Renewable energies and energy efficiency

The climate is a core priority for Proparco. Proparco will earmark €2.BN by 2020 to projects that contribute to the fight against climate change.

To meet the challenge of climate change and ensure access to affordable, reliable and sustainable energy, our main focuses are projects that aim to produce energy from renewable sources and energy efficiency.

Since 2006, Proparco has commited over €2.5 billions for financing more than 100 projects in all renewable energy sectors. Proparco is among the most active Development Financial Institutions in the fight agains climate change.

Eolienne avec le coucher du soleil derrière
Our goal : 2bn earmarked for projects that contribute to the fight against climate change by 2020

Introduction

eolienne

Proparco, an institution committed to the fight against climate change

Climate change is a tangible reality. To deal with this threat, AFD Group and Proparco, have been pursuing an ambitious programme for the past decade. To this end we support private actors who are turning climate challenge into an opportunity. 

By 2020, Proparco aims to earmark €2bn to climate mitigation projects.

map

 

ICCF

Installation des panneaux solaires

Interact Climate Change Facility

Working with its European partners, Proparco has also helped create a facility dedicated to cofinancing renewable energy and energy efficiency projects led by the private sector in developing and emerging economies. This stands as one of the most successful lender collaboration accomplishments to date.

In total, 23 projects for an added value of 377 billion euros have been approved via ICCF in the second trimester of 2017.

Our main focuses

Eolienne avec le coucher du soleil derrière

RENEWABLE ENERGY PRODUCTION

Projects that aim to produce energy from renewable sources.

WIND, SOLAR, HYDRO, BIOGAS, BIOMASS, ETC.

ENERGY EFFICIENCY

Projects that aim to reduce consumption of conventional energy.

BUILDING, INDUSTRIAL PROCESSES, TRANSPORT, ETC.

ACCESS TO ENERGY

Projects providing energy access in remote regions.

RURAL ELECTRIFICATION, OFF-GRID FINANCING FACILITY, ETC.

ADAPTATION

Projects that aim to help populations adapt to climate change constraints.

TECHNOLOGIES THAT HELP TO REDUCE WATER CONSUMPTION OR ADAPT TO WATER STRESS.

European Partnership for Climate

Panneaux solaires de Providencia Solar

A European partnership to mobilise businesses and investors against climate change

Climate change is one of the major challenges of the 21st century. International Energy Agency (IEA) has calculated investment needs, to avoid global temperature increase of more than 2°C, at USD 590 billion annually for OECD countries and USD 769 billion for non-OECD countries by 2035.

Private actors will be key players in the transition to more eco-friendly economies, by developing projects that have a "climate benefit" such as renewable energy projects, e.g. wind farms or solar power plants, or other projects that contribute to the reduction of greenhouse gas (GHGs) emission.
To enable them to play their part as fully as possible, Proparco has stepped up for years its cooperation with its European counterparts (EDFI). Thanks to the partnerships, Proparco can take on larger-scale projects and mobilize greater financial resources.

Since 2009, their investments dedicated to climate change mitigation were quadrupled: from €517 million to €2,167 million for a cumulative total of 6,174 million.

Green Bonds

Using finance to promote climate solutions

Green bonds are a component of the fight against climate change in that they increase the funding available for low-carbon investment projects.

Green bonds clearly have the wind in their sales, with issuance in 2016 alone exceeding US$100bn, but they are still a rarity in emerging markets, not to mention developing economies.

That is why, in 2017 :

  • Proparco invested in the first green bond issuance by Banque Centrale Populaire (BCP), to promote sustainable, environment friendly projects in the country. Read more about this project
     
  • Proparco has invested US$100m in Amundi Planet – Emerging Green One. The fund’s brief is to invest in “green bonds” to be issued by financial institutions in emerging and developing countries over the next seven years. US$1.2bn have already been committed to this new fund, making it the largest green bond fund operating in those geographies. Find out more

Like Amundi, Proparco and AFD belong to Finance for Tomorrow, an initiative launched by Paris financial market participants with the aim of promoting sustainable finance in France and abroad.

Summary of Proparco's commitment to the development of Green Bonds prepared for the Green Bonds Asia Conference (June 2018)

€ 655 million
approved for projects with a positivie impact on climate change in 2017
1,6
teq CO2 will be avoided per year thanks to 16 climate projects in 2017
1 059
Megawatts (MW) of power capacity produced from renewable ernergy sources in 2017

But our goal is to go even further. Proparco will draw on its expertise in “climate” finance to scale up its financial commitments for projects with lower emissions (mitigation) and models which increase resilience to climate change (adaptation).

In order to continue to mobilize private sector funds for the fight against climate change, Proparco will support new initiatives, such as the creation of equity investment vehicles for renewable energies, and the development of a syndication capacity, or the allocation of loans in the climate sector.

Proparco will finance climate change adaptation projects in order to help its clients establish new practices: direct financing or via credit lines to banks, by encouraging banks and microfinance institutions to develop products to finance their clients’ adaptation to hese new situations (particularly in the agricultural sector).

Interactive map
This map is for illustrative purposes only and does not engage the responsibility of the AFD Group
Geography
Funding type
Antennas
Filters

Geography

Funding type

  • Equity investment
  • Guarantee
  • Loan
  • Technical Assistance

Antennas

Display local antennas

Filters

Launch search
See map of all projects

Download

Private Sector & Development

Scaling-up private sector climate finance

This twenty-second issue of Private Sector & Development investigates the private sector’s role in financing the energy transition, exploring pathways for achieving the expansion that is so crucial for our ...
Oct 2015
Private Sector & Development

Special issue: Independent power producers: a solution for Africa?

Demand for electricity in sub-Saharan Africa is growing fast – driven primarily by economic growth and by policies for widening access to electricity – and yet production capacity has developed very little ...
Mar 2017
Institutionnal publications

Financing sustainable energy and development

Since 2006, Proparco has been pursuing to an ambitious climate strategy and pledged 30% of its annual financing to climate mitigation projects. Proparco is among the most active Development Financial Institutions in ...
Feb 2018
Private Sector & Development

Special issue: Independent power producers: a solution for Africa?

Demand for electricity in sub-Saharan Africa is growing fast – driven primarily by economic growth and by policies for widening access to electricity – and yet production capacity has developed very little ...
Mar 2017
Private Sector & Development

Scaling-up private sector climate finance

This twenty-second issue of Private Sector & Development investigates the private sector’s role in financing the energy transition, exploring pathways for achieving the expansion that is so crucial for our ...
Oct 2015
Private Sector & Development

Private equity and clean energy: how to boost investments in emerging markets?

It is imperative to develop a low-carbon economy in order to meet two major challenges that our societies will be facing over the next decade: how to guarantee an energy ...
May 2010
Videos

Azure power - Support the development of new photovoltaic projects in India

Inderpreet Wadhwa, Founder and CEO of Azure Power, describes his company's commitment to develop new solar power plants in India.
Feb 2018
Videos

Simpa Networks - Develop access to electricity in rural India

Simpa is providing people in Uttar Pradesh (India) with access to electricity, by selling a prepaid service based on solar energy. Proparco's financing is allowing it to develop its activity ...
Feb 2018
Videos

Senergy, the largest solar power plant in Senegal / Immersion 360° PROPARCO

The Senergy photovoltaic power plant project combines the expertise of three French energy specialists: the Meridiam investment fund, the specialist solar energy constructor Solairedirect and Schneider Electric. In early 2016, Proparco ...
Sep 2017