Press releases

responsAbility and the World Wide Fund for Nature’s (WWF) Uganda are teaming up for a USD 240,000 restoration project on the Nyamwamba River Watershed in Western Uganda.

A responsAbility-managed climate fund and Indian Non Banking Financial Company Electronica Finance Limited (EFL) have entered into an agreement for the issuance of green Masala Bonds. EFL has issued Rupee-denominated senior secured bonds of USD equivalent 10 million. 

In a clear commitment to climate change mitigation, the Development Bank of Austria (OeEB) has increased its investment in the responsAbility-managed climate fund, adding USD 20 m across different share classes.

Several responsAbility-managed funds focusing on micro- and SME finance and climate change mitigation in emerging markets, respectively, have entered into a financing agreement with Ameriabank, granting Armenia’s leading bank a total of USD 19.2 m in long-term subordinated debt. 

The responsAbility-managed climate fund and India-based Roserve Enviro Private Limited have announced their cooperation for financing energy-efficient waste-water recycling systems offered to industrial clients. Under the agreement, the fund will subscribe to Indian rupee denominated green bonds worth USD 8 m issued by the company. 

A combination of high electricity tariffs, falling PV prices and a lack of reliability in the grid is spurring sales of on-site solar to business customers in Sub-Saharan Africa. This is the conclusion of a new report by research company BloombergNEF (BNEF), commissioned by responsAbility Investments, assessing the potential of commercial and industrial solar opportunities in the region.

The responsAbility-managed climate fund contributes to the largest-yet receivables financing facility in the off-grid solar space. The facility was arranged by SunFunder for Kampala-based off-grid solar company SolarNow and follows an earlier USD 6 m syndication from October 2017.

The responsAbility-managed climate fund and Nam A Bank are teaming up to launch the bank’s green lending activities in Vietnam. Nam A Bank is highly committed to developing a green lending product portfolio for diverse target groups. With the new credit facility and technical support provided by the Fund, the bank aims to position itself as the country’s leader in this market.

A responsAbility-managed private equity company investing in financial institutions in emerging economies has acquired a 7.66% share in Hamkorbank. The largest private bank in Uzbekistan serves micro, small and medium-sized enterprises across the country and is preparing for a next stage of growth.

responsAbility is further expanding its portfolio of companies active in the distributed energy area: Solar technology company REDAVIA and the responsAbility-managed climate fund have signed a financing agreement for REDAVIA's Ghanaian subsidiary. The USD 4 m financing will allow REDAVIA to supply Ghana’s industrial and commercial sector with affordable, reliab