Project detail - Berkeley Energy Netherlands Holding

Berkeley Energy Netherlands Holding

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Who is our client

Berkeley Energy Netherlands Holding (Berkeley Energy Hydro Holding) is a platform company that will invest in hydro energy assets in the Philippines. It currently holds one asset, which is under construction. Shareholders include our investee and partner Renewable Energy Asia Fund and DEG.

Funding objective

Berkeley Energy Hydro Holding has been set up to grow into a Filipino hydro energy generating platform with a significant growth pipeline and a strong management team. Berkeley Energy Hydro Holding will acquire late stage development stage assets as well as fully permitted pre-construction assets, to subsequently construct and operate these assets.

Why we fund this project

For FMO, Berkeley Energy Hydro Holding presents an opportunity to increase impact and reduce footprint by investing in the construction and commissioning of hydro assets in the Philippines.

Region
Asia
Country
Philippines
Sector
Energy
Signing date
8/23/2017
Total FMO financing
EUR 0.45 MLN
Fund
FMO
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)
B+