CLIMATE FUND MANAGERS ANNOUNCES THE FIRST CLOSE OF CLIMATE INVESTOR ONE, AT USD 412 MILLION

Climate Investor One (CIO) is the inaugural financing facility launched by Climate Fund Managers (CFM), of an intended series of climate finance initiatives designed to combat the detrimental effects of unmitigated climate change.

 

27-06-2017

Climate Investor One recognised in The Economist's 'Power Up' Report

In a recent edition of The Economist’s Power Up: Delivering renewable energy in Africa¸  Climate Investor One was mentioned as a credible and necessary solution to Africa’s energy crisis.

30-09-2016

CFM sign development agreement with Singapore based developer, Sindicatum Renewable Energy Company

Climate Fund Managers, the fund manager to Climate Investor One (“CIO”) is pleased to announce the signing of a development agreement with Sindicatum Renewable Energy Company, a Singapore based developer, owner and operator of  renewable energy projects.

31-08-2016

Development and cooperation agreement signed with french developers

In what has been a full and constructive first half of 2016, Climate Fund Managers (CFM), the fund manager to Climate Investor One (CIO) is pleased to announce the signing of a Development and Cooperation Agreement (DCA) with French developers Compagnie Des Energies Nouvelles (CDEN).

01-08-2016

CIO Participates in Green Infrastructure Investment Coalition

Climate Investor One has become a participant to the multi-trillion-dollar Green Infrastructure Investment Coalition

17-05-2016

Power Africa commits to Climate Investor One

In advance of Earth Day on April 22, Dutch development bank FMO signed an agreement with Power Africa to spur investment in renewable energy projects across sub-Saharan Africa.

22-04-2016

USAID partners with Climate Investor One

Climate Fund Managers, the Fund Manager to Climate Investor One is pleased to announce a new association with USAID through their Power Africa programme.

19-04-2016

CFM Sign First Term Sheet

During the Making Solar Bankable conference of 18-19 February 2016 in Amsterdam, Climate Investor One witnessed the signing of its first term sheet.

20-02-2016

Prize winning initiative

Global Innovation Lab for Climate Finance

03-12-2015

Outcomes at Paris UN Climate Talks

The Three Outcomes That Matter at The Paris UN Climate Talk

01-12-2015

Dutch Funding

Minister Ploumen contributing €50 million to fund

24-11-2015

New Funding from the UK

The UK government has committed £50 million

28-05-2015
economistpowerup
30-09-2016

Climate Investor One recognised in The Economist's 'Power Up' Report

In a recent edition of The Economist’s Power Up: Delivering renewable energy in Africa¸  Climate Investor One was mentioned as a credible and necessary solution to Africa’s energy crisis. Underpinning the lack of power capacity and connectivity, Africa’s energy situation is largely characterized by a lack of available and readily deployable finance.

”’One-stop-shops’, such as developed by Climate Fund Managers (Climate Investor One) …is one way the private sector is responding. From the developer’s point of view, ‘one-stop-shops’ reduce transaction costs by providing easier access to partners, technical experts and investors, while investors benefit from lower risk profiles thanks to the portfolio diversification these facilities provide”, the article highlights.

When asked on the commitment of African governments to address the situation, CEO of Climate Fund Managers (Climate Investor One) Andrew Johnstone noted, referencing South Africa’s REIPPP (Renewable Energy Independent Power Producer Programme) as a leading example that, “The PPP (Public Private Partnerships) Unit of the [South African] National Treasury was a massive stamp of approval and halo effect from day one, because its head and the department had a strong track record of delivering infrastructure projects.”

Mr Johnstone also commented in favour of the new federal government in Nigeria, postulating a PPP structure to replicate the scale and success of that in South Africa. “If you look at Lagos State over the last five years, that’s a jurisdiction that has done PPP’s and they know how project finance works. Some of these PPP’s are good, some are bad, but if they can supersize that at federal level then you’ve got the same sort of dynamic that the National Treasury did for the Department of Energy in South African” says Johnstone.  

Through its innovative blended finance structure, Climate Investor One seeks to be one such financing facility working in the framework of African PPP’s (as well as Asian & Latin American) to enable African-led projects to reach bankability faster and with reduced cost.

For more information on Power Up: Delivering renewable energy in Africa, please follow: https://www.eiuperspectives.economist.com/sites/default/files/Power%20Up.pdf

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