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Project Summary Note - Equity investment in construction equity fund as part of climate investor one platform

15-Jan-2019

Equity investment of USD 32.5 million in Construction Equity Fund (CEF), part of the Climate Investor One platform. CEF is one of 3 distinct entities that forms the investment platform Climate Investor One (CIO): (i) the CIO Development Fund (“DF”, funded through concessional funds); (ii) the CIO Construction Equity Fund (“CEF”), with three tiers of capital provided by investors with different risk appetites and income requirements, being concessional financiers, development finance institutions including AfDB (“DFIs”) and commercial investors; and (iii) the CIO Refinancing Fund (“RF”, funded mainly by commercial investors). Through the aforementioned entities, CIO will provide capital, returnable grants, and technical assistance for early stage project development to ensure that bankable energy projects are delivered to the market; invest equity for the construction of projects; and provide debt at competitive terms when the projects commence operations

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