SINDICATUM RENEWABLE ENERGY COMPANY
Status: Completed investmentWhy disclosure?
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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
Sindicatum Renewable Energy Company develops, owns and operates clean energy projects in South and South-East Asia. Their portfolio comprises landfill-gas-to-power plants in Thailand, bio waste (bagasse)-to-power in India, biogas from waste water in Indonesia and PV solar projects in the Philippines. Due to their cross-border coverage Sindicatum establishes partnerships with reputable local companies. Sindicatum has been a client of FMO’s since 2013 and is an experienced renewable energy developer in Asia, with high development impact.
What is our funding objective?
Together with PROPARCO, FMO provided new financing to Sindicatum for the construction of a 25 MWp solar plant in the Philippines, and for other renewable energy projects in the region. The solar project is expected to generate 31 GWh clean electricity on an annual basis.
Why do we fund this investment?
The investment in Sindicatum fits well with FMO's strategy to support developers of renewable energy projects in emerging markets. The facility enables Sindicatum to expand its renewable energy projects with a to be built solar project. Part of the facility will be drawn in local-currency to reduce Sindicatum’s exposure to foreign currency risk.
More investments
| Date | Total FMO financing |
|---|---|
| 4/17/2019 | USD 15.00 MLN |
- Region
- Asia
- Country
- Asia
- Sector
- Energy
- Effective date
- 2/15/2016
- End date
- 4/17/2019
- Total FMO financing
- USD 7.50 MLN
- Funding
- FMO NV
-
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) - B+