Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Jordan
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)
Status: Active
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: 2016-07-08
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: Catalyst Investment Management
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 Amount (USD): $ 13.00 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: 2018-04-09
CATALYST MENA CLEAN ENERGY FUND LP
FMO-48123

Project Description

WHO IS OUR CLIENT

Catalyst MENA Clean Energy Fund (Catalyst) is a private equity fund investing in renewable energy assets in Jordan/MENA region. Catalyst is managed by Catalyst Investment Management and has reached a first close size of USD35 million in 2016, funded by development finance institutions.

FUNDING OBJECTIVE

Catalyst seeks to invest in late stage development renewable energy assets using proven technologies supported by local renewable energy legislation and commercial market drivers, to subsequently take these projects through construction and into operations. Catalyst will primarily invest in solar energy in the MENA region, with a primary focus on Jordan.

WHY WE FUND THIS PROJECT

By investing in Catalyst, FMO seeks to address the market need for energy in Jordan/MENA region in a sustainable and responsible manner, by increased production of clean energy.

Investment Description
Contact Information

FMO
South Africa
+27 11 507 2500
joburg-office@fmo.nl

 

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism.

Bank Documents