018 Est. implementation period 20.0 years
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.
Type
Document title
Published date
Sub-project ESS report FP099/1 - FMO - Uganda 22 Feb 2019
Sub-project ESS report FP099/2 - FMO - Djibouti 29 May 2019
ESS report FP099 - FMO - Burundi, Cameroon,Djibouti, Indonesia, Kenya, Madagascar, Malawi, Mongolia, Morocco, Nigeria and Uganda 28 Sep 2018
Approved funding proposal FP099 - FMO - Burundi, Cameroon, Djibouti, Indonesia, Uganda, Kenya, Malawi, Madagascar, Mongolia, Morocco, and Nigeria 28 Nov 2018
Gender assessment FP099 - FMO - Multiple Countries 10 Jan 2019
Gender action plan FP099 - FMO - Multiple Countries 10 Jan 2019
Accredited Entity
  • Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) Mr. David Kuijper Tel: +31 70 314 9715 Mr. Jim Brands Tel: +31 70 314 9477
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