Another trusted partner - the Dutch development bank FMO – acts as a lead finance arranger for the project. Financing partners include BIO, DEG, GuarantCo and local Nepalese banks.
Triodos Green Fund participates with USD 6.0m in a long-term senior loan with FMO. Senior investment manager Gerrit-Jan Brunink: “Apart from the technical aspects and impact, this is a great example of cross-department collaboration within TIM; in this case between Emerging Markets and Energy & Climate.”
In impact this investment contributes to the reduction of 352 tons of CO2 emission. Its installed capacity of 82 MW produces 445 GWh per year, providing 3 million people with green power.