Climate Investor Two (CI2)

Type of Recipient
Public entity at the national level
Private sector
Region
East Asia and Pacific
Latin America and the Caribbean
South Asia
Sub-Saharan Africa
Fund Size

USD 1Billion

Co-financing Requirement
No
Application Timeframe

If you are a developer seeking funding and your project complies with the above funding criteria, or you would like more information, please contact us at [email protected] or fill in our initial self-assessment form.

Sectors and Themes
Oceans and Coasts
Waste
Water
Climate Objective
Cross-cutting
Type of Support Provider
Multilateral
Trustee or Administrator
Climate Fund Managers
Contact Information

Climate Investor Two (CI2) is a blended finance facility, delivering water, sanitation, and oceans infrastructure projects in emerging markets. Established in 2019, the fund reached its third close on 2 November 2023 with USD 875 million in commitments and is targeting a final close of USD 1 billion by March 2025.

CI2 employs a mix of public and private-sector funding as well as commitments from development finance institutions (DFIs), all in mutually beneficial and complementary ways.

More details about the CI2 can be found here.  

This page provides an overview of Climate Investor Two. For more information on CI2's Development Fund, click here.

Support Provider

Nordic Development Fund (NDF), the European Commission, and a consortium of Dutch entities like the Dutch government, FMO, and BNG Bank. Other major institutional investors include KLP (Norwegian pension fund), the IMAS Foundation, Aegon, and Sanlam, as well as the Green Climate Fund (GCF). 

Purpose of Support
Project and program implementation
Funding Type
Loans (concessional and market-rate)
Other
Eligibility Criteria

CFM has certain criteria it employs when identifying suitable projects for funding:

  • The project must be located in Africa, Latin America, or Asia
  • It must be located in a low, lower middle or upper-middle income country
  • It aligns with the technological focus of the fund
  • The project sponsor or developer also has access to a minimum of 25% of its own equity contribution towards construction costs
  • The project sponsor or developer should have a minimum ticket size of USD 10 million 

Please follow this link to learn more about the eligibility criteria. 

Eligible Countries

Botswana, Côte d'Ivoire, Djibouti, Kenya, Madagascar, Morocco, Namibia, Nigeria, Sierra Leone, South Africa, Uganda, Bangladesh, India, Indonesia, Maldives, Philippines, Brazil, Colombia, Ecuador