Interact Climate Change Facility

Debt : February 2011

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 and preservation of natural resources

Beneficiary locations

Asia: India, Mongolia
Latin America and Caribbean: Honduras
Sub-Saharan Africa: Côte d'Ivoire, Ghana

Investment field

Investment Companies & Funds

Activity

Infrastructure Fund

Organisation

Interact Climate Change Facility

Domicile

Luxembourg

More investments in

Interact Climate Change Facility

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 and preservation of natural resources

    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

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

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

EVN Finance Joint Stock Company

Financial Institutions

EVN Finance Joint Stock Company

10,000,000.00

  Vietnam

  09/01/2024

  Debt

TowerCo of Africa

Infrastructure

TowerCo of Africa

12,000,000.00

  Uganda

  09/01/2024

  Debt

SIMA Commercial & Industrial Solar Green Bond

Infrastructure

SIMA Commercial & Industrial Solar Green Bond

10,000,000.00

  Kenya, Nigeria, South Africa

  29/12/2023

  Debt

Aldea Coffee S.A.

Enterprises

Aldea Coffee S.A.

3,000,000.00

  Nicaragua

  12/12/2023

  Debt

Darby International Capital Latin American Fund IV

Investment Companies & Funds

Darby International Capital Latin American Fund IV

10,000,000.00

  Brazil, Colombia, Peru

  01/12/2023

  Equity

ACEP Group

Financial Institutions

ACEP Group

 4,824.00

  Niger

  28/11/2023

  Subsidy

Cooperativa Pacífico

Financial Institutions

Cooperativa Pacífico

10,000,000.00

  Peru

  23/10/2023

  Debt

Alterfin

Investment Companies & Funds

Alterfin

5,000,000.00

  23/10/2023

  Debt

EA Foods Ltd

Enterprises

EA Foods Ltd

 10,448.00

  Tanzania

  09/10/2023

  Subsidy