Interact Climate Change Facility (ICCF)
Region and country of operations: International
Jurisdiction of registration: Luxembourg
Business sector: Climate financing
Date of agreement (month/year): 5/2020
Instrument: Loan
Finnfund’s financing: EUR 15,000,000
Share of Finnfund’s financing: 4%
Size of project/financing: EUR 426,900,000
Environmental and social category: FI-A
Project description
ICCF finances renewable energy and energy efficiency projects in the private sector in developing countries and emerging markets. ICCF is 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 fifth round of financing via ICCF. 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.