FIRST SOLAR DEVELOPERS NEPAL PVT. L
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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
First Solar Developers Nepal is the winner of a pitch competition at the 2018 Making Solar Bankable (MSB) conference, selected by a jury of solar professionals.
What is our funding objective?
Following the MSB conference, which included the Shark Tank competition in 2016, FMO funds a similar competition at the MSB conference planned for 2018. The aim of this project is to award a prize of USD 100,000 to a solar project, used to obtain consultancy services for specialist advice to make innovative and impactful solar project bankable in challenging emerging market environments.
Why do we fund this investment?
FMO is supporting this project to raise awareness about the bankability of innovative solar projects in emerging markets, but also to provide a high potential project access to much needed (and expensive) third party expertise.
- Region
- Asia
- Country
- Nepal
- Sector
- Energy
- Effective date
- 6/1/2018
- End date
- 4/29/2020
- Total FMO financing
- EUR 0.04 MLN
- Funding
- ForeignAffairs - CD