Caucasus Clean Energy I, L.P. (FMO-52342)

Countries
  • Georgia
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.
Project Status
Active
Bank Risk Rating
A
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.
Borrower
Schulze Global
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Hydropower
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)
$ 12.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 12.50 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

Disclosed by Bank Nov 9, 2017


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Project Description

This project finances Schulze Global's Cacusus Clean Energy I Fund which plans to invest in approximately 10 small and medium-sized run-of-river hydropower plants in Georgia that each have an installed capacity of between approximately 10 MW and 20 MW, both operational and greenfield projects.

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

Schulze Global has established Caucasus Clean Energy I (CCEF) for the purpose of investing in a diversified portfolio of small and medium-sized hydropower plants in the country of Georgia. CCEF is managed by Schulze Georgia Global, backed by Schulze Global Investments. The sponsor, based in Singapore, has USD200m Assets Under Management and additional offices in Ethiopia, Mongolia and Georgia, among others. FMO previously invested in the Schulze Ethiopia Growth and Transformation Fund.

Contact Information

No contact information available at time of writing.

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