INTERACT CLIMATE CHANGE FACILITY SA
Status: Approved 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
Interact Climate Change Facility S.A. (ICCF) is a private limited liability company established under the laws of the Grand Duchy of Luxembourg, and is owned by 13 shareholders, including FMO. ICCF finances renewable energy and energy efficiency projects in the private sector in developing countries and emerging markets. Through this facility, FMO is financing a long-term credit facility to BankPozitif, a financial institution established in Turkey that focuses mainly on large and medium-sized companies and niche retail lending.
What is our funding objective?
The credit facility will be dedicated to financing energy efficiency and renewable energy projects. BankPozitif is specialized in the financing of energy-related projects and is also very active in the sectors of agribusiness, water and infrastructure.
Why do we fund this investment?
This facility enables BankPozitif to in turn offer long-term facilities to players in the renewable energy sector in Turkey. This fully corresponds to the climate change mandate of FMO. As an intermediary, BankPozitif also offers the possibility of indirectly financing renewable energy projects that are smaller than those FMO could finance directly.
More investments
| Date | Total FMO financing |
|---|---|
| 4/19/2021 | EUR 60.00 MLN |
| 7/31/2015 | EUR 3.88 MLN |
| 3/24/2014 | EUR 4.70 MLN |
| 2/11/2014 | EUR 1.42 MLN |
- Region
- Europe & Central Asia
- Country
- Türkiye
- Sector
- Energy
- Effective date
- 2/16/2015
- Total FMO financing
- EUR 3.18 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