REEF - The Renewable Energy and Energy Efficiency Fund

Fund profile

Origin of funds

IFC?

Goals/aims

The Renewable Energy and Energy Efficiency Fund (REEF) is an investment fund targeting renewable energy and energy efficiency projects in developing countries.

Main form of support

Loans and equity financing

Typical budget size

USD 1,000,000 and USD 100,000,000

Support type

Investment support

Countries of operation

Africa, Mexico and Latin America, the Caribbean, Asia, and Central and Eastern Europe

Main target groups

Industry, Government

General conditions

REEF will target investments below 50 Megawatts (MW) and small scale PV operations. These investments will most likely be in Solar Home System distribution and marketing companies or in grid-connected PV installations. PV investments will probably total less than 10% of REEF's total investments.

Relevant sectors include:

Low-impact Hydro
Wind
Solar/PV
Biomass
Geothermal
Energy Conservation and Efficiency

Geographic Focus: Emerging market countries worldwide eligible for IFC financing, including markets in Africa, Mexico and Latin America, the Caribbean, Asia, and Central and Eastern Europe.

Investment size: The REEF will consider investment in projects with total capitalization requirements of between $1,000,000 and $100,000,000.

Instruments: REEF's investments may take a variety of forms including common and preferred stock, partnership and limited liability company interests, and convertible or subordinated debt with equity warrants/options. REEF may also make loans to projects or project sponsors on a bridge or permanent basis. Equity transactions are typically structured so that the entrepreneur retains the majority of shares and/or management of the company.

Example projects

Contact details

Webpage: http://www.ifc.org/enviro/EPU/Renewable/REEF/reef.htm
Contact: Phil LaRocco
Email: phil@...

Sources

This profile, based on initial information contributed by Eco Ltd, was updated within the framework of the Sparknet project supported by the European Commission's Fifth Framework Programme.

Click here for the full list of donor, organisation, and project profiles from Sparknet.

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Page created: 12 March 2004; Last edited: 21 March 2004; Version: 1
Knowledge Bank text is available under the terms of the GNU Free Documentation License.

Pagename: REEF @HEDON: XWAA