Interact Climate Change Facility

Equity : February 2011

BIO has invested € 6,000 in equity in the Interact Climate Change Facility (ICCF), an EDFI co-financing facility dedicated to climate-friendly investments.

Amount

€ 6,000.00

Type of investment

Equity

Development impacts

Local economic growth
Access to basic services & goods
Fight against climate change

Beneficiary locations

Africa: Côte d'Ivoire, Ghana

Asia: India, Mongolia

Latin America and Caribbean: Honduras

Investment field

Investment Companies & Funds

Activity

Infrastructure Fund

Organisation

Interact Climate Change Facility

Website

https://www.edfi.eu/facility/iccf/

Domicile

Luxembourg

More investments in

Interact Climate Change Facility

Debt € 10,000,000.00 (2011)

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 equity investment corresponds to BIO’s regulatory shareholding in ICCF, the legal entity through which investors of the ICCF offer loan and guarantee instruments to finance renewable energy and energy efficiency projects, and was accompanied by a loan.

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)