FP099
Climate Investor One
Climate Investor One
Providing financing to develop renewable energy projects in regions with power deficits to reduce energy costs and CO2 emissions.
The 18 countries in this initiative are identified as experiencing sizable energy deficits while also being overly reliant on fossil fuels. A major constraint in clean energy investment is a lack of early-stage project financing, combined with insufficient domestic and overseas financing to support the creation of domestic renewable energy markets at scale.
Climate Investor One (CIO) is a blended finance facility. The first component of this programme is a development fund, which provides loans in the early stage of a project life cycle. The second component, a construction equity fund, will meet up to 75 percent of total construction costs in tandem with the project sponsor. Compared with conventional project financing, CIO removes the need for complex multi-party financing structures, with the potential to thereby reduce the time and cost associated with delivering renewable energy projects.
The programme / project has an estimated lifespan of 20 years.
Project timeline
Pipeline
13 Feb 2017 - 615 days
Cleared by GCF Secretariat
13 Feb 2017
Cleared by iTAP
10 Mar 2017
Funding proposal received
26 Apr 2017
Approved
20 Oct 2018 - 245 days
Approved by GCF Board
20 Oct 2018
Legal opinion on AE's Internal Approval
10 Jan 2019
FAA executed
20 Jun 2019
Under implementation
21 Jun 2019 - 2,013 days so far
FAA effective
21 Jun 2019
Disbursement - USD 21,487,762
10 Jul 2019
Disbursement - USD 6,313,903
24 Aug 2020
Disbursement - USD 3,947,572
17 Mar 2021
Disbursement - USD 18,340,231
17 May 2022
Disbursement - USD 49,910,532
15 Sep 2023
To be completed
21 Jun 2037 - 4,564 days to go
Three regions
- Africa
- Latin America and the Caribbean
- Asia-Pacific
Nineteen countries
- Burundi
- Cameroon
- Djibouti
- Ecuador
- Ethiopia
- India
- Indonesia
- Kenya
- Madagascar
- Malawi
- Mauritius
- Mongolia
- Morocco
- Nigeria
- Philippines (the)
- Senegal
- Tunisia
- Uganda
- Zambia
Three priority groups
- Least Developed Countries
- Small Island Developing States
- African States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing100% disbursed
| Instrument | Amount |
|---|---|
| Grant | USD 100,000,000 |
| Total GCF Financing |
|---|
| USD 100,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Grant | USD 26,500,000 |
| Co-Financing | Grant | USD 75,000,000 |
| Co-Financing | Equity | USD 245,000,000 |
| Co-Financing | Equity | USD 310,000,000 |
| Co-Financing | Equity | USD 65,000,000 |
| Total Co-Financing |
|---|
| USD 721,500,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Documents
| Title | Type | Date |
|---|---|---|
| 2019 Annual Performance Report for FP099: Climate Investor One | Annual Performance Report | 01 Mar 2020 |
| Environmental and social safeguards (ESS) report for FP099: Climate Investor One (Djibouti) | Environmental and Social Safeguards report / Sub-project ESS report | 23 May 2019 |
| Environmental and social safeguards (ESS) report for FP099: Climate Investor One (Uganda) | Environmental and Social Safeguards report / Sub-project ESS report | 22 Feb 2019 |
| Gender assessment for FP099: Climate Investor One | Gender assessment | 10 Jan 2019 |
| Gender action plan for FP099: Climate Investor One | Gender action plan | 10 Jan 2019 |
| Climate Investor One | Approved funding proposal | 28 Nov 2018 |
| Environmental and social safeguards (ESS) report for FP099: Climate Investor One | Environmental and Social Safeguards report | 28 Sep 2018 |
Pages
News + Stories
GCF and FMO partnership will boost the growth of renewable energy in developing countries
21 Jun 2019 / Today, the Green Climate Fund and Netherlands Development Finance Company (FMO) signed an agreement which marks the launch of the Climate Investor One (CIO) programme, a blended finance facility to support the development of renewable energy projects in 11 countries across Africa, Asia and Latin America.