Developer

FMO Entrepreneurial Development Bank

www.fmo.nl

Total capacity of implemented projects

up to 10 MW

Countries of projects presence

0

FMO Entrepreneurial Development Bank is a Dutch development bank that operates in the renewable energy sector, particularly in wind energy. Established in 1970, FMO has been a pioneer in financing sustainable projects in developing countries. The bank has a mission to support private sector growth in emerging markets by providing long-term financing and advisory services to entrepreneurs and businesses. FMO has a strong focus on environmental and social sustainability, and it has been recognized as a leading impact investor in the world.

FMO's focus on renewable energy is driven by the need to reduce greenhouse gas emissions and mitigate climate change. The bank has been actively involved in financing renewable energy projects in developing countries, including wind energy projects. FMO's wind energy projects aim to increase the share of renewable energy in the energy mix of developing countries, reduce dependence on fossil fuels, and create sustainable economic growth.

FMO's approach to wind energy project development is based on collaboration with local partners and stakeholders. The bank works closely with project developers, governments, and local communities to ensure that wind energy projects are socially and environmentally sustainable. FMO's wind energy projects are designed to have a positive impact on the local communities, including job creation, skills development, and access to clean energy.

FMO's wind energy projects are typically located in areas with high wind potential, such as coastal regions and high-altitude areas. The bank provides long-term financing for the construction and operation of wind farms, which includes the purchase of wind turbines, installation, and grid connection. FMO also provides technical assistance and advisory services to project developers to ensure that wind energy projects are designed and implemented in a sustainable manner.

One of FMO's flagship wind energy projects is the Lake Turkana Wind Power Project in Kenya. The project is the largest wind farm in Africa, with a capacity of 310 MW. The project is located in a remote area in northern Kenya, where there is a high potential for wind energy. FMO provided long-term financing for the project, which enabled the construction of 365 wind turbines and the installation of a high-voltage transmission line to connect the wind farm to the national grid. The project has created over 2,500 jobs during the construction phase and has provided clean energy to over one million people in Kenya.

Another example of FMO's wind energy project is the Ventus Wind Park in Uruguay. The project is a 70 MW wind farm located in the Cerro Largo department in northeastern Uruguay. FMO provided long-term financing for the project, which enabled the construction of 35 wind turbines and the installation of a substation and a transmission line to connect the wind farm to the national grid. The project has created over 200 jobs during the construction phase and has provided clean energy to over 150,000 households in Uruguay.

FMO's wind energy projects have a significant impact on the environment by reducing greenhouse gas emissions and mitigating climate change. The bank's wind energy projects have helped to avoid the emission of millions of tons of CO2, which is equivalent to taking hundreds of thousands of cars off the road. FMO's wind energy projects have also contributed to the development of the renewable energy sector in developing countries, which has created new opportunities for businesses and entrepreneurs.

FMO's wind energy projects have a positive impact on local communities by creating jobs and promoting economic development. The bank's wind energy projects have created thousands of jobs during the construction phase and have provided long-term employment opportunities for local communities. FMO's wind energy projects have also contributed to the development of local skills and expertise in the renewable energy sector, which has created new opportunities for businesses and entrepreneurs.

FMO's wind energy projects have a strong focus on social sustainability, which is based on collaboration with local communities and stakeholders. The bank works closely with local communities to ensure that wind energy projects are designed and implemented in a socially responsible manner. FMO's wind energy projects have also contributed to the development of local infrastructure, including roads, schools, and healthcare facilities.

FMO's wind energy projects have a strong focus on environmental sustainability, which is based on the use of renewable energy sources and the reduction of greenhouse gas emissions. The bank's wind energy projects have helped to reduce the dependence on fossil fuels and promote the use of clean energy. FMO's wind energy projects have also contributed to the protection of biodiversity and the preservation of natural resources.

In conclusion, FMO Entrepreneurial Development Bank is a leading development bank that operates in the renewable energy sector, particularly in wind energy. The bank's wind energy projects have a significant impact on the environment, local communities, and the renewable energy sector in developing countries. FMO's approach to wind energy project development is based on collaboration with local partners and stakeholders, which ensures that wind energy projects are socially and environmentally sustainable. FMO's wind energy projects have helped to reduce greenhouse gas emissions, promote economic development, and create new opportunities for businesses and entrepreneurs.