Berkeley Energy Netherlands Holding (FMO-31641)

Countries
  • Philippines
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 23, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Berkeley Energy Netherlands Holding
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.29 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.45 MLN
Converted using 2017-08-23 exchange rate.
Loan Amount (USD)
$ 5.29 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jun 24, 2018


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Project Description

According to FMO website, Berkeley Energy Netherlands Holding (Berkeley Energy Hydro Holding) is a platform company that will invest in hydro energy assets in the Philippines. It currently holds one asset, which is under construction. Shareholders include our investee and partner Renewable Energy Asia Fund and DEG.

Berkeley Energy Hydro Holding has been set up to grow into a Filipino hydro energy generating platform with a significant growth pipeline and a strong management team. Berkeley Energy Hydro Holding will acquire late stage development stage assets as well as fully permitted pre-construction assets, to subsequently construct and operate these assets.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

No contact information was provided at the time of disclosure.

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism