The Hague, Netherlands
Climate Investor One (CI1) is the inaugural financing facility launched by Climate Fund Managers (CFM), of an intended series of climate finance initiatives designed to combat the detrimental effects of unmitigated climate change.
CI1 will provide expertise, technology & financing to renewable energy projects in developing & emerging markets by mobilizing private sector financing at scale supported by catalytic public sector donor funding. CI1 builds on the significant energy infrastructure expertise and track record of its sponsors: FMO, the Dutch development bank, and Phoenix InfraWorks, South African infrastructure development and fund management specialists, in association with Sanlam Investments Holdings.
CI1 seeks to simplify the manner in which capital is deployed and reduces complexity by delivering an innovative “whole-of-life” solution that provides a single financing source for each of the respective development, construction and operational phases of a project’s lifecycle. To this end, CI1 provides early-stage project development services & financing, equity financing through construction, and long-term debt once the project is operational. This approach will allow CI1 to implement more projects to market, faster, delivering positive environmental and social impact sooner.
In the context of near universal political commitment to prevent rising global temperatures from exceeding 2°C above pre-industrial levels, the Directorate-General for International Cooperation (DGIS), Ministry of Foreign Affairs of the Netherlands), Atradius Dutch State Business, De Nederlandse Waterschapsbank N.V. (NWB Bank), Aegon Asset Management and FMO – all from the Netherlands – together with global partners from Norway (KLP), South Africa (Sanlam Investments Holdings) & the UK (Royal Borough of Windsor & Maidenhead Pension Fund), collectively form the cornerstone support for CI1. This closing highlights and re-affirms a broad public and private sector commitment to innovative climate change solutions and key overseas development & investment initiatives.
Targeting Africa, Asia and Latin America, CI1 will focus on Solar, Wind and Run-of-River Hydro renewable energy projects.