AMERICAS ENERGY FUND II CLEAN ENERG
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
AEF II CE Fund is a private equity fund managed by SCLEA. SCLEA focuses on the Andean Region, investing in energy related assets. It individually or in association with others controls assets with a total value of USD 1.7 bln, 1,550 MW of installed capacity. AEF II CE focuses further on clean energy assets, natural gas and renewables -infrastructure, transmission and generation. FMO' s investment will focus only on investments in Peru and Colombia.
What is our funding objective?
The capital FMO invests provides risk capital via its fund investment and possible future co-investments to improve clean energy project's, operational and financial performance by replacing or supplementing existing management, expanding the current platform through accessing licenses and utilizing negotiation power with local authorities, improving service contracts and pricing structures, optimizing capital structures, and ultimately exiting via public markets or sale to strategic investors.
Why do we fund this investment?
This investment was made because it was deemed to be an attractive commercial and impact (e.g. the replacement and conversion of coal and oil power plants) investment opportunity providing exposure and support to an experienced and successful fund manager in this region and sector. Additionally it supports our efforts to meet our Green Target and will likely provide attractive co-investment opportunities which further leverages FMO's capital towards attractive green investments.
- Region
- Latin America & The Caribbean
- Country
- Latin America & The Caribbean
- Sector
- Energy
- Effective date
- 4/8/2015
- Total FMO financing
- USD 25.25 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A