Project detail - ALTHELIA CLIMATE FUND SICAV

ALTHELIA CLIMATE FUND SICAV

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Who is our client

Althelia Carbon Fund is a new fund with a target size of EUR 150 mln. The fund is aiming to invest in carbon emission reduction projects in the forestry sector that generate carbon credits. The fund will originate, accredit and bring to market carbon offsets primarily from projects in Africa (40%) and Latin America (40%). The fund mainly targets forest carbon (60% or more), although opportunistic commitments to other projects will be considered provided they also have undisputable positive social and environmental impact.

Funding objective

FMO's investment will allow the fund to reach a first close and subsequently attract follow-up funding from other development finance institutions and commercial investors.

Why we fund this project

Through its selection of high-impact and largely climate-focused investments, the fund fits very well with FMO's 2020 strategy of doubling impact and halving footprint.

Country
Global
Sector
Infrastructure, Manufacturing and Services
Signing date
5/27/2013
Total FMO financing
EUR 14.67 MLN
Fund
Building Prospects
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)
A