Generación Eléctrica Argentina Renovable I S.A. Sucursal Dedicada PEO (GEAR PEO)
Renewable energy generation in Argentina
GEAR PEO is the dedicated project vehicle of GEAR S.A., established for the financing of the Olavarría Wind Farm. FMO has invested USD 30 mln in GEAR PEO as part of a USD 150 mln financing package arranged by IFC to support Argentina’s renewable‑energy expansion. FMO’s investment supports the construction of the 180 MW greenfield wind farm, as well as the repowering and expansion of the Olavarría and Ezeiza substations and the construction of a 25 km transmission line, exclusively focusing on renewable energy generation and associated enabling infrastructure.
Ecofy Finance Private Limited
Green non-banking financial institution in India
Ecofy Finance Pvt Ltd is an India‑based NBFC exclusively focused on financing green assets, including EV two‑ and three‑wheelers, rooftop solar and energy‑efficient solutions for MSMEs, operating through a fully digital and branchless model. FMO provided a USD 10 mln local‑currency senior debt facility through MASSIF, the Dutch government fund for financial inclusion managed by FMO. The financing supports Ecofy’s continued expansion in rooftop solar, e‑mobility and green MSME finance. By supporting access to affordable green finance for underserved retail and SME clients, the transaction contributes to India’s decarbonization agenda.
The Mauritius Commercial Bank
Long‑term climate financing in Mauritius
The Mauritius Commercial Bank Limited (MCB) is the main operating entity of MCB Group, with a growing regional footprint and a focus on sustainable finance. FMO participated in a USD 100 mln, 10‑year climate financing facility alongside Proparco, as lead arranger, and DEG. The facility supports financing of eligible climate mitigation and adaptation projects in African markets. It represents MCB’s second climate‑focused financing line, following a 2023 transaction with Proparco and DEG. The transaction enhances MCB’s capacity to provide long‑term financing across Africa, where access to extended‑tenor funding remains limited.
Eswaran Brothers Exports (Pvt) Ltd
Family-owned tea company in Sri Lanka
Eswaran Brothers Exports (Pvt) Ltd is a third‑generation, family‑owned tea company headquartered in Sri Lanka, operating an integrated model for tea blending, packaging, and printing with production facilities in Sri Lanka and India and exports to more than 40 countries. FMO provided a USD 10 mln secured term loan, comprising a USD 7 mln capex facility and a USD 3 mln green working capital facility. The financing will support the modernization and expansion of operations, including investments in automation and more sustainable production technologies, while the working capital facility will finance the procurement of certified teas and sustainable packaging materials. In collaboration with global gender advisory firm Value for Women (VFW), a pioneering gender inclusion initiative has been designed to elevate women into leadership roles across the tea industry. FMO’s financing supports a key SME in Sri Lanka’s tea sector, thereby strengthening export‑oriented value chains and integrating a gender-inclusive approach into long-term business strategy.
