ALTHELIA CLIMATE FUND SICAV
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
Althelia Carbon Fund is a new fund with a target size of EUR 150 mln. The fund is aiming to invest in carbon emission reduction projects in the forestry sector that generate carbon credits. The fund will originate, accredit and bring to market carbon offsets primarily from projects in Africa (40%) and Latin America (40%). The fund mainly targets forest carbon (60% or more), although opportunistic commitments to other projects will be considered provided they also have undisputable positive social and environmental impact.
What is our funding objective?
FMO's investment will allow the fund to reach a first close and subsequently attract follow-up funding from other development finance institutions and commercial investors.
Why do we fund this investment?
Through its selection of high-impact and largely climate-focused investments, the fund fits very well with FMO's 2020 strategy of doubling impact and halving footprint.
- Country
- Global
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 5/27/2013
- Total FMO financing
- EUR 14.67 MLN
- Funding
- Building Prospects
-
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