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Climate Investments You have the solution – we have the money 29 April 2013 Frank Zimmermann, Investment Manager 1 IFU: the leading emerging market investment organisation in Denmark 46 800 Year heritage Investments 500+ Danish Partners Others 7% 7 Accra 35 Investment professionals Latin America 14% DKK 9bn countries invested Beijing Cairo offices 85 New Delhi Nairobi Africa 33% Asia 46% Active investments 13 Consecutive years of positive results Johannesburg 13% 38 Advisors IFU Offices Headquarters: Denmark; Regional offices: Cairo, China, India, Kenya, South Africa and Ghana Countries where IFU currently operates Countries where AIF currently operates PAGE 2 250 10 year net return (SC) 700-800 DKKm to invest in emerging markets in commercially viable climate projects containing Danish economic interest 500 DKKm “…to promote climate investments in developing countries and emerging markets to help reduce global warming…and to promote the transfer of Danish climate technology. “ PAGE 3 The climate fund has a very broad definition of climate projects… Renewable energy Water management Energy efficiency Disaster preparedness Alternative energy Agriculture Materials or equipment Coastal & natural resource mngmt Transport PAGE 4 Consulting services …and a wide range of target markets with 148 countries eligible for investments IFU Regional offices PAGE 5 The requirement for Danish involvement is defined by “Danish Economic Interest” which we interpret as • A Danish company investing an amount at least similar to the investment of the climate fund OR • One or more Danish know-how providers selling technology/services with a value not less than the investment from the climate fund • long term involvement to be secured by O&M agreements, guarantees, training and management contracts etc. PAGE 6 Example: Wind park Turkey Activity: technology provider and service agreement Tech.provider IFU (Danish Climate Fund) License agreement Service agreement Turkish equipment manufacturer Local partner e.g. wind park developer PAGE 7 Equity, Mezzanine, traditional loan (DKK/EUR/USD) • Terms: commercial • Exit strategy • Max 49% of total Investment • Max 100 DKKm Selected Danish Partners in climate projects PAGE 8 How to get IFU involved? – give us a call or send a mail! Frank Zimmermann Investment Manager Tel: +45 30 50 12 13 [email protected] IFU Fredericiagade 27 1310 Copenhagen K Denmark 9 Tel. +45 33 63 75 00 Fax +45 33 63 75 99 [email protected] www.ifu.dk