Swiss Investment Fund
for Emerging Markets

Portfolio Explorer

Our impactful investments covering a broad range of countries and sectors.

Portfolio Explorer

Our impactful investments covering a broad range of countries and sectors.

Interact Climate Change Facility (top-up 4)
The Interact Climate Change Facility (ICCF) is a joint investment facility for financing climate change and climate efficiency projects in developing countries. It is backed by most of the European Development Finance Institutions (EDFIs), to which SIFEM belongs.
Investment Strategy
ICCF provides long-term loans, guarantees and mezzanine finance of up to EUR 45 m to private sector projects that reduce climate change by cutting greenhouse gas emissions. ICCF backs projects promoted by individual EDFIs, financing up to 75% of the total investment needs. It builds on the successful track record of co-operation and co-investment between EDFIs in African, Caribbean, and Pacific countries, as well as in numerous individual projects. It allows SIFEM and its European sister institutions faster and more reliable access to co-investments, thus enabling them to close deals more efficiently and to expand the scarce supply of long-term finance for climate change projects in developing countries.
Development rationale
Projects financed by ICCF include businesses building renewable energy plants, clean energy distribution infrastructure, energy efficiency technology or transport projects that cut emissions from road and air travel. ICCF promotes the use of clean technology as an integral part of sustainable economic development. It also acts directly in the poorest countries, which are most exposed to the harmful effects of climate change and where the energy shortage is greatest. Since inception, ICCF has invested in some 24 projects in Africa, Asia, Central America, and Southeast Europe. Most of the portfolio is invested in wind power, followed by solar power and energy efficiency projects.
Investment rationale
SIFEM has already committed a total of EUR 25 million to ICCF in three instalments, out of which EUR 20.9 million have been committed or disbursed to projects. This new contribution of EUR 15 million (USD 18.4 m) represents the fourth top-up by SIFEM.
Investments by the Fund (as of 2023-12)
Name Year Country Industry Status
GreenYellow 2021 Burkina Faso Renewable energy production and supply Active
Kodeni Solar 2021 Burkina Faso Renewable energy production and supply Active
Risen Energy Battambang 2020 Cambodia Renewable energy production and supply Active
Syvash 2019 Ukraine Renewable energy production and supply Active
La Puna Solar 2019 Argentina Renewable energy production and supply Active
Malaspina 2019 Argentina Renewable energy production and supply Active
Selenkei Investments 2018 Kenya Renewable energy production and supply Active
Cedate 2018 Kenya Renewable energy production and supply Active
RaSolar 2018 Egypt, Arab Rep. Renewable energy production and supply Active
TBCC 2017 Pakistan Renewable energy production and supply Active
Andean Power Generation 2016 Peru Renewable energy production and supply Active
Africa EMS Nyamwamba 2015 Uganda Renewable energy production and supply Active
EMS Africa Mpanga 2015 Uganda Renewable energy production and supply Active
Krnovo 2015 Montenegro Renewable energy production and supply Active
BankPozitif 2015 Türkiye Banking Active
Terra Solar (MECER & GENERSA) 2015 Honduras Renewable energy production and supply Active
Lake Turkana Wind Power 2014 Kenya Renewable energy production and supply Active
Eolos 2 2014 Türkiye Renewable energy production and supply Active
Vientos de Electrotecnia (VESA) 2013 Honduras Renewable energy production and supply Active
Azito Energie 2013 Côte d'Ivoire Renewable energy production and supply Active
Reliance Power (Rajastan Sun) 2012 India Renewable energy production and supply Active
Takoradi International (TICO) 2012 Ghana Renewable energy production and supply Active
Eolos 2012 Türkiye Renewable energy production and supply Active
Clean Energy (Mongolia) 2012 Mongolia Renewable energy production and supply Active
Note: Countries with an * are countries from which services are provided in emerging and developing countries. Please refer to our Data Taxonomy page for details on the nature and quality of the information we publish.
Reference code
20-074
Status
Active
Date of commitment
2020-01
SIFEM commitment
EUR 15 million
Portfolio
Own balance sheet
Concessional finance
0%
Asset class
Private Debt
Type
Fund
ESG Risk Categories
Environmental & Social: -
Governance: -
Target region
African, Caribbean and Pacific Group
Target sectors
Energy EfficiencyRenewable Energy
Related Transactions
2011: Interact Climate Change Facility 2011: Interact Climate Change Facility
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