Berkeley Energy Commercial and Industrial Company (FMO-55619)

  • India
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
Bank Risk Rating
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.
Berkeley Energy Commercial & Industrial Company
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 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)
$ 50.00 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 Apr 23, 2019

Disclosed by Bank Apr 10, 2019

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Project Description

According to FMO website, FMO proposes to provide up to US$50 million for a significant minority stake in the company. The funds will be used to partially acquire the seed assets and further grow the company’s portfolio of C&I assets. It will create distributed clean energy infrastructure for high quality corporate customers as well as local employment. It will allow these customers to fulfil their CSR targets targeting renewable energy supply and save on energy costs while also allowing the targeted countries to get closer to reaching their renewable energy targets – and supporting the energy paradigm shift from centralised to decentralised energy generation and utilisation. 

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

Berkeley Energy Commercial & Industrial Company, to be established, is a distributed energy business that will develop, build and operate solar PV rooftop and ground mount installations for commercial and industrial (“C&I”) customers in emerging markets under power purchase agreements. The business is currently active in India and Thailand through its existing shareholder and aims to become a leading energy solutions business in the recently budding C&I clean energy market in India and SE Asia and potentially other emerging markets.

Contact Information

No contact information provided at the time of disclosure. 


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: