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FINANCING SUSTAINABLE ENERGY AND … · SUSTAINABLE ENERGY AND DEVELOPMENT. GROWTH IN ... energy financed ... ©JJ Estrada Kingo Energy RENEWABLE ENERGY PRODUCTION

Apr 29, 2018

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Page 1: FINANCING SUSTAINABLE ENERGY AND … · SUSTAINABLE ENERGY AND DEVELOPMENT. GROWTH IN ... energy financed ... ©JJ Estrada Kingo Energy RENEWABLE ENERGY PRODUCTION

FINANCINGSUSTAINABLE ENERGY AND DEVELOPMENT

Page 2: FINANCING SUSTAINABLE ENERGY AND … · SUSTAINABLE ENERGY AND DEVELOPMENT. GROWTH IN ... energy financed ... ©JJ Estrada Kingo Energy RENEWABLE ENERGY PRODUCTION

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

Page 3: FINANCING SUSTAINABLE ENERGY AND … · SUSTAINABLE ENERGY AND DEVELOPMENT. GROWTH IN ... energy financed ... ©JJ Estrada Kingo Energy RENEWABLE ENERGY PRODUCTION

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

Page 4: FINANCING SUSTAINABLE ENERGY AND … · SUSTAINABLE ENERGY AND DEVELOPMENT. GROWTH IN ... energy financed ... ©JJ Estrada Kingo Energy RENEWABLE ENERGY PRODUCTION

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%

Page 5: FINANCING SUSTAINABLE ENERGY AND … · SUSTAINABLE ENERGY AND DEVELOPMENT. GROWTH IN ... energy financed ... ©JJ Estrada Kingo Energy RENEWABLE ENERGY PRODUCTION

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

Page 6: FINANCING SUSTAINABLE ENERGY AND … · SUSTAINABLE ENERGY AND DEVELOPMENT. GROWTH IN ... energy financed ... ©JJ Estrada Kingo Energy RENEWABLE ENERGY PRODUCTION

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

Page 7: FINANCING SUSTAINABLE ENERGY AND … · SUSTAINABLE ENERGY AND DEVELOPMENT. GROWTH IN ... energy financed ... ©JJ Estrada Kingo Energy RENEWABLE ENERGY PRODUCTION

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

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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

Page 8: FINANCING SUSTAINABLE ENERGY AND … · SUSTAINABLE ENERGY AND DEVELOPMENT. GROWTH IN ... energy financed ... ©JJ Estrada Kingo Energy RENEWABLE ENERGY PRODUCTION

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CONTACTS

PROPARCO Regional offices

PROPARCO Headquarters

ASIA

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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.