FINANCING SUSTAINABLE ENERGY AND DEVELOPMENT
OVER €2.5 BILLION COMMITTED IN THE LAST 10 YEARS FOR FINANCING THE FIGHT AGAINST CLIMATE CHANGE
GROWTH IN CLIMATE-RELATED COMMITMENTS* (€M) 1145
Since 2006, Proparco has been pursuing to an ambitious climate strategy and pledged 30% of its annual financing to climate mitigation projects. Proparco is among the most active Development Financial Institutions in the fight against climate change.
865
261
329 206
AFRICA: ONE OF OUR KEY FOCUSES
€400 MILLION
60
INVESTED IN CLIMATE PROJECTS IN AFRICA SINCE 2006
2006
2011
CLIMATE
2017
TOTAL PROPARCO COMMITMENTS
*Projects signed
Sustained growth in our private equity‘ investments: €76 MILLION
CLIMATE FINANCE HAS GROWN STEADILY OVER THE PAST 10 YEARS:
+ 31%* per year in climate-related commitments
8 GW of renewable energy financed Over
in companies and specialised funds since 2006
STEADY DEVELOPMENT OF FINANCIAL INTERMEDIATION: 24 DEDICATED CREDIT LINES, AUTHORISED SINCE 2006 (€802 MILLION)
BOOSTING OUR LEVERAGE
+€300 MILLION of additional financing raised from our partners since 2012
11 MILLION
TCO2 avoided * Average annual growth rate
Friendship Facility DEG/FMO/PRO
PROPARCO A CATALYST FOR CUSTOMER SOLUTIONS VOLTALIA
Independent producer of renewable energy (IPP) —
Small, fast-growing independent power producer (IPP) looking to raise funds on the capital markets.
“Catalyzer” of private sector investment.
Proparco was the cornerstone investor enabling the €170M capital raise for the IPP (quoted on Euronext Paris).
Clients willing to secure financing in a challenging macroeconomic context.
Major contribution to PPA bankability and to E&S action Plan
Financing a national renewable energy program on the largest international solar site (Benban 1.8 GW, 5 projects financed simultaneously for a total amount of US$136M).
Project sponsor willing to secure debt financing in the most straightforward and quick way possible.
Providing a “one-stop shop” financing solution.
Unlike multi-lateral institutions and IFIs, Proparco can finance up to 100% of a project’s debt requirements.
How to create a sustainable financing mechanism for banks to support long-term investments in green assets.
Channeling private institutional money to climate finance through capital markets.
The construction of a 290 km transmission line was too expensive to be financed by the private sector alone.
Proposing an innovative financing solution.
Combining private financing provided by Proparco with sovereign debt to build the transmission line.
Investors willing to develop off-grid energy projects with high impacts but highly risky at early stage.
Sharing risk with the European Union.
Proparco has set up a guarantee facility for its future equity investments, capped at €10M.
LATIN AMERICA, AFRICA
Solar FIT program
—
EGYPT
SENERGY Solar power plant — SENEGAL
BPC Green bond — MOROCCO
ITEZHI TEZHI Hydro project — ZAMBIA
Guarantees for off-grid projects — AFRICA
First green bond issuance in foreign currency in Morocco. Proparco’s first green bond investment in the region.
FINANCIAL OFFER AND SOLUTIONS
OUR SOLUTIONS
YOUR NEEDS
FINANCIAL OFFER
FINANCING MAJOR LONG-TERM PROJECTS WITH: A tight time frame Multiple lenders
Syndication or co-financing (debt or guarantees) Amount : €10M to €100M Maturity : 15 years and over Tailor-made transactions
SHARING THE RISKS OF A PROJECT
Subordinated debt, quasi and pure equity Amount: €5M – €20M Average period for return on investment: 7-10 years IRR target: min. 10% to 15%
FINANCING SMALL-SCALE PROJECTS
Dedicated lines of credit to some financial institutions Amount: €30M to €50M Maturity: 10 -12 years Equity participation in specialized investment funds Amount: €5M to €15M Average period for return on investment:10 -15 years
OUR SOLUTIONS
YOUR NEEDS
EXTRA-FINANCIAL OFFER
EARLY STAGE SUPPORT
ENHANCED ENVIRONMENTAL AND SOCIAL MANAGEMENT (E&S)
Technical Assistance Grants (reimbursable or non-reimbursable) Assistance support in implementing quality E&S procedures before getting certified E&S procedures for certification purposes
STAKEHOLDER NETWORKING
Expertise Investors Club AFD-Proparco conferences Private Sector & Development Blog blog.private-sector-and-development.com
Our main focuses
OVER 100 PROJECTS FUNDED
©Cobra
Across all renewable energy sectors since 2006
RENEWABLE ENERGY PRODUCTION Projects that aim to produce energy from renewable sources. WIND, SOLAR, HYDRO, BIOGAS, BIOMASS, ETC.
31%
ENERGY EFFICIENCY
OF CLIMATE COMMITMENTS
Projects that aim to reduce consumption of conventional energy.
€779M
©JJ Estrada Kingo Energy
BUILDING, INDUSTRIAL PROCESSES, TRANSPORT, ETC.
ACCESS TO ENERGY Projects providing energy access in remote regions. RURAL ELECTRIFICATION, OFF-GRID FINANCING FACILITY, ETC.
©I. Ezzerelli
LEGEND Solar
ADAPTATION
Hydro
Projects that aim to help populations adapt to climate change constraints.
Wind
TECHNOLOGIES THAT HELP TO REDUCE WATER CONSUMPTION OR ADAPT TO WATER STRESS.
Other energies Equity Financial intermediation
€2.5 BILLION commited
120
28
projects
countries
34%
OF CLIMATE COMMITMENTS
16%
OF CLIMATE COMMITMENTS
€835M
€393M
16%
OF CLIMATE COMMITMENTS
€400M
3%
OF CLIMATE COMMITMENTS MULTI-COUNTRY
€70M
DIVERSIFIED OPERATIONS 35% Solar
21% Hydro
31% Wind
29% 17%
Financial intermediation €707M
Energy efficiency €430M
13%
other energies
54%
Renewable energy €1,340M
A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS SAMPLE OF PROJECTS A SAMPLE OF PROJECTS RENEWABLES – WIND RENEWABLES – WIND RENEWABLES – WIND RENEWABLES – RENEWABLES – WIND WIND
RENEWABLES – ENEWABLES – WIND WIND EWABLES – WIND
A SAMPLE OF PROJECTS
EUR 15m
Polesine VESA 300 MW 54 MW 50 MW 50 MW 50 MW PenonomePenonome Kenya Pakistan Penonome 50 MW Uruguay 300 MW 54 MW HondurasPanama 50 MW 2014 2014 300 MW 50 MW 54 MW 2015 2013 2013 300 MW 186 MW 54 MW 36 MW 50 MW Pakistan Kenya Panama Pakistan 300 MW Senior Loan Senior LoanKenya Senior Loan Pakistan Panama Arranging Senior Loan Kenya 300 MW Panama Pakistan India 2015 Turkey Senior Loan EUR 50m USD 20m USD 18m 2014 2014 (Proparco/DEG/FMO) 2015 2014 2014 2015 USD 27m 2014 Kenya • 2014 USD 39m 2014 2015 2013 2012 & 2014
oan nior Loan m SD 20m
ne CSP CSP lar One W0 MW rica th Africa 2012
oan nior Loan 4m R 264m
Eolonica
RENEWABLES – SOLAR RENEWABLES – SOLAR RENEWABLES – SOLAR
36 MW Senior Loan Turkey USD 20m 2012 & 2014 EUR 41m Polesine 50 MW Uruguay 2013
50 MW Honduras 2013
Eurus
A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS
Penonome 54 MW Panama 2014
EUR 50m SOLAR RENEWABLES – WIND RENEWABLES – VESA
INR 825m
EUR 41m
Arr (Pr
EUR 20m
Arranging Senior Loan
Senior Loan
(Proparco/DEG/FMO) Eolonica Alisios USD 27m USD 39m 44 MW 30 MW 80 MW Al Rajef 2 projects of 44 MW Nicaragua Turkey Costa Rica 86 MW 67 MW 30 MW each 129 MW 2012 2010 2015 Nicaragua Jordan Jordan Senegal• 2012 Peru 2016 Senior Loan 2016 2016 Senior Loan Senior Loan 2015 Senior Loan USD 27m USD 27m EUR 12m USD 50m Arranging Senior Loan Senior Loan Arranging Senior Loans Arranging Senior Loan (Proparco/DEG) USD 35m (Proparco/BIO) (Proparco/DEG/FMO) USD 50m EUR 58m USD 29m
A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS RENEWABLES – SOLAR RENEWABLES – SOLAR RENEWABLES – SOLAR
S
SOLAR
Solar Home Systems Solar Home Systems
India India 378 MW 378 MW 2016India 2016 India 2013 & 2015 2013 & 2015 EquityEquity USD 1m USD 1m Equity Equity USD 18m USD 18m
Solar Home Systems Solar Home Systems
2015 50 MW 2015 50 MW Chile Chile 2013 Convertible & & Convertible 2013 EquityEquity EUR 1m EUR 1m Senior Loan Senior Loan USD 24m USD 24m
Off-grid Off-grid Guatemala 54 MW Guatemala Off-grid 54 MW 2016 2016 Chile Chile•2015 Guatemala 2016 2015 Bonds Convertible Convertible Bonds Convertible Bonds USD 2m USD 2m Senior Loan USD 2m Senior Loan USD 20m USD 20m
3 projects totalling 3 projects totalling 40 MW Khi Solar One CSP 40 MW Khi Solar One CSP 50 MW Jordan Jordan 50 MW 2014 South Africa 2014 50 MW2012 South Africa 2012 • 2012 SouthSenior Loans Africa Senior Loans USD 50m Senior Loan Senior Loan USD 50m Senior Loan ZAR 264m ZAR 264m ZAR 264m
Polesine VESA Eolonica 3 projects totalling Eurus 3 projects 3 projects totallingtotalling 2 Solar Home Systems 54 MW 378 MW 50 MW Solar Home Systems 3 projects totalling 54 MW 50 MW 44 MW 30 MW 378 MW 40 MW 250 MW 40 MW CSP Khi Solar One 3 projects totalling 2 projects totalling Polesine Solar Home Systems VESA Eolonica 2 projects totalling 54 MW 378 MW 3 projects totalling 40 MW 2 projects totalling Solar Home Systems 80 MW 54 MWHonduras 378 MW 2015 Chile Solar Home Systems India 40 MW 54 MW 2015 Uruguay 378 MW 80 MW Chile India Nicaragua Turkey Jordan 50 MW 50 MW 40 MW 340 MW projects 2 projects Solar Home Systems Mexico 50 MWChile Jordan Solar Home Systems 50 MW 3 projects totalling 54 MW 2 projects 378 MW 50 MW 44 MW 50 MW 2015 India totalling Jordan 50 MW Salvador 3 projects totalling Chile 2 projects 20152015 2013 & 2015 2015 Chile20152015 2013 & 2015 Jordan Solar Home Systems Jordan 2014 totalling India SalvadorIndia 2012 2010 2014 201050Chile South Africa 40 MW Honduras Uruguay Chile2013 Honduras Nicaragua Honduras 2015 India 2013 & 2015 50 MW 80 MW 378 MW MW 40 MW 50 MW Multicountry •2013 2015 Jordan 2014 Solar Home Systems Honduras 2016 40 MW2013 & 2015 2015 Convertible & & 2013 & 2015 2015 Convertible 50 MW 2014 2016 2015 2013 2014 2014 & 2016 2013 2013 Jordan 20122012 2014 & 2016 2015 Convertible & 2013 & 2015 Honduras 2014 2015 Arranging Senior Loan 2014 & 2016 Salvador • 2016 India2014 • 2013 & Senior Loan 2015 Honduras Convertible Chile • 2013 Jordan •Equity 2014 Honduras • Senior Loan 2014 & 2016 Equity Jordan Convertibleloan & Equity Senior Loan Convertible & Equity Senior Loans Senior Loan Senior Loan Senior Loans Senior Loan Equity Convertible & 2014 & 2016(Proparco/DEG/FMO) Senior Loan Equity Senior Loans EUR 1m 2014 Equity Senior Loan Senior Loan EUR 1m USD 20m Equity USD 18m Senior Loan 2014 & 2016 USD 20m Equity & Equity Equity Senior Loan Senior Loan Senior Loans Senior LoansSenior LoansArranging Senior Loan USD 18mSenior Loans Convertible & USD 50m Equity Senior Loan Senior Loans USD 50m USD 27m USD 27m EUR 12m Senior Loan Senior Loan EUR 1m USD 35m Senior Loans Equity Senior Loan Senior Loan USD 20m USD 18m Senior Loan USD 39m Equity USD 50m Convertible & Senior Loans (Proparco/DEG/FMO) USD 30m EUR 1m EUR 1m Senior Loans USD 20m USD 20m USD 18m Equity USD 18m USD 30m USD 50m ZAR 264m USD 24m USD 50m Senior Loans EUR 1m USD 30m USD 18m USD 24m USD 50m 29m USD 29m USD 29mUSD USD 27m EUR 1m 2 USD 27m Senior Loans USD 20m USD 18m Senior Loans Equity USD 50m USD 39m USD 29m EUR 1m Senior Loans USD 50m USD 29m EUR 1m USD 50m USD 29m
2 projects totalling 2 projects totalling 50 MW 50 MW 50 MW 50 MW 40 MW Chile Honduras Honduras Chile 40 MW Peru 2013 2014 & 2016 2014 & 2016 402011 MW 2013 Peru 2011 Peru • 2011 Senior Loan Senior Loans Senior Loans Senior Loan Mezzanine Mezzanine USD 24m USD 29m USD 29m Mezzanine USD 7m USD 24m USD 7m USD 7m
Khi Solar One CSP Khi Solar One CSP 50 MW 50 MW Chile50 MW South Africa South Africa 2013 2012 2012
Khi Solar One CSP 50 MW 40 MW 40 MW South Africa Peru 20122011Peru 2011
40 MW Peru 2011
A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS Senior Loan Senior Loan Mezzanine Senior Loan A SAMPLE OF PROJECTSA SAMPLE OF PROJECTS Mezzanine Senior Loan ZAR 264m USD 24m HYDROPOWER HYDROPOWER USD 7m ZAR 264m HYDROPOWER HYDROPOWER
40 MW 40 MW Peru Peru 2011 2011 Mezzanine Mezzanine USD 7m USD 7m
HYDROPOWERZAR 264m HYDROPOWER
USD 15m
Senior Loan Senior Loan Senior Loan USD 24m USD 24m Mezzanine USD 24m USD 7m
USD 7m
Khi Solar One CSP CSP Khi Solar One Khi Solar One CSP 50 MW 50 MW 50 MW South Africa South Africa South Africa 2012 2012 2012
40 MW 40 MW 40 MW PeruPeru Peru 2011 2011 2011
Senior Loan Senior Loan Senior Loan ZAR 264m ZAR 264m ZAR 264m
Mezzanine Mezzanine Mezzanine USD 7m USD 7m USD 7m
3
3
3
A SAMPLE OF PROJECTS
3
LOGO LOGO LOGO LOGO LOGO LOGO Copperbelt energy Copperbelt energy Copperbelt energy16 MW Copperbelt energy 16 MW 120 MW 20 MW Copperbelt energy 54 MW 20 MW 120 MW 54 MW 20 MW Copperbelt16 MW energy 120 MW 54 MW corporation 120 MW corporation 54 MW 16 MW 120 MW 54 MW 120 MW 54 MW 20 MW corporation Kenya Kenya Zambia corporation Panama corporation Zambia Brazil Brazil Panama corporation 16 MWKenya 120 MWPanama 54 MW Zambia27 MW Brazil ZambiaZambia Zambia Brazil Kenya Zambia Brazil Zambia Brazil Panama Zambia 2015 2015 2014 2014 2012 2013 2013 2012 2012 Zambia Zambia Zambia 2014 2013 2014 2014 Zambia 2014 Brazil • 2013 2013 Georgia • 2017 20152015 2013 2014 2014 2013 •2014 2012 Zambia • 2014 2014 Kenya • 2015 2014 20142014 Senior Loans Senior Loan Loan Senior Loan Senior Loan Senior Loans 3 3 Senior Senior Loans Senior Loan Senior Loan Senior LoanSenior Loan Senior Loan Senior Loan EquityEquity Senior Loans Senior Loan Senior Loan Equity Senior Loans Senior Loan Senior Loan Equity USD 20m USD 15m USD 36m EUR 30m USD 7.5m Senior Loans USD 20m USD 15m USD 36m Senior Loans EUR 30m USD 7.5m Senior Loan Senior Loan Senior Loan Senior Loan USD 20m USD 36m EUR 30m USD 8.6m Senior Loan USD 20m USD 15mSenior Loan USD 36m EUR 30m USD 7.5m USD 20m USD 36m EUR 30mUSD 36m 20m20m USD 15m EUR 30m USD 15m USD 36m USD 7.5m USDUSD EUR 30m
Hydrolea LLC
2 Projetcts 16 MWtotaling 16 MW 21 MW Kenya Kenya 2015• 2017 Uganda 2015 Unfunded risk participation Senior Loan Senior Loan USD 19m USD 15m
50 MW 50 MW 50 MW Chile Chile Chile 2013 2013 2013
BIOMASS
3
20 MW 20 MW 20 MW Panama Panama Panama • 2012 20122012
Equity
Equity USD 7.5m Equity USD 7.5m USD 7.5m
Nam Theun 2 Nam Theun 2 Hinboun Theun Hinboun Power Power Nam Theun 2 Theun Nam Theun 2 Theun Hinboun Power Power Company Power Company Company Theun Hinboun Power Power Company Company Nam Theun 2Capex Nam Theun 2 incl. cogen 53 MW cogen ZhongdaCapex Sanchuan Company incl. cogen 35MW cogen Power Company 250 MW 250 MW Theun Hinboun Power Theun Hinboun Power Company 250 MW 280 MW expansion 280 MW expansion Indonesia Power Company 1,070 MW Uganda Guatemala India Power Company 1,070 MW 149 MW Uganda 250 MW 149 MW Company CompanyIndia, Thailand & 280 MW expansion 1,070 MW Uganda 149 MW Lao PDR 280 MW expansion Lao PDR Indonesia 2011 2009 2012 Lao PDR 250 MW 2006 1,070 MW Uganda Lao PDR 250 MW Brazil 2006 149 MW Brazil 280 MW 58 MW Lao PDR 2009 Lao PDR 2006 2009 Brazil 280 MW expansion Lao PDR 280 MW expansion2013 2011 841,070 MW MW 78 MW Lao PDR 2011 Uganda 2006 Brazil 149 MW 149 MW 2009 149 1,070 Lao PDR MW (expansion) Panama • Uganda 2011 2005 2005 1,070 MW 250 MW 2005 2011MW 2009 Subordinated Lao PDRSenior Loan Senior Loan & 2006 Convertible Loan 2005 & Loan Arranging Senior Loan 2011 Arranging Senior Loan Lao PDR Pakistan • 2009Senior Loan China • Senior Loan 2006 Lao PDR Brazil Brazil Brazil • 2011 Lao PDR • 2005 LaoSenior Loan PDR • 2009 Senior2006 Loan Senior Loan Uganda • 2006 Senior Loan & Arranging USD 15m Mezzanine Senior Loan 20052005 USD 10m 2009 Mezzanine (Proparco/FMO/DEG) 2009 USD 14m EUR 9m Senior Loans (Proparco/FMO/DEG) Senior Loan & Senior Loans Arranging Senior Loan 20112011 Senior Loan Senior Loan USD 40m (Proparco/FMO/DEG) Senior Loans USD 30m Senior Loan & Mezzanine USD 30m Senior Loans Senior Loan Senior Loan Mezzanine Senior Loan &EUR 40m Mezzanine USD 60m USD 60m USD 40m EUR 40m Mezzanine ENERGY EFFICIENCY ENERGY EFFICIENCY Senior Loan (Proparco/FMO/DEG) ENERGY EFFICIENCY Senior Loans Arranging Senior Loan & Senior Loan & Arranging Senior Loan Arranging Senior Loan USD 30m USD 60m EUR 40m USD 40m USD 26m USD 10m USD 30m USD 60m USD 40m USD 35m EUR 40m EUR 40m USD 30m USD 40m USD 60m
A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS
Senior Loans Senior Loans EUR 40m EUR 40m
111 MW CCGT 111 MW CCGT 111 MW CCGT (expansion) (expansion) (expansion)
111 MW CCGT Côte d‘Ivoire Côte d‘Ivoire Côte d‘Ivoire (expansion) 201320132013 Ivory Coast • 2013 Senior Loan Senior Loan Senior Loan Senior Loan EUR 50m EUR 50m EUR 50m EUR 50m
139 MW CCGT 139 MW CCGT 139 MW CCGT (expansion) (expansion) (expansion) 139 MW CCGT Côte d‘Ivoire Côte d‘Ivoire Côte d‘Ivoire (expansion) 201220122012
Ivory Coast • 2012 Senior Loan Senior Loan Senior Loan Senior Loan USD 55m USD 55m USD 55m USD 55m
(Proparco/FMO/DEG) (Proparco/FMO/DEG) USD 40m USD 40m
Takoradi II II II Takoradi Takoradi 120 MW CCGT 120 MW CCGT 120 MW CCGT 110 MW CCGT 110 MW CCGT 110 MW CCGT (expansion) (expansion) (expansion) 110 MW CCGT 120 MW CCGT (expansion) (expansion) (expansion) Indonesia Indonesia Indonesia (expansion) (expansion) Ghana Ghana Ghana 201220122012 2012 Ghana • 2012 Arranging Arranging Indonesia • 2012 20122012 Senior Loan Senior Loan Arranging Senior Loan Senior Loan Senior Loan Senior Loan Senior Loan (Proparco/FMO/DEG) Arranging Senior Loan (Proparco/FMO/DEG) (Proparco/FMO/DEG) USD 20m USD 20m USD 20m USDUSD 27.5m USD 27.5m 27.5m USD 20m USD 27.5m
Green Bond EUR 35m
Senior Loan Senior Loan
USD 30m USD 30m GEOTHERMAL
Olkaria III & IV 64 MW geothermal 64MW Kenya Geothermal 2016, 2009
ARE Scale Up Renewable energy Scale Up Facility Biomass cogen Africa Indonesia • 2011 2016
Kenya • 2009 & 2016 Senior Loans Senior Loans USD 18m USD 18m 4
Senior Loan EU delegated funds EUR 12m USD 10m 4
25 MW cogen Kenya 2008 Senior Loan USD 35m
WASTE
36 MW geothermal 36 MW Nicaragua Geothermal 2010
Nicaragua • 2010
Senior Loan Senior Loan4 USD 19m USD 19m
Waste-to-Fertilizer Turkey 2016
4
Senior Loan EUR 18m
4 4
1,045 MW 1,045 MW 1,045 MW CCGT, HPPs, WPP CCGT, HPPs, WPP CCGT, HPPs, WPP Turkey Turkey Turkey 201120112011 Senior Loan Senior Loan Senior Loan Morocco • 2017 EUR 40m EUR 40m EUR 40m
Mezzanine Mezzanine
SCALE UP FACILITY USD 60m USD 60m
*Biomass, geothermal energy, off-grid, waste to energy, energy efficiency.
W 54 MW Chile 2015
USD 50m
Senior Loan USD 18m Senior Loan
2
HYDRO
oan nior Loan m SD 35m
USD 29m
300 MW 50 MW Kenya Senior Loan Pakistan • 2015 2014 USD 18m
Arranging Senior Loan (Proparco/DEG) Mezzanine USD 50m
Polesine VESAEolonica EolonicaEurus Eurus VESA Polesine Eurus Polesine Polesine EolonicaVESA EurusEolonica Polesine Polesine Polesine VESA Eolonica Eolonica VESAVESA 50 MW Eolonica VESA Eolonica Eurus Eurus Eurus Eurus 50 MW 50 MW 44 MW 44 MW 30 MW 250 MWPenonome 30 MW 30 MW 50 MW 50 MW 50 MW 44 MW50 MW 30 MW 50 MW 2 projects of 250 MW 250 MW44 MW 2 projects of 250 MW 50 MW 250 MW 50 MW 50 MW 50 MW 44 MW 30 MW 30 MW 50 MW 44 MW 30 MW 50 MW 44 MW44 MW 30 MW2 projects 250 MW 250 MW 250 MW of Uruguay Honduras Nicaragua Turkey 2 projects of Uruguay Mexico Honduras Nicaragua Turkey Uruguay Solar Home Systems Mexico Honduras Nicaragua Turkey Off-grid 2 projects of Solar Home Systems Mexico 67 MW 30 MW each Uruguay 300 MW 54 MW Honduras Nicaragua Turkey 67 MW 30 MW each 2 projects of 50 MWMexico Mexico 2 projects of 2 projects of 2 projects of Uruguay Uruguay Uruguay Solar Home Systems Honduras Nicaragua Turkey 186 MW Honduras Nicaragua Nicaragua Turkey Turkey Honduras Nicaragua Turkey 36 MW Off-grid Off-grid 67 MW Solar Home Systems 30 MW each Mexico Mexico Mexico 80 MW 2013 Off-grid 2013 2012 2010 67 MW 30 MW each 2013 2010 2013 2012 2010 Penonome 2013 Solar Home Systems 80 MW 2010 Panama 2013 2012 2010 Off-grid IndiaIndia 67 MW 2010 Solar Home Systems 30 MW each Guatemala 2013 Jordan Off-grid Senegal Guatemala Kenya 30 MW each Jordan 80 MW Pakistan20102010 67 MW Senegal 2 projects 54 MW 2013 2013 378 MW 2013 20132013 of 2012 20102010 2013 2013 2012 2010 India 2012 2012 2010 2010 Guatemala India 2010 2010 Turkey Jordan 32 MW 254 MW 67 MW Solar Home Systems 632010 MW each 65 2012 MW Senegal each 30 MW each Senegal India Salvador Guatemala 300 MW Jordan 54 MW 50 MW 2 projects of 2016 India Salvador 20162016 2016 20162016 Salvador IndiaGuatemala 2016 Jordan Senegal Solar Home Systems Guatemala 80 MW 2014 2016 Jordan Arranging Senior Loan 2014 Off-grid 2015 Senegal 67 MW 30 MW each Arranging Senior Loan Chile 20162013India Arranging Senior Loan 2016 Kenya 2016 2012 & 2014 2016• 2016 2016 2016 Arranging Senior Loan Solar Home Systems 2016 80 MW Senior Loan Senior Loan Senior Loan 2016 2016 Off-grid 67 MW Panama Senior Loan Pakistan 30 MW each Senior Loan Senior Loan Senior Loan Egypt • 2017 Brazil • 2017 Jordan • 2016 India • 2016 Egypt • 2017 Egypt • 2017 Senegal 2016 Arranging Senior Loan 2016 Arranging Senior Loan Senior Loan Senior Loan Senior Loan Senior Loan 2016 2016 2016 Arranging Senior Loan (Proparco/DEG/FMO) 2016 Senior Loan 2016 2016 2016 India 2016 Salvador Senior Loan Senior Loan Senior Loan (Proparco/DEG/FMO) Guatemala Jordan Senior Loan Senegal (Proparco/DEG/FMO) Senior Loan 2015 2013 & 2015 Senior Loan Senior Loan Senior Loan Senior Loan Senior Loan Senior Loan (Proparco/DEG/FMO) Senior Loan Senior Loan Senior Loan Senior Loan Senior Loan Senior Loan USD 27m EUR 12m Senior Loan Senior Loan IndiaUSD 27m 2014 Salvador 2014 USD 35m 2015 Guatemala (Proparco/DEG/FMO) USD 27m USD 27m EUR 12m (Proparco/DEG/FMO) Jordan Senegal Equity USD 35m USD 27m USD 27m EUR 12m (Proparco/DEG/FMO) Equity USD 39m USD 35m Senior Convertible Bonds 2016 Senior Loan 2016 USD 27m USD 27m EUR 12m Arranging Senior Loans Senior Loan Arranging Senior Loan Loan Equity Senior Loans Senior Loans Arranging Senior Loans USD 39m Convertible Bonds 2016 Senior Loan 2016 USD 35m Arranging Senior Loans 2016 USD 39m Senior Loan Senior Loan Senior Loan Equity USD 27m USD 27m EUR 12m USD 27m USD 27m EUR 12m USD 39m USD 35m USD 35m Convertible Bonds USD 27m USD 27m USD 27m EUR 12m EUR 12m Senior Loan Senior Loans Equity Equity 2016 USD 35m USD 35m Senior Loans 2016 Senior Loan 2016 USD 39m USD 39m 2016 Convertible Bonds 2016 Senior Loan 2 Arranging Senior Loans USD 39m USD 1m Equity Equity USD 2m 2Arranging USD 1m USD 35m (Proparco/BIO) Senior Loan USD 2m Convertible Bonds Convertible Bonds USD 35m (Proparco/BIO) Senior Loan Senior Loan Arranging Senior Loans Arranging EUR 50m USD 20m USD 18m Senior Loan Equity USD 25m EUR 90m USD 35m 22 Senior Loan USD 1m USD 56m USD 56m Senior Loans EUR 58m USD 2m USD 35m (Proparco/BIO) 2 2 INR 825m EUR 41m USD 1m USD 30m USD 2m Senior Loan 2 Convertible 2 USD 1m USD 35m Senior Loan Senior Loan (Proparco/BIO) USD 1m EUR 58m USD 30m Equity USD 30m USD 2m EUR 58m USD 35mUSD 1m USD 2m (Proparco/BIO) Senior Loan USD 35m (Proparco/BIO) Bonds Senior Loan Arranging Senior Loans USD 20m USD 18m EUR 58m Equity EUR 58m EUR 50m Senior Loan USD 20m USD 18m Bonds Senior Loan Arranging(Proparco/BIO) Senior Loans USD 1m EUR 58m USD 30m EUR 58m ConvertibleUSD 2m USD 35m USD 1m USD 30m USD 2m USD 35m (Proparco/BIO) EUR 58m EUR 58m
OTHER ENERGIES*
W 67 MW n Jordan 2016
EUR 50m EUR 20m
USD 20m
50 MW Pakistan 2015
PenonomePenonome Al Rajef 186 MW 36 MW Penonome 44 MW 30 MW 250 MW Penonome Polesine VESA India 300 MW Turkey 54 MW Krnovo Nicaragua Turkey Mexico 300 MW 54 MW 86 MW 36 MW 300 MW 54 MW 2013 186 MW 36 MW 2012 & 2014 36 MW 129 MW 186 MW 186 MW50 MW 36 MW 36 MW 2012 2010 2010 300 MW 54 MW 186 MW 36 MW 215 MW Kenya 72 MW Panama 186 MW 186 MW 186 MW 36 MW 36 MW 50 MW Kenya Panama India Turkey Jordan Kenya Panama India Turkey Peru India Equity Turkey Senior Loans 186 MW VESA 50 MW 50 MW Turkey •2010, 2012 Kenya Panama Uruguay India India Turkey Turkey Honduras Brasil 2014 Senior Loan Senior Loan Senior Loan Montenegro India India Turkey Turkey INR 825m EUR 41m2014 2014 2014 2013 2012 & 2014 2016 2014 20132014 2012 & 2014 USD 27m 2015 2012 & 2014 USD 35m 2014 2014 EUR 12m 2013 2012 & 2014 2013 215 MW 2012 & 2014 2013 2016 2015 • 2013 Honduras • 2013, 2017 2013 • 2013 & 2014 Kenya • 2014 20132013India 2013 Uruguay 2012 & 2014 2012 & 2014 2 Brasil Senior Loan Senior Loan Senior Loan Senior Loan Senior Loan Senior Senior Loan Senior Loan Senior Loan Equity Senior LoanSenior Loan Arranging Senior Loan Loan Senior Loan Senior Loans Senior Loan Arranging Senior Loan Equity Senior Loans Senior Loan Senior Loan Senior Loan Arranging Senior Loan Equity Senior Loan Senior Loan Senior Loans Senior Loan Senior Loan Equity Polesine Senior Loans VESA Eolonica Arranging Eurus Senior Loan Senior Loan 2016 Senior Loan Senior Loan Senior Loan Equity Senior Loan Senior Loans Senior Loan Equity Equity Senior Loans Senior Loans EUR 50m USD 20m USD 18m Equity Equity EUR 50m EUR 50m USD 20m Equity Mezzanine Senior Loans 50 MW Senior Loans 50 MW 30 MW 44 MW (Proparco/DEG/FMO) USD 20m USD 18m 250 MW INR 825m EUR 41m EUR 50m USD 20m USD 18m USD 18m INR 825m (Proparco/DEG) EUR 41m EUR 50m EUR 50m USD 20m USD 18m INR 825m INR 825m USD 95m USD 39m EUR 50m Honduras EUR 41m EUR 50m EUR 41m (Proparco/DEG/FMO) EUR 50m EUR 50m Uruguay USD 20m USD 18m USD 20m Turkey Nicaragua INR 825m USD 18m EUR 41m Mexico USD 27m INR 825m INR 825m EUR 41m EUR 41m EUR 15m INR 825m INR 825m EUR 41m EUR 41m EUR 20m USD 39m 2013 2013 2010 2012 2010 USD 50m USD 29m Equity Arranging Senior Loan Senior Loan Senior Loan Senior Loan Senior Loan (Proparco/DEG/FMO) EUR 15m USD 27m EUR 12m USD 27m USD 35m USD 39m
FINANCIAL INTERMEDIATION
Loan MO)
USD 18m USD 50m
Penonome
300 MW 50 MW 50 MW 50 MW Kenya Pakistan Pakistan Pakistan 2015 20142015 2015
RENEWABLES – SOLAR NEWABLES – SOLAR
S
Equity Arranging Senior Loan EUR 15m (Proparco/DEG/FMO) USD 29m
A SAMPLE OF PROJECTS A SAMPLE OF PROJECTS Senior Loans
RENEWABLES – WIND
A SAMPLE OF PROJECTS SAMPLE OF PROJECTS
n
Alisios 80 MW Costa Rica
Krnovo 72 MW Montenegro
Krnovo Al Rajef 72 MW 86 MW Jordan Montenegro 2016 2015
129 MW Peru 215 MW 2015 Brasil 2016
2015 2015 Al Rajef Al Rajef Al Rajef A SAMPLE OF PROJECTS Al Rajef Al Rajef Alisios AlisiosArranging Senior Loan Krnovo Krnovo Alisios Arranging86 MW Senior Loan Al Rajef Al Rajef Krnovo Alisios Alisios Krnovo Krnovo Senior Loan Alisios 86 MW Mezzanine Krnovo 86 MW Equity 129 MW 129 MW 215 MW 129 MW 86 MW (Proparco/DEG) RENEWABLES – 129 MW Alisios Alisios 80 MW (Proparco/DEG/FMO) 129 MW Krnovo 86 MW WIND Krnovo 215 MW 80 MW 215 MW EUR 15m 80 MW USD 50m 129 MW 72 MW EUR 20m 80 MW 72 MW 215 MW 86 MW 86 MW 72 MW 80 MWPenonome USD 50m 72 MW 72 MW 215 MW 129 MW 129 MW USD 29m 80 MW Jordan 72 MW Jordan Jordan Peru 215 MW 215 MW Jordan Peru Peru 80 MW 80 MW Peru 72 MW 72 MW 50 MW 215 MW 86 MW 129 MW 72 MW 80 MW Peru Jordan Brasil Costa Rica 54 MW Brasil 50 MW Brasil Montenegro Costa Rica Costa Rica Costa Rica Brasil Montenegro Montenegro Jordan Jordan Montenegro Costa Rica Montenegro Brasil PeruPeru 2016 Peru 2015 Costa Rica Montenegro 2016 20152015 2016 2016 Brasil 2015 Brasil2016 Costa Rica Costa Rica 2016 • 2017 Montenegro 2016 2015 2016Dominican 2015 Panama Pakistan 2015 2015 2015 Republic Brazil •2015 2016 2015 Montenegro Jordan• 2016 Peru • 2015 Montenegro • 2015 Rica • 2015 2016 2016 2015 2015 2016 2015 2015 Costa 2015 2016 2015 2015 2015 2016 2016 20152015 2015 2015 2015 2014 2015 Penonome Al Rajef Senior LoanArranging & Mezz.Senior Loan Equity Arranging Senior Loan Arranging Arranging SeniorSenior Loan Loan Mezzanine Senior Loan Alisios Arranging Senior Loan KrnovoArranging Senior Loan Senior Loan 300 MW Arranging Senior Loan 54 MW129 MW 50 MW86 MW Equity Arranging Senior Loan Arranging Senior Loan Arranging Arranging Senior Loan Arranging Senior Loan 186 MW 215 MW 36 MW 80 MW Senior Loan 72 MW Equity Arranging Senior Loan Mezzanine Equity Senior Loan Equity Senior Loan Senior Loan Arranging Senior Loan Arranging Senior Loan Mezzanine Jordan Senior Loan Mezzanine Mezzanine Kenya Mezzanine Panama Peru Pakistan Equity Arranging Senior Loan (Proparco/DEG) Arranging Senior Loan Senior Loan Brasil Mezzanine IndiaUSD Turkey Senior Loan (Proparco/DEG/FMO) Montenegro (Proparco/DEG) USD 17m(Proparco/DEG) 15m USD(Proparco/DEG) 136mCosta Rica 66m EUR 20m USD 50m Equity Equity (Proparco/DEG/FMO) 2016 EUR Senior Loan (Proparco/DEG/FMO) (Proparco/DEG/FMO) (Proparco/DEG/FMO) Mezzanine (Proparco/DEG) Mezzanine EUR 15m 2014 2014 2015 2015 (Proparco/DEG/FMO) USD 50m EUR 20m 2016 Senior Loan Senior Loan 2015 EUR 15m 2015 EUR 15m 2013USD 50m 2012 & 2014 USD 50m USD 50m (Proparco/DEG) EUR 20m USD 50m EUR 20m USD 50m EUR 20m EUR 20m EUR 15m EUR 15m (Proparco/DEG) (Proparco/DEG/FMO) USD 50m (Proparco/DEG/FMO) USD 50m EUR 20m USD 29m29m USD 50m USD 50m EUR 15m EUR 15m USD 29m EUR 20m USD 50m USD 50mUSD 20m USD 29m USD 29m USD USD 50m Equity EUR 20mUSD 18m Arranging Senior Loan Arranging Senior Loan USD 50m USD 50m Senior Loan Senior Loan Senior Loan Senior Loan Mezzanine USD USD 29m29m USD 29m Equity Senior Loans (Proparco/DEG) (Proparco/DEG/FMO)
Panama • 2017 Senior Credit Line USD 23m
Sri Lanka • 2017 Senior Credit Line EUR 20m
Turkey • 2017 Senior Credit Line USD 15m
UE FACILITIES
e
129 MW Peru 2015
WIND
Loan G)
Arranging Senior Loan (Proparco/DEG) USD 50m
Equity EUR 15m
Al Rajef 86 MW Jordan 2016
215 MW Brasil 2016
Al Rajef 86 MW Jordan 2016
215 MW Brasil 2016
6 6
6
Transferability & Convertibility Facility 2017 Subsidy program EUR 15m
Renewable Energy Scale Up Facility Africa • 2016 EU delegated funds EUR 21m
CONTACTS PROPARCO Regional offices
North & Southeast Asia BANGKOK Exchange Tower, Unit 3501-02, 35th floor 388 Sukhumvit Road, Klongtoey Bangkok 10110, Thailand afdbangkok@afd.fr PEKIN Proparco – French Development Agency Group (China Office) chenj@afd.fr South Asia DELHI 19 A Rajdoot Marg, Chanakya Puri New Delhi – 11021, India afdnewdelhi@afd.fr AFRICA West Africa ABIDJAN boulevard françois mitterrand 01 bp 1814 abidjan, côte d’ivoire proparcoabidjan@proparco.fr Central Africa DOUALA 96, rue flatters immeuble flatters, 2e étage, suite 201 bp 2283 douala, cameroun proparcodouala@proparco.fr
Southern Africa & Indian Ocean JOHANNESBURG Ballywoods Office Park, Ironwood House, 1st floor 29 Ballyclare Drive, Bryanston P.O. Box 130067, Bryanston 2021 South Africa proparcojohannesbourg@ afd.fr
LATIN AMERICA & THE CARIBBEAN
Nigeria LAGOS C/o Consulate General of France 1, Oyinkan Abayomi Drive Ikoyi, Lagos, Nigeria afdlagos@afd.fr
SANTO DOMINGO Av. Gustavo Mejía Ricart esq. Av. Abraham Lincoln, Torre Corporativo 2010, 2do piso, Local 201, Piantini, Santo Domingo viciniv@afd.fr
East Africa NAIROBI Top Plaza, 4th floor Kindaruma Road, Off Ngong Road P.O. BOX 45955 00100 Nairobi, Kenya afdnairobi@afd.fr North Africa CASABLANCA 15, avenue Mers-Sultan 20130 Casablanca, Maroc afdcasablanca@afd.fr
Central America & the Caribbean MEXICO Torre Omega, piso 5, Campos Eliseos n°345, Col. Chapultepec Polanco, 11560 México D.F., México afdmexico@afd.fr
South America SÃO PAULO Edificio Çiragan Office Alameda Ministro Rocha de Azevedo, 38 11° andar, conjunto 1103 01410-000, São Paulo, SP, Brasil afdsaopaulo@afd.fr
PARIS 151 Rue Saint-Honoré 75001 Paris, France THOMAS ELOY Head of Debt eloyt@proparco.fr ANNE-SOPHIE RAKOUTZ Head of Equity rakoutzas@proparco.fr EMMANUELLE MATZ Head of Energy and Infrastructure matze@proparco.fr GUILLAUME BARBEROUSSE Head of Financial Institutions and Inclusion barberousseg@proparco.fr DENIS SIREYJOL Head of Manufacturing, Agribusiness and Services sireyjold@proparco.fr
MIDDLE EAST Turkey & Middle East, Central Asia, Caucasia, Southeast Europe ISTANBUL Büyükdere Cad. Yapi Kredi Plaza C Blok, Levent, Istanbul afdistanbul@afd.fr
PROPARCO – a subsidiary of the Agence Française de Développement (AFD) dedicated to the private sector – has been supporting sustainable development for 40 years.
Conception/redaction: Proparco - January 2018
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