In Short – BII and FMO team up to offer a combined US$50 million financing facility to support BECIS in the commercial and industrial renewables sector across South-East Asia. This collaboration underscores their commitment to fostering sustainable energy initiatives and driving the growth of renewable projects in the region’s commercial and industrial segments. In Details […]
FMO, CDC Group, Swedfund, And IFC Participate In First Close Of Nepal-focused Dolma Impact Fund II
The timing is important as COVID cases rise in Nepal, following the trend in India. Dolma II’s target sectors will directly address capacity constraints in healthcare and enable digital solutions to scale rapidly that will be vital both during and following the pandemic. Dolma Fund Management announces the first close of Dolma Impact Fund II […]
Acumen, FMO and Trine invest $5m in Easy Solar
Acumen and FMO have led a $3m Series A Equity round in Easy Solar, a solar company in West Africa. In addition, the company has received a $2m debt facility from investment platform Trine. Easy Solar is an innovative distribution company making energy and financial services affordable and accessible for those with limited access to […]
FMO to invest more in Shell-backed solar power firm Orb Energy
Dutch development bank FMO has proposed an additional equity investment of €1 million ($1.11 million or Rs 7.91 crore) in Orb Energy Pte. Ltd, a solar photovoltaic and solar thermal solutions provider. FMO said in a disclosure it intends to purchase the equity stake from an early-stage impact investor in Orb. This will give FMO […]
EIB agrees to finance construction and operation of new solar plants in Kenya
The new Radiant and Eldosol projects are amongst the first to generate utility-scale solar power in East Africa. The European Investment Bank and FMO, the Dutch entrepreneurial development bank, have agreed to finance the construction and operation of two new solar photovoltaic plants in Kenya. EIB and FMO will each provide USD 53 million for […]
Srei Equipment gets USD 30 million from Netherland bank
Srei Equipment Finance Ltd on Thursday said it has received credit approval worth USD 30 million from FMO, a Netherlands-based development finance bank. “The loan will be fully dedicated to re-financing of green activities of Srei Equipment, primarily through the financing or leasing of equipment used for solar and wind projects,” the company said in […]
Dutch development bank FMO plans debt investment in Srei Infrastructure unit
FMO, the Netherlands’ development finance company, plans to make a debt investment of $30 million (Rs 209 crore) in Kolkata-based Srei Equipment Finance Ltd (SEFL), a wholly owned unit of Srei Infrastructure Finance Ltd. SEFL would use the entire loan for refinancing in the renewable energy segment, FMO said in a disclosure. The company would […]