📋 Tender Overview
Project duration
01.12.2017 - 01.06.2037
Project locations
Zimbabwe
Overall budget
€700 000 000
EU contribution
€40 000 000
1750% of the overall budget
Climate Investor One (CI1) is a cutting-edge blended finance facility, funded by a number of high-profile donors and investors including the EU. The facility targets the development, construction and operations of renewable energy projects in emerging markets, with a focus on long-term sustainability and accelerating the green energy transition.
CI1 is managed by Climate Fund Managers (CFM), established in 2015 with a vision to launch and manage a series of financing facilities each targeting key thematic areas of climate change mitigation and adaptation. CFM is jointly owned by the Dutch Entrepreneurial Bank, FMO, and Sanlam InfraWorks, part of the Sanlam Group of South Africa. CFM is committed to responsible investment, ensuring each project is aligned with community needs via a community development programme, and following the highest international environmental and social standards including those issued by the International Finance Corporation, International Labour Organisation, and the United Nations.
High Impact
In total CI1 is estimated to build ~30 renewable energy projects, with a total projected capacity of ~1,700 MW.
Over the lifetime of the CI1 facility, it is expected to achieve the following impact:
Electricity Generated Per Annum: ~5,100 GWh
GHG or equivalent emissions avoided per annum: ~1.9 million tons of CO2
Number of People Served: ~13 million
Private sector funds catalyzed at construction phase: ~2.5+ Billion USD
Jobs Created: 10,000+
