Turkish financial institutions have historically been reluctant to offer energy efficiency financing products to SMEs because of higher transaction costs and higher risk. See how a CTF and IFC leasing, not lending, model is changing that.
The $5.8 billion Clean Technology Fund is empowering transformation in developing and emerging economies. Watch the animation to see how CTF works.
Sometimes you need to drill downward to move forward. Turkey is tapping its geothermal heat under the earth’s surface to get it over the line when it comes to meeting its targets for renewable energy generation.
Across Zambia, women are taking action to tackle pressing issues that were caused by climate change. In Nalolo district, for example, the clearing of canals has opened up hectares of land that residents can now use to farm cassava and maize.
Brazil and Mozambique are both countries under the Forest Investment Program. They share similar types of forests – the Miombo in Mozambique and the Cerrado in Brazil – and a common challenge: how to ensure forests contribute to rural livelihoods.
In Mexico, about 11 million people depend on forest resources. The CIF’s Forest Investment Program is empowering Mexico’s forest communities to mitigate and adapt to climate change. FIP resources are enabling innovation and transformational change throughout Mexico, as well as social and economic development in the country’s forest communities.
The Noor Concentrated Solar Power (CSP) complex is Morocco’s first utility-scale solar energy complex and serves as a critical step of the Moroccan Solar Energy Program.
CARBON EXPO MAY 2015: HOW TO LEVERAGE TO REACH YOUR INVESTMENT GOALS: PRESIDENT AND CEO OF THE INTERNATIONAL COMPANY FOR WATER AND POWER PROJECTS (ACWA POWER): Leveraging concessional finance to bring down costs of investments in concentrated solar power: Experience with Morocco’s Noor CSP project. Paddy is owner and operator of 18,000 MW power generation and 2.45Mm³/day desalinated water production plants valued at US$ 27.5 billion and operating in 14 countries. He is an engineer with 30 years of experience and has served ACWA Power from its start-up in 2005 to where it is today. While ACWA Power is technology neutral and fuel agnostic, it is a cost leader in renewable energy.
CARBON EXPO MAY 2015: HOW TO LEVERAGE TO REACH YOUR INVESTMENT GOALS, MANAGER, LEVERAGE FINANCE, PROJECT AND ACQUISITION FINANCE, GARANTI BANK, TURKEY: Leveraging CIF resources for financial intermediation in promoting energy efficiency. Simten has nine years banking experience and oversees the entire process of multi-billion dollar deals from origination to structuring, documentation, and execution. Her expertise lies in leverage finance, privatization, and greenfield project financing across a range of sectors including telecom, education, shipping, health, and energy.
CARBON EXPO MAY 2015: HOW TO LEVERAGE TO REACH YOUR INVESTMENT GOALS, DIRECTOR OF SUSTAINABLE PROJECTS, NACIONAL FINANCIERA (NAFINSA), MEXICO : The promise of an innovative risk sharing facility for geothermal investments: Example from Mexico. Enrique has over 25 years of experience in international corporate and project finance, specializing in environmental, infrastructure, and venture capital at Nacional Financiera, Mexico’s national development bank. In his current role, he specializes in finance for renewable energy projects and has participated in financing projects for more than 2,900 MW in Mexico.