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.
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.