At a glance
- The construction equity is approved for a project that is not yet operating.
- The construction-equity slice is 60% of the $140 million and 1.5 times the SDG Namibia One allocation.
- For fund selectors assessing Climate Investor Three, the key term is where the $84 million sits in the capital stack and whether it absorbs cost overruns before private commitments.
The Green Climate Fund approved $140 million for Climate Fund Managers' Climate Investor Three, including $84 million of construction equity for green hydrogen developer SA-H2.
The construction equity is approved for a project that is not yet operating.
The construction-equity slice is 60% of the $140 million and 1.5 times the SDG Namibia One allocation. The approval also allocates $56 million to SDG Namibia One, giving the package a second southern African allocation. Terms of the $84 million tranche, including seniority and repayment, were not disclosed.
For fund selectors assessing Climate Investor Three, the key term is where the $84 million sits in the capital stack and whether it absorbs cost overruns before private commitments.
Construction equity is 60% of the GCF package
Share of the approved $140 million, split between SA-H2 and SDG Namibia One
- SA-H2 construction equity ($84M)60%60%
- SDG Namibia One ($56M)40%40%
Show as table
| Part | Value | Share |
|---|---|---|
| SA-H2 construction equity ($84M) | 60% | 60% |
| SDG Namibia One ($56M) | 40% | 40% |
Reported by The Wrap desk from Green Climate Fund approval, week coverage. Published . Corrections
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