Interact Climate Change Facility
BIO has granted a € 10 M loan to the Interact Climate Change Facility (ICCF), an EDFI co-financing facility dedicated to climate-friendly investments.
Amount
€ 10,000,000.00
Type of investment
Debt
Development impacts
- Local economic growth
- Access to basic services & goods
- Fight against climate change
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
Infrastructure Fund
Organisation
Interact Climate Change Facility
Domicile
ICCF is a co-financing facility committed to providing loans/guarantees in € or $ to the private sector for climate-friendly investments in countries on the DAC list. Climate-friendly investments are defined as renewable energy and energy efficiency investments or , products, transport projects or sustainable sequestration of carbon greenhouse gases.
ICCF is committed to estimating the carbon footprint of all projects in which it invests. This estimate will give information about the quantity of greenhouse gases reduced, avoided or sequestered by the projects. This will, where applicable, take into account significant aspects of the life cycle of financed products or equipment.
ICCF is an EDFI initiative, in which the following members are taking part: Proparco, SIFEM, DEG, FMO, Cofides, FinnFund, Norfund, OeEB & BIO.
In addition to these, EIB and AFD are also participating.
This loan was accompanied by an equity investment.
Development impacts
-
Local economic growth
Access to long-term financing for infrastructure: Most projects are large renewable energy infrastructure projects;
-
Access to basic services & goods
Strong focus on renewable energy
-
Fight against climate change
Mobilizing long-term financing for climate-friendly projects, amongst which generation of energy from Renewable Sources (eg. wind farm, hydro project) and Production of equipment for renewable energy and energy efficiency projects.
Preservation of natural resources: One of the investment areas can be sustainable sequestration of carbon or greenhouse gases. (eg reforestation)
Made possible through this investment
Azito
Côte d'Ivoire
Energy - Thermal Power
Eolos I
Energy - Wind
Mongolia Wind
Mongolia
Energy - Wind
Reliance Power I
India
Energy - Solar
TICO
Ghana
Energy - Thermal Power
VESA
Honduras
Energy - Wind
View more of our investments in this region
Financial Institutions
BRAC International Finance
12,815,000.00
Liberia, Sierra Leone, Tanzania, Uganda
08/11/2024
Debt