SOLEQ HOLDINGS
Status: Completed investmentWhy disclosure?
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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
Soleq Holdings is a pan-Asian solar energy platform that will invest in solar assets in Thailand, Malaysia, Indonesia, Vietnam and the Philippines. The company will be managed by Equis Funds Group. FMO has committed USD20 million to Soleq. Together with Equis, DEG and another investor a total of USD185 million has been committed to Soleq.
What is our funding objective?
Soleq has been set up to grow into a regional solar energy generating platform with a significant growth pipeline and a strong management team. To begin with, Soleq will acquire fully permitted pre-construction assets, and occasionally operational assets. The latter category would most likely only be acquired as part of a larger portfolio with some assets still to be constructed or under construction. Once Soleq has established itself as builder and operator of solar assets, Soleq may also commence developing its own pipeline. At this stage Soleq has acquired 10 solar photovoltaic (PV) assets totalling 72 MWac in Thailand, which are now under construction.
Why do we fund this investment?
Soleq will be in a position to invest in a number of solar PV opportunities in its focus countries as a result of the combination of a strong capital base and a team with the required knowledge of and experience in the sector. For FMO Soleq presents an opportunity to increase impact and reduce footprint by investing in the construction and commissioning of solar PV - renewable energy - assets in developing Asia. See www.soleq.com for more information.
- Website customer/investment
- http://equisfg.com/portfolio
- Region
- Asia
- Country
- Asia
- Sector
- Energy
- Effective date
- 6/20/2013
- End date
- 12/31/2021
- Total FMO financing
- USD 20.00 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