Clean energy for the people of Nepal
15 February 2008 - Triodos Renewable Energy for Development Fund invests in Clean Energy Development Bank Nepal (CEDB) in Nepal.
Clean energy is a niche that was not serviced before by the financial sector in Nepal. Clean Energy Development Bank was, for that reason, set up in 2006 to finance opportunities in the energy sector. CEDB focuses on renewable energy technology, clean energy infrastructure projects, clean transport and rural electrification with the aim to strengthen the economic standard of the nation.
Triodos Renewable Energy for Development Fund has become a shareholder in CEDB by participating for 50% in FMO’s shareholding in CEDB.
About Triodos Renewable Energy for Development Fund
Triodos Renewable Energy for Development Fund is part of Triodos Group; an innovator and first mover in the renewable energy sector. The group made its first investments in the renewable energy sector in 1986 and has currently EUR 700 million total funds under management and committed in renewable energy. Triodos Renewable Energy for Development Fund aims to contribute to the expansion of clean energy services in developing countries.
About FMO
The Netherlands Development Finance Company (FMO) is the international development bank of the Netherlands. FMO invests risk capital in companies and financial institutions in developing countries. FMO's investment portfolio is EUR 3.4 billion, making it is one of the largest bilateral development banks worldwide.
For more information on Clean Energy Development Bank: www.cedbl.com
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