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According to the information rovided on the project disclosure page, FMO has committed a USD 138 million facility to support the execution of a pipeline of large-scale renewable energy projects, including onshore and offshore wind, solar and battery energy storage systems, thereby supporting the energy transition and increasing renewable power generation capacity in the target markets.
The transaction offers an opportunity to support CIP's pipeline execution, deliver catalytic impact, and is expected to contribute to climate mitigation through the increased deployment of renewable energy capacity in the target markets. 100% of FMO's investment is labelled as Green, as it supports activities that contribute to climate mitigation, contributing to SDG 13, in line with FMO's methodology to determine the green finance attribution.
As stated by the FMO, Copenhagen Infrastructure GMF II Levered Fund I SCSp is a co-investment vehicle established as a special limited partnership under the laws of Luxembourg to invest in renewable energy projects across various low- and middle-income countries (LMICs), with primary exposure anticipated in the Philippines, India and Vietnam, and limited exposure to Mexico and other eligible countries.
The Borrower will be funded through a 50% equity commitment from Copenhagen Infrastructure Partners Holding P/S and a 50% debt facility provided by FMO. The Borrower will invest in renewable energy projects alongside Copenhagen Infrastructure Growth Markets Fund II, which is managed by Copenhagen Infrastructure Partners P/S.
Financial Intermediary - Copenhagen Infrastructure Partners P/S:
Address: Gdanskgade 18, DK-2150 Copenhagen, Denmark
Phone: +45 70 70 51 51
Website: https://www.cip.com/
ACCESS TO INFORMATION
As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl
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