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US – BRAZIL INDUSTRIAL ENERGY EFFICIENCY WORKSHOP Rio de Janeiro, Brazil August 2011

US – BRAZIL INDUSTRIAL ENERGY EFFICIENCY WORKSHOP Rio de Janeiro, Brazil August 2011. We create opportunity for people – to escape poverty and improve their lives. Introducing IFC. Established in 1956, most of our 3,354 staff work from about 100 offices in 86 countries.

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US – BRAZIL INDUSTRIAL ENERGY EFFICIENCY WORKSHOP Rio de Janeiro, Brazil August 2011

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  1. US – BRAZIL INDUSTRIAL ENERGY EFFICIENCY WORKSHOP Rio de Janeiro, Brazil August 2011

  2. We create opportunity for people – to escape poverty and improve their lives Introducing IFC • Established in 1956, most of our 3,354 staff work from about 100 offices in 86 countries. • We invest, advise, mobilize capital, and manage assets. • Committed portfolio for FY10: $38.9 billion; 1,656 firms. • Investments in FY10: $12.7 billion for IFC’s own account, $5.3 billion mobilized • Under management within the Asset Management Company: $4 billion. • Advisory expenditure for FY10: $286 million • IFC started formal environmental and social screening of its investments in the early nineties and became the acknowledged world leader on these issues when the Equator Principles were launched in 2004. • The biggest challenge to development today is climate change. While public policy is key, the private sector must also play a leading role. That is why Climate Business is a core priority for IFC

  3. IFC plans to double its commercial Climate Business investment by FY13 to $3.2 billion … In FY10 IFC invested $1.6 billion for its own account: 84 projects; total climate investment of $7.6 billion. • Infrastructure & Natural Resources finance on/off-grid renewable capacity; resource efficiency in power, transport & information and telecommunications; water • Manufacturing, Agribusiness & Services finance resource efficiency across sectors; climate industry equipment and supply chains; agribusiness and forestry • Financial Markets works through banks, leasing companies, funds and other intermediaries to finance small/medium investments • Clean Technology – investments in innovative, transferable, scalable climate technologies • Climate Financial Products & Funds to better serve companies and attract more capital across all sectors

  4. ... and increased mobilization will accelerate Climate Business investment growth. Advisory spend forecast to triple to $47 million by FY13 Mobilizaton FY

  5. How does IFC work with firms on Climate Business? • Commercial Equity, Debt and Mezzanine Finance • Renewable energy generation capacity • Resource efficiency investments • Climate industry equipment and supply chains • Carbon sequestration and avoided deforestation • Lenders • Climate Change Private Equity Funds • Cleantechgrowth capital • Carbon Finance • Concessional Finance • Advisory Services • Convening industry players for research / standard setting

  6. We combine innovation, mobilization and integration to scale our impact… Strategy, Metrics and Knowledge Management Innovation New tech and business models - venture capital Cleaner Production Facilities Carbon Delivery Guarantees Wholesaling through FIs Post 2012 Carbon Facility€150m Enabling environment Cleantech Innovation Transfer Fund Trade Finance Resource efficiency: TA and benchmarks Mobilization Standards Debt/Mezz Facility Risk assessment GEF, CTF Green Bond KfW CP3 Fund AS-IS Integration

  7. … for example, IFC can intervene in multiple ways in a sector like green buildings. Advisory Investments Building Codes Audits In-house advice Debt, Equity Cleaner Production Lending Facility (design, benchmarks) Banks Leasing ESCOS Green Mortgages TA to lenders Sector studies

  8. Project Example #1 – Glass Sector Client

  9. Project Example #2 – Mexico: Optima Energia

  10. Project Example #3 – Colombia: Cartones America (CAME) CPLP

  11. Project Example #4 – Brazil: Bauducco CPLP

  12. commercial finance Recent Renewable Capacity Investments Zhongda Hydro Lead Lender of US$375m financing May 2010 Hydro Wind China Bulgaria AES Kavarna Wind Mexico $52,000,000 Loan Project Financing US$23,200,000 Loan Project Financing Lender December 2008 Eurus Lender October 2009 $75,000,000 Sub Debt and Debt Solar Senegal Office National d’Electriciie Small Hydro Colombia $750,000 Equity Century Caruqia June 2009 Wind Chile $13,500,000 Subordinated Debt and Debt Biomass Solar Thailand India Lender May 2008 Norvind $30,750,000 Loan Project Financing Auro Mira Lead Lender of US$60.75m financing February 2009 Solar Power Company $3,100,000 Loan Project Financing US$1,700,000 Equity Lender December 2009 May 2010

  13. commercial finance Russia: Borets (energy efficient motors/pumps) $33m loan(*) Recent Investment in Resource Efficiency, Sustainable Energy Supply Chains and Sequestration Turkey: Trakya Cam (energy efficiency and solar glass) $55m loan China: Suntech(solar cells) $50mconvertible debt Ghana: Ashesi University (“green building” incl. biogas use) $0.2m loan(*) Philippines: Sunpower(solar cells) $75mloan Mexico: Optima Energia (hotel ESCO) US$10m loan India: VicatSagar (cement) $9m loan(*) Apollo Tires III (low rolling resistance tires and waste heat recovery) $30m loan Jain Irrigation (micro/drip irrigation systems) $60 million loans/equity Tanzania: Green Resources (biomass/plantation) $18m loan Note (*) financing for climate friendly project; was part of a larger total IFC investment

  14. commercial finance Climate Change and Sustainability Investments through Lenders to date Trade in Latin America • Network of over 600 clients • Total volume over $1.25 billion through over 40 lenders • Leverages over $2.5 billion • Supports SME EE and small renewable energy

  15. commercial finance IFC has invested $154 million in 8 Climate Change Funds China: China Environment Fund III,$15m East Asia: Asia Environment Partners, $25m Clean Resources Asia Growth Fund, $25m Asia Water Fund, $20m South Asia: GEF South Asia Clean Energy Fund, $10m Aloe II (Green Investment Asia Sustainability Fund I) $19.2m Southern Africa: Evolution One Fund, $20m GEF Africa Forestry Fund, $20m

  16. commercial finance China: Shuoren (furnace energy efficiency) US$8m Tianjin Haitai (green asphalt) US$8m Recent Growth Capital Investments in Cleantech India: Husk Power (biomass-fired microgrids) $0.4m Applied Solar (sustainable energy for mobile base stations) $15.4m Azure Power (grid-connected solar) $10m Attero Recycling (e-waste recycling) $5m For portfolio updates: www.ifc.org/cleantech

  17. carbon finance Significant experience in carbon markets* ING Bank Ukraine 550,000 ERUs 2007 Coal mine methane AgCert International Plc Mexico/Brazil €7.7 million equity 2005 Animal waste management Carbon Delivery Guarantee Deqingyuan China €3,500,000 2008 Biogas to power Phascon China €16,000,000 2008 Landfill gas to power IHDC India Hydropower Development Company Ecopower Sri Lanka €3,600,000 2005 Run-of-river hydros IHDC India €4,800,000 2006 Run-of-river hydros Brascan Energetica Brazil € 8,500,000 2005 Run-of-river hydros Rain CII Carbon (India) Ltd. India 850,000 CERs 2007 Waste heat recovery Omnia Fertilizer South Africa 900,000 CERs 2008 N2O destruction IFC recently launched the €150M Post-2012 Carbon Facility to extend carbon markets and increase access for projects that reduce emissions. Enercon India €6,600,000 2006 Wind farms Estre Ambiental S.A. Brazil $20 million senior loan $4.5 million sub debt 2009 Solid waste management * Selected credit purchase, delivery guarantee, and carbon-linked financing transactions shown. Carbon Delivery Guarantee

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