Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Georgia
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: A
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.
Borrower or Client: Schulze Global
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Construction
  • Energy
  • Hydropower
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 12.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD): $ 12.50 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: 2017-11-22
Disclosure Date: 2017-11-09
Caucasus Clean Energy I, L.P.
FMO-52342

Project Description
This project finances Schulze Global's Cacusus Clean Energy I Fund which plans to invest in approximately 10 small and medium-sized run-of-river hydropower plants in Georgia that each have an installed capacity of between approximately 10 MW and 20 MW, both operational and greenfield projects.
Investment Description
Private Actors
Schulze Global has established Caucasus Clean Energy I (CCEF) for the purpose of investing in a diversified portfolio of small and medium-sized hydropower plants in the country of Georgia. CCEF is managed by Schulze Georgia Global, backed by Schulze Global Investments. The sponsor, based in Singapore, has USD200m Assets Under Management and additional offices in Ethiopia, Mongolia and Georgia, among others. FMO previously invested in the Schulze Ethiopia Growth and Transformation Fund.
Contact Information
*No contacts available at time of disclosure*