Interact Climate Change Facility (ICCF)

Windmills on a green field

In brief

ICCF finances renewable energy and energy efficiency projects in the private sector in developing countries and emerging markets. ICCF was established to facilitate an efficient and fast-track process with low administrative overheads for co-financing between European DFIs, EIB, and AFD. Finnfund participates already in the fourth round of financing via ICCF. The track record of co-financing via this instrument is positive.

Main development impact

Creation of jobs, clean power, tax income to host countries, and benefits to local communities via CSR programs of underlying assets.

Investment details

Name: Interact Climate Change Facility (ICCF)
Project number: 80000077
Region: International
Country: International
Sector: Financial institution
Signing date (month/year): November 2016
Currency: EUR
Finnfund's financing (commitment): 20,000,000
Size of the project financing: EUR 287,900,000
Share of Finnfund's financing (%): 7 %
Status: Active
Website: https://www.edfi.eu/facility/iccf/

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Other investments

Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument
Interact Climate Change Facility S.A. I B International 2013
Interact Climate Change Facility (ICCF) International May 2020 EUR 15,000,000 Loan
Interact Climate Change Facility S.A. I International 2011
November

Key facts

Name:

Interact Climate Change Facility (ICCF)

Sector:

Financial institution

Region:

International

Country:

International

Currency:

EUR

Finnfund's financing (commitment):

20,000,000

Signing date (month/year):

November 2016

Last update:

May 2019