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
usaid-pr-1
22-04-2016

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. Through the United States Agency for International Development (USAID), Power Africa will commit US$5 million in support of Climate Investor One (CIO), which finances and helps fast-track wind, solar and hydro power projects in sub-Saharan Africa.

CIO targets medium-size renewable energy projects of between 25 MW and 75 MW, and shares Power Africa’s goal to add 30,000 megawatts (MW) of new power generation capacity and 60 million new business and household connections across sub-Saharan Africa.

“Power Africa’s support of the Climate Investor One is indicative of our continued investment in renewable energy technologies throughout sub-Saharan Africa,” said Power Africa Coordinator Andrew Herscowitz. “From wind parks in Kenya, to solar arrays in Rwanda, and geothermal generation in Ethiopia, Power Africa and our partners are putting the continent’s vast renewable resources to work. This agreement with CIO will not only help deliver new access to reliable, affordable, and sustainable electricity, it will help our African government partners boost economic development and tackle climate change at the same time.”

High energy demand and the challenges presented by climate change have advanced renewable energy solutions in sub-Saharan Africa. Many countries have established or are strengthening supportive policy and regulatory frameworks for private investment of renewable energy infrastructure activities. CIO combines three innovative investment funds into one: a Development Fund to reduce development times and improve bankability of projects; a Construction Equity Fund to provide a single source of equity finance to fund construction and progress projects to an operational stage; and a Refinancing Fund to provide long-term and low risk debt during operations. The three funds together allow CIO to help early-stage climate mitigation projects achieve bankability while providing an end-to-end public-private financing solution.

Linda Broekhuizen said “We are proud of our cooperation with Power Africa to accelerate and simplify the financing of renewable energy projects in Africa. CIO is an innovative climate financing structure that fits very well in our work to empowering entrepreneurs in a sustainably responsible manner”.

USAID’s funding of US$5 million will go directly toward renewable energy projects financed by CIO in sub-Saharan Africa. To date, the Dutch Government have also expressed interest in contributing to donor funding.

Andrew Johnstone, CEO of Phoenix InfraWorks, and co-founder of the CIO concept said “Basic infrastructure is a necessary foundation stone of any healthy, vibrant society, and climate change is an unavoidable truth.  Climate Investor One brings together the need to address climate change on a global basis with the provision of power in geographies where development is most needed.  With the collaboration of Governments and the private sector Climate Investor One points the way to mobilizing sustainable capital in a manner which affects people lives positively. We are excited about the potential that the combination of Power Africa and Climate Investor One offers to the power deficient regions of Africa."

Power Africa’s support of the CIO follows a recent MOU with the Government of Canada, and agreements with the Governments of Norway and the United Kingdom signed at COP 21 in Paris.

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