Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Philippines
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-08-23
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Berkeley Energy Netherlands Holding
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 5.29 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 0.45 MLN
Converted using 2017-08-23 exchange rate.
Loan Amount (USD): $ 5.29 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-11-16
Berkeley Energy Netherlands Holding
FMO-31641

Project Description
According to FMO website, 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. 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.
Investment Description
Contact Information
No contact information was provided at the time of disclosure.