FINANCING SUSTAINABLE ENERGY AND DEVELOPMENT
GROWTH IN CLIMATE-RELATED COMMITMENTS* (€M)
AFRICA: ONE OF OUR KEY FOCUSES
€400 MILLION INVESTED IN CLIMATE
PROJECTS IN AFRICA
SINCE 2006
BOOSTING OUR LEVERAGE +€300 MILLION of additional financing raised from our partners since 2012
CLIMATE FINANCE HAS GROWN STEADILY OVER THE PAST 10 YEARS:
+ 31%* per year
in climate-related
commitments
8 GW of renewable
energy financed
Over 11 MILLION TCO2 avoided
Since 2006, Proparco has been pursuing to an ambitious climate strategy and pledged 30% of its annual financing to climate mitigation projects. Proparco is among the most active Development Financial Institutions in the fight against climate change.
OVER €2.5 BILLION COMMITTED IN THE LAST 10 YEARS FOR FINANCING THE FIGHT AGAINST CLIMATE CHANGE
Sustained growth in our private equity‘ investments: €76 MILLION in companies and specialised funds since 2006
STEADY DEVELOPMENT OF FINANCIAL INTERMEDIATION: 24 DEDICATED CREDIT LINES, AUTHORISED SINCE 2006 (€802 MILLION)
1145
865
261
2006 2011 2017
CLIMATE TOTAL PROPARCO COMMITMENTS
* Average annual growth rate
*Projects signed
329
206
60
Friendship Facility DEG/FMO/PRO
Small, fast-growing independent power producer (IPP) looking to raise funds on the capital markets.
Proparco was the cornerstone investor enabling the €170M capital raise for the IPP (quoted on Euronext Paris).
VOLTALIA Independent producer of renewable energy (IPP) — LATIN AMERICA, AFRICA
Solar FIT program — EGYPT
SENERGY Solar power plant — SENEGAL
Project sponsor willing to secure debt financing in the most straightforward and quick way possible.
Unlike multi-lateral institutions and IFIs, Proparco can finance up to 100% of a project’s debt requirements.
Providing a “one-stop shop” financing solution.
BPC Green bond — MOROCCO
How to create a sustainable financing mechanism for banks to support long-term investments in green assets.
First green bond issuance in foreign currency in Morocco.
Proparco’s first green bond investment in the region.
Channeling private institutional money to climate finance through capital markets.
Clients willing to secure financing in a challenging macroeconomic context.
Financing a national renewable energy program on the largest international solar site (Benban 1.8 GW, 5 projects financed simultaneously for a total amount of US$136M).
Major contribution to PPA bankability and to E&S action Plan
The construction of a 290 km transmission line was too expensive to be financed by the private sector alone.
Combining private financing provided by Proparco with sovereign debt to build the transmission line.
ITEZHI TEZHI Hydro project — ZAMBIA
Proposing an innovative financing solution.
Investors willing to develop off-grid energy projects with high impacts but highly risky at early stage.
Guarantees for off-grid projects — AFRICA
Proparco has set up a guarantee facility for its future equity investments, capped at €10M.
Sharing risk with the European Union.
“Catalyzer” of private sector investment.
PROPARCO A CATALYST FOR CUSTOMER SOLUTIONS
Technical Assistance Grants (reimbursable or non-reimbursable) Assistance support in implementing quality E&S procedures before getting certified E&S
procedures for certification purposes
Expertise Investors Club
AFD-Proparco conferences Private Sector & Development Blog blog.private-sector-and-development.com
FINANCIAL OFFER
EXTRA-FINANCIAL OFFER
FINANCIAL OFFER AND SOLUTIONS
FINANCING MAJOR LONG-TERM PROJECTS
WITH: A tight time frame Multiple lenders
SHARING THE RISKS OF A PROJECT
FINANCING SMALL-SCALE
PROJECTS
STAKEHOLDER NETWORKING
OUR
SO
LUTI
ON
SO
UR S
OLU
TIO
NS
YOUR
NEE
DS
YOUR
NEE
DS
EARLY STAGE SUPPORT
ENHANCED ENVIRONMENTAL
AND SOCIAL MANAGEMENT (E&S)
Dedicated lines of credit to some financial institutions
Amount: €30M to €50M Maturity: 10 -12 years
Equity participation in specialized investment funds
Amount: €5M to €15M Average period for return
on investment:10 -15 years
Syndication or co-financing (debt or guarantees)
Amount : €10M to €100M Maturity : 15 years and over
Tailor-made transactions
Subordinated debt, quasi and pure equity Amount: €5M – €20M
Average period for return on investment: 7-10 years
IRR target: min. 10% to 15%
Our main focuses
ENERGY EFFICIENCY Projects that aim to reduce
consumption of conventional energy.
BUILDING, INDUSTRIAL PROCESSES, TRANSPORT, ETC.
OVER 100 PROJECTS FUNDED Across all renewable energy sectors since 2006
Solar
Hydro
Wind
Other energies
Equity
Financial intermediation
€779M
31%
LEGEND
OF CLIMATE
COMMITMENTS
ACCESS TO ENERGY Projects providing energy access
in remote regions.
RURAL ELECTRIFICATION,OFF-GRID FINANCING FACILITY, ETC.
©JJ
Est
rada
Kin
go E
nerg
y
RENEWABLE ENERGY PRODUCTION Projects that aim to produce energy
from renewable sources.
WIND, SOLAR, HYDRO, BIOGAS, BIOMASS, ETC.
©Co
bra
ADAPTATION Projects that aim to help populations
adapt to climate change constraints.
TECHNOLOGIES THAT HELP TO REDUCE WATER CONSUMPTION OR ADAPT TO WATER STRESS.
©I.
Ezze
relli
OVER 100 PROJECTS FUNDED Across all renewable energy sectors since 2006
€2.5 BILLIONcommited
120 projects
28 countries
OF CLIMATE
COMMITMENTS
OF CLIMATE
COMMITMENTS
OF CLIMATE COMMITMENTS
MULTI-COUNTRY
OF CLIMATE
COMMITMENTS
€400M
€393M
€70M
€835M
16%
16%
3%
34%
DIVERSIFIED OPERATIONS
54% Renewable energy€1,340M
29% Financial intermediation€707M
17% Energy efficiency€430M
35% Solar
21% Hydro
31% Wind
13% other energies
111 MW CCGT(expansion)
Ivory Coast • 2013Senior Loan
EUR 50m
36 MWGeothermal
Nicaragua • 2010Senior LoanUSD 19m
Biomass cogenIndonesia • 2011
Senior LoanUSD 10m
139 MW CCGT(expansion)
Ivory Coast • 2012Senior LoanUSD 55m
110 MW CCGT(expansion)
Ghana • 2012Senior LoanUSD 20m
120 MW CCGT(expansion)
Indonesia • 2012Arranging Senior Loan
USD 27.5m
64MWGeothermal
Kenya • 2009 & 2016Senior Loans
USD 18m
2 projects of63 MW eachEgypt • 2017Senior Loans
USD 56m
67 MWJordan • 2016
Senior LoanUSD 35m
Solar Home SystemsIndia • 2016
EquityUSD 1m
2 projects of65 MW eachEgypt • 2017Senior Loans
USD 56m
32 MWEgypt • 2017Senior LoanUSD 25m
254 MWBrazil • 2017
Arranging Senior LoanEUR 90m
2 projects of30 MW each
Senegal • 2016Arranging Senior Loans
EUR 58m
84 MWPakistan • 2009
Senior Loan USD 26m
149 MWBrazil • 2011Senior Loans
EUR 40m
Zhongda Sanchuan
78 MWChina • 2006 Senior Loan USD 10m
280 MW(expansion)
Lao PDR • 2009Arranging Senior Loan
USD 40m
250 MWUganda • 2006
Senior Loan & MezzanineUSD 60m
1,070 MWLao PDR • 2005
Senior LoanUSD 30m
58 MWPanama • 2011
Senior Loan & Mezzanine
USD 35m
2 Projetcts totaling21 MW
Uganda • 2017Unfunded risk participation
USD 19m
54 MWBrazil • 2013Senior Loan
EUR 30m
20 MWPanama • 2012
EquityUSD 7.5m
Hydrolea LLC
27 MWGeorgia • 2017
Senior LoanUSD 8.6m
120 MWZambia • 2014
Senior LoanUSD 36m
Zambia • 2014 Senior Loans
USD 20m
16 MWKenya • 2015Senior LoanUSD 15m
50 MWChile • 2013Senior LoanUSD 24m
2 projects50 MW
Honduras • 2014 & 2016Senior Loans
USD 29m
378 MWIndia • 2013 & 2015
EquityUSD 18m
WIN
DSO
LAR
HYD
ROO
THER
EN
ERG
IES*
FIN
AN
CIA
L IN
TERM
EDIA
TIO
N UE
FAC
ILIT
IES
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
50 MWPakistan • 2015
Senior LoanUSD 18m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
44 MWNicaragua • 2012
Senior LoanUSD 27m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
300 MWKenya • 2014
Senior LoanEUR 50m
215 MWBrazil • 2016
EquityEUR 15m
72 MWMontenegro • 2015
MezzanineEUR 20m
50 MWUruguay • 2013
Arranging Senior LoanUSD 39m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
80 MWCosta Rica • 2015
Senior LoanUSD 50m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
50 MWDominican Republic • 2017
Senior Loan & Mezz.USD 17m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
86 MWJordan• 2016
Arranging Senior LoanUSD 136m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
129 MWPeru • 2015
Arranging Senior LoanUSD 66m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
VESA 50 MWHonduras • 2013, 2017
Senior LoanUSD 95m
300 MWKenya • 2014Senior Loan
EUR 50m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
36 MWTurkey •2010, 2012
& 2014Senior Loans
EUR 41m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
186 MWIndia • 2013
EquityINR 825m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
50MWChile2013
SeniorLoanUSD24m
ASAMPLEOFPROJECTSRENEWABLES– SOLAR
378MWIndia
2013&2015
EquityUSD18m
54MWChile2015
SeniorLoanUSD20m
3projects totalling40MWJordan2014
SeniorLoansUSD50m
2projects totalling50MWHonduras
2014&2016
SeniorLoansUSD29m
2projects of30MWeachSenegal2016
Arranging SeniorLoans(Proparco/BIO)
EUR58m
Khi SolarOne CSP50MW
SouthAfrica2012
SeniorLoanZAR264m
40MWPeru2011
MezzanineUSD7m
SolarHomeSystems2015
Convertible &EquityEUR1m
80MWSalvador2016
SeniorLoanUSD30m
SolarHomeSystemsIndia2016
EquityUSD1m
3
67MWJordan2016
SeniorLoanUSD35m
Off-gridGuatemala
2016
Convertible BondsUSD2m
50MWChile2013
SeniorLoanUSD24m
ASAMPLEOFPROJECTSRENEWABLES– SOLAR
378MWIndia
2013&2015
EquityUSD18m
54MWChile2015
SeniorLoanUSD20m
3projects totalling40MWJordan2014
SeniorLoansUSD50m
2projects totalling50MWHonduras
2014&2016
SeniorLoansUSD29m
2projects of30MWeachSenegal2016
Arranging SeniorLoans(Proparco/BIO)
EUR58m
Khi SolarOne CSP50MW
SouthAfrica2012
SeniorLoanZAR264m
40MWPeru2011
MezzanineUSD7m
SolarHomeSystems2015
Convertible &EquityEUR1m
80MWSalvador2016
SeniorLoanUSD30m
SolarHomeSystemsIndia2016
EquityUSD1m
3
67MWJordan2016
SeniorLoanUSD35m
Off-gridGuatemala
2016
Convertible BondsUSD2m
50MWChile2013
SeniorLoanUSD24m
ASAMPLEOFPROJECTSRENEWABLES– SOLAR
378MWIndia
2013&2015
EquityUSD18m
54MWChile2015
SeniorLoanUSD20m
3projects totalling40MWJordan2014
SeniorLoansUSD50m
2projects totalling50MWHonduras
2014&2016
SeniorLoansUSD29m
2projects of30MWeachSenegal2016
Arranging SeniorLoans(Proparco/BIO)
EUR58m
Khi SolarOne CSP50MW
SouthAfrica2012
SeniorLoanZAR264m
40MWPeru2011
MezzanineUSD7m
SolarHomeSystems2015
Convertible &EquityEUR1m
80MWSalvador2016
SeniorLoanUSD30m
SolarHomeSystemsIndia2016
EquityUSD1m
3
67MWJordan2016
SeniorLoanUSD35m
Off-gridGuatemala
2016
Convertible BondsUSD2m
Solar Home SystemsMulticountry • 2015
Convertible loan & EquityEUR 1m
50MWChile2013
SeniorLoanUSD24m
ASAMPLEOFPROJECTSRENEWABLES– SOLAR
378MWIndia
2013&2015
EquityUSD18m
54MWChile2015
SeniorLoanUSD20m
3projects totalling40MWJordan2014
SeniorLoansUSD50m
2projects totalling50MWHonduras
2014&2016
SeniorLoansUSD29m
2projects of30MWeachSenegal2016
Arranging SeniorLoans(Proparco/BIO)
EUR58m
Khi SolarOne CSP50MW
SouthAfrica2012
SeniorLoanZAR264m
40MWPeru2011
MezzanineUSD7m
SolarHomeSystems2015
Convertible &EquityEUR1m
80MWSalvador2016
SeniorLoanUSD30m
SolarHomeSystemsIndia2016
EquityUSD1m
3
67MWJordan2016
SeniorLoanUSD35m
Off-gridGuatemala
2016
Convertible BondsUSD2m
Off-grid
Guatemala • 2016Convertible Bonds
USD 2m
50 MW
South Africa • 2012Senior LoanZAR 264m
50MWChile2013
SeniorLoanUSD24m
ASAMPLEOFPROJECTSRENEWABLES– SOLAR
378MWIndia
2013&2015
EquityUSD18m
54MWChile2015
SeniorLoanUSD20m
3projects totalling40MWJordan2014
SeniorLoansUSD50m
2projects totalling50MWHonduras
2014&2016
SeniorLoansUSD29m
2projects of30MWeachSenegal2016
Arranging SeniorLoans(Proparco/BIO)
EUR58m
Khi SolarOne CSP50MW
SouthAfrica2012
SeniorLoanZAR264m
40MWPeru2011
MezzanineUSD7m
SolarHomeSystems2015
Convertible &EquityEUR1m
80MWSalvador2016
SeniorLoanUSD30m
SolarHomeSystemsIndia2016
EquityUSD1m
3
67MWJordan2016
SeniorLoanUSD35m
Off-gridGuatemala
2016
Convertible BondsUSD2m
50MWChile2013
SeniorLoanUSD24m
ASAMPLEOFPROJECTSRENEWABLES– SOLAR
378MWIndia
2013&2015
EquityUSD18m
54MWChile2015
SeniorLoanUSD20m
3projects totalling40MWJordan2014
SeniorLoansUSD50m
2projects totalling50MWHonduras
2014&2016
SeniorLoansUSD29m
2projects of30MWeachSenegal2016
Arranging SeniorLoans(Proparco/BIO)
EUR58m
Khi SolarOne CSP50MW
SouthAfrica2012
SeniorLoanZAR264m
40MWPeru2011
MezzanineUSD7m
SolarHomeSystems2015
Convertible &EquityEUR1m
80MWSalvador2016
SeniorLoanUSD30m
SolarHomeSystemsIndia2016
EquityUSD1m
3
67MWJordan2016
SeniorLoanUSD35m
Off-gridGuatemala
2016
Convertible BondsUSD2m
50MWChile2013
SeniorLoanUSD24m
ASAMPLEOFPROJECTSRENEWABLES– SOLAR
378MWIndia
2013&2015
EquityUSD18m
54MWChile2015
SeniorLoanUSD20m
3projects totalling40MWJordan2014
SeniorLoansUSD50m
2projects totalling50MWHonduras
2014&2016
SeniorLoansUSD29m
2projects of30MWeachSenegal2016
Arranging SeniorLoans(Proparco/BIO)
EUR58m
Khi SolarOne CSP50MW
SouthAfrica2012
SeniorLoanZAR264m
40MWPeru2011
MezzanineUSD7m
SolarHomeSystems2015
Convertible &EquityEUR1m
80MWSalvador2016
SeniorLoanUSD30m
SolarHomeSystemsIndia2016
EquityUSD1m
3
67MWJordan2016
SeniorLoanUSD35m
Off-gridGuatemala
2016
Convertible BondsUSD2m
80 MWSalvador • 2016
Senior LoanUSD 30m
40 MWPeru • 2011Mezzanine
USD 7m
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
50MWChile2013
SeniorLoanUSD24m
ASAMPLEOFPROJECTSRENEWABLES– SOLAR
378MWIndia
2013&2015
EquityUSD18m
54MWChile2015
SeniorLoanUSD20m
3projects totalling40MWJordan2014
SeniorLoansUSD50m
2projects totalling50MWHonduras
2014&2016
SeniorLoansUSD29m
2projects of30MWeachSenegal2016
Arranging SeniorLoans(Proparco/BIO)
EUR58m
Khi SolarOne CSP50MW
SouthAfrica2012
SeniorLoanZAR264m
40MWPeru2011
MezzanineUSD7m
SolarHomeSystems2015
Convertible &EquityEUR1m
80MWSalvador2016
SeniorLoanUSD30m
SolarHomeSystemsIndia2016
EquityUSD1m
3
67MWJordan2016
SeniorLoanUSD35m
Off-gridGuatemala
2016
Convertible BondsUSD2m
3 projects40 MW
Jordan • 2014Senior Loans
USD 50m
50MWChile2013
SeniorLoanUSD24m
ASAMPLEOFPROJECTSRENEWABLES– SOLAR
378MWIndia
2013&2015
EquityUSD18m
54MWChile2015
SeniorLoanUSD20m
3projects totalling40MWJordan2014
SeniorLoansUSD50m
2projects totalling50MWHonduras
2014&2016
SeniorLoansUSD29m
2projects of30MWeachSenegal2016
Arranging SeniorLoans(Proparco/BIO)
EUR58m
Khi SolarOne CSP50MW
SouthAfrica2012
SeniorLoanZAR264m
40MWPeru2011
MezzanineUSD7m
SolarHomeSystems2015
Convertible &EquityEUR1m
80MWSalvador2016
SeniorLoanUSD30m
SolarHomeSystemsIndia2016
EquityUSD1m
3
67MWJordan2016
SeniorLoanUSD35m
Off-gridGuatemala
2016
Convertible BondsUSD2m
ASAMPLEOFPROJECTSENERGYEFFICIENCY
139MWCCGT(expansion)Côted‘Ivoire
2012
SeniorLoanUSD55m
Takoradi II110MWCCGT(expansion)
Ghana2012
SeniorLoanUSD20m
120MWCCGT(expansion)Indonesia
2012Arranging SeniorLoan(Proparco/FMO/DEG)
USD 27.5m
1,045MWCCGT,HPPs,WPP
Turkey2011
SeniorLoanEUR40m
111MWCCGT(expansion)Côted‘Ivoire
2013
SeniorLoanEUR50m
6
ASAMPLEOFPROJECTS
35MWcogenIndia2012
Convertible LoanEUR9m
Capex incl.cogenIndonesia
2011
SeniorLoanUSD10m
53MWcogenIndia,Thailand&
Indonesia2013
Subordinated LoanUSD15m
36MWgeothermalNicaragua
2010
SeniorLoanUSD19m
Olkaria III&IV64MWgeothermal
Kenya2016,2009
SeniorLoansUSD18m
Capex incl.cogenGuatemala
2009
SeniorLoanUSD14m
AREScale UpRenewable energyScale UpFacility
Africa2016
EUdelegated fundsEUR12m
25MWcogenKenya2008
SeniorLoanUSD35m
5
BIOMASS
SCALE UPFACILITY GEOTHERMAL WASTE
Waste-to-FertilizerTurkey2016
SeniorLoanEUR18m
Waste-to-energyIraq2016
EquityEUR6m
Sri Lanka • 2017Senior Credit Line
EUR 20m
Turkey • 2017Senior Credit Line
USD 15m
ASAMPLEOFPROJECTSENERGYEFFICIENCY
139MWCCGT(expansion)Côted‘Ivoire
2012
SeniorLoanUSD55m
Takoradi II110MWCCGT(expansion)
Ghana2012
SeniorLoanUSD20m
120MWCCGT(expansion)Indonesia
2012Arranging SeniorLoan(Proparco/FMO/DEG)
USD 27.5m
1,045MWCCGT,HPPs,WPP
Turkey2011
SeniorLoanEUR40m
111MWCCGT(expansion)Côted‘Ivoire
2013
SeniorLoanEUR50m
6
ASAMPLEOFPROJECTSENERGYEFFICIENCY
139MWCCGT(expansion)Côted‘Ivoire
2012
SeniorLoanUSD55m
Takoradi II110MWCCGT(expansion)
Ghana2012
SeniorLoanUSD20m
120MWCCGT(expansion)Indonesia
2012Arranging SeniorLoan(Proparco/FMO/DEG)
USD 27.5m
1,045MWCCGT,HPPs,WPP
Turkey2011
SeniorLoanEUR40m
111MWCCGT(expansion)Côted‘Ivoire
2013
SeniorLoanEUR50m
6
Morocco • 2017Green Bond
EUR 35m
Panama • 2017Senior Credit Line
USD 23m
Transferability & Convertibility Facility
2017Subsidy program
EUR 15m
Renewable EnergyScale Up Facility
Africa • 2016EU delegated funds
EUR 21m
*Bio
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ASAMPLEOFPROJECTSHYDROPOWER
120MWZambia2014
SeniorLoanUSD36m
54MWBrazil2013
SeniorLoanEUR30m
20MWPanama2012
EquityUSD7.5m
149MWBrazil2011
SeniorLoansEUR40m
Theun Hinboun PowerCompany
280MWexpansionLaoPDR2009
Arranging SeniorLoan(Proparco/FMO/DEG)
USD40m
250MWUganda2006
SeniorLoan &MezzanineUSD60m
NamTheun 2PowerCompany
1,070MWLaoPDR2005
SeniorLoanUSD30m
LOGO
Copperbelt energycorporation
Zambia2014
SeniorLoansUSD 20m
16MWKenya2015
SeniorLoanUSD15m
4
ASAMPLEOFPROJECTSHYDROPOWER
120MWZambia2014
SeniorLoanUSD36m
54MWBrazil2013
SeniorLoanEUR30m
20MWPanama2012
EquityUSD7.5m
149MWBrazil2011
SeniorLoansEUR40m
Theun Hinboun PowerCompany
280MWexpansionLaoPDR2009
Arranging SeniorLoan(Proparco/FMO/DEG)
USD40m
250MWUganda2006
SeniorLoan &MezzanineUSD60m
NamTheun 2PowerCompany
1,070MWLaoPDR2005
SeniorLoanUSD30m
LOGO
Copperbelt energycorporation
Zambia2014
SeniorLoansUSD 20m
16MWKenya2015
SeniorLoanUSD15m
4
ASAMPLEOFPROJECTSHYDROPOWER
120MWZambia2014
SeniorLoanUSD36m
54MWBrazil2013
SeniorLoanEUR30m
20MWPanama2012
EquityUSD7.5m
149MWBrazil2011
SeniorLoansEUR40m
Theun Hinboun PowerCompany
280MWexpansionLaoPDR2009
Arranging SeniorLoan(Proparco/FMO/DEG)
USD40m
250MWUganda2006
SeniorLoan &MezzanineUSD60m
NamTheun 2PowerCompany
1,070MWLaoPDR2005
SeniorLoanUSD30m
LOGO
Copperbelt energycorporation
Zambia2014
SeniorLoansUSD 20m
16MWKenya2015
SeniorLoanUSD15m
4
ASAMPLEOFPROJECTSHYDROPOWER
120MWZambia2014
SeniorLoanUSD36m
54MWBrazil2013
SeniorLoanEUR30m
20MWPanama2012
EquityUSD7.5m
149MWBrazil2011
SeniorLoansEUR40m
Theun Hinboun PowerCompany
280MWexpansionLaoPDR2009
Arranging SeniorLoan(Proparco/FMO/DEG)
USD40m
250MWUganda2006
SeniorLoan &MezzanineUSD60m
NamTheun 2PowerCompany
1,070MWLaoPDR2005
SeniorLoanUSD30m
LOGO
Copperbelt energycorporation
Zambia2014
SeniorLoansUSD 20m
16MWKenya2015
SeniorLoanUSD15m
4
ASAMPLEOFPROJECTSHYDROPOWER
120MWZambia2014
SeniorLoanUSD36m
54MWBrazil2013
SeniorLoanEUR30m
20MWPanama2012
EquityUSD7.5m
149MWBrazil2011
SeniorLoansEUR40m
Theun Hinboun PowerCompany
280MWexpansionLaoPDR2009
Arranging SeniorLoan(Proparco/FMO/DEG)
USD40m
250MWUganda2006
SeniorLoan &MezzanineUSD60m
NamTheun 2PowerCompany
1,070MWLaoPDR2005
SeniorLoanUSD30m
LOGO
Copperbelt energycorporation
Zambia2014
SeniorLoansUSD 20m
16MWKenya2015
SeniorLoanUSD15m
4
ASAMPLEOFPROJECTSHYDROPOWER
120MWZambia2014
SeniorLoanUSD36m
54MWBrazil2013
SeniorLoanEUR30m
20MWPanama2012
EquityUSD7.5m
149MWBrazil2011
SeniorLoansEUR40m
Theun Hinboun PowerCompany
280MWexpansionLaoPDR2009
Arranging SeniorLoan(Proparco/FMO/DEG)
USD40m
250MWUganda2006
SeniorLoan &MezzanineUSD60m
NamTheun 2PowerCompany
1,070MWLaoPDR2005
SeniorLoanUSD30m
LOGO
Copperbelt energycorporation
Zambia2014
SeniorLoansUSD 20m
16MWKenya2015
SeniorLoanUSD15m
4
ASAMPLEOFPROJECTSRENEWABLES– WIND
Alisios80MW
CostaRica2015
SeniorLoanUSD50m
Penonome54MWPanama2014
SeniorLoanUSD20m
300MWKenya2014
SeniorLoanEUR50m
36MWTurkey
2012&2014
SeniorLoansEUR41m
50MWPakistan2015
SeniorLoanUSD18m
186MWIndia2013
EquityINR825m
Eolonica44MW
Nicaragua2012
SeniorLoanUSD27m
Polesine50MWUruguay2013
Arranging SeniorLoan(Proparco/DEG/FMO)
USD39m
Eurus250MWMexico2010
SeniorLoanUSD35m
30MWTurkey2010
SeniorLoanEUR12m
Krnovo72MW
Montenegro2015
MezzanineEUR20m
129MWPeru2015
Arranging SeniorLoan(Proparco/DEG/FMO)
USD 29m
VESA50MWHonduras
2013
SeniorLoanUSD27m
2
AlRajef86MWJordan2016
Arranging SeniorLoan(Proparco/DEG)
USD50m
215MWBrasil2016
EquityEUR15m
50MWChile2013
SeniorLoanUSD24m
ASAMPLEOFPROJECTSRENEWABLES– SOLAR
378MWIndia
2013&2015
EquityUSD18m
54MWChile2015
SeniorLoanUSD20m
3projects totalling40MWJordan2014
SeniorLoansUSD50m
2projects totalling50MWHonduras
2014&2016
SeniorLoansUSD29m
2projects of30MWeachSenegal2016
Arranging SeniorLoans(Proparco/BIO)
EUR58m
Khi SolarOne CSP50MW
SouthAfrica2012
SeniorLoanZAR264m
40MWPeru2011
MezzanineUSD7m
SolarHomeSystems2015
Convertible &EquityEUR1m
80MWSalvador2016
SeniorLoanUSD30m
SolarHomeSystemsIndia2016
EquityUSD1m
3
67MWJordan2016
SeniorLoanUSD35m
Off-gridGuatemala
2016
Convertible BondsUSD2m
50MWChile2013
SeniorLoanUSD24m
ASAMPLEOFPROJECTSRENEWABLES– SOLAR
378MWIndia
2013&2015
EquityUSD18m
54MWChile2015
SeniorLoanUSD20m
3projects totalling40MWJordan2014
SeniorLoansUSD50m
2projects totalling50MWHonduras
2014&2016
SeniorLoansUSD29m
2projects of30MWeachSenegal2016
Arranging SeniorLoans(Proparco/BIO)
EUR58m
Khi SolarOne CSP50MW
SouthAfrica2012
SeniorLoanZAR264m
40MWPeru2011
MezzanineUSD7m
SolarHomeSystems2015
Convertible &EquityEUR1m
80MWSalvador2016
SeniorLoanUSD30m
SolarHomeSystemsIndia2016
EquityUSD1m
3
67MWJordan2016
SeniorLoanUSD35m
Off-gridGuatemala
2016
Convertible BondsUSD2m
Conc
eptio
n/re
dact
ion:
Pro
parc
o - J
anua
ry 2
018
CONTACTS
PROPARCO Regional offices
PROPARCO Headquarters
ASIA
North & Southeast Asia BANGKOKExchange Tower,Unit 3501-02, 35th floor 388 Sukhumvit Road, Klongtoey Bangkok 10110, [email protected]
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AFRICA
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PROPARCO – a subsidiary of the Agence Française de Développement (AFD) dedicated to the private sector– has been supporting sustainable development for 40 years.