BERKELEY ENERGY WIND MAURITIUS
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
Berkeley Energy Wind Holdings is a platform company that will invest in wind energy assets in India. It currently holds two assets in the 50-100MW range that are partially operational and partially under construction. It is also a development company that is developing a number of additional assets. FMO has committed EUR 21 million to Berkeley Wind. Shareholders include our investee and partner Renewable Energy Asia Fund, DEG and a number of other investors.
What is our funding objective?
Berkeley Wind has been set up to grow into an Indian wind-energy generating platform with a significant growth pipeline and a strong management team. Berkeley Wind acquires late stage development as well as fully permitted pre-construction assets, to subsequently construct and operate.
Why do we fund this investment?
Berkeley Wind will be in a position to invest in a number of wind energy opportunities in India as it has a team with the required knowledge of and experience in the sector as well as committed shareholders. For FMO, Berkeley Wind presents an opportunity to increase impact and reduce footprint by investing in the construction and commissioning of wind assets in India.
- Region
- Asia
- Country
- India
- Sector
- Energy
- Effective date
- 6/9/2015
- Total FMO financing
- EUR 8.73 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) - B+