KfW IPEX-Bank GmbH (2023)
| Signing Date | 03 Mar 2008 |
| Region of Headquarters: | Europe |
| Current EPFI Reporting Year/Period: | 2023 |
| Institutional Reporting: | Link to Report |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
Project Finance Advisory Services
Total number mandated in the reporting period: 0
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 26
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 3 | 10 | |
| Oil & Gas | 3 | ||
| Power | 3 | 5 | |
| Others | 1 | 1 | |
| Region | |||
| Americas | 3 | 2 | 2 |
| Europe, Middle East & Africa | 2 | 5 | 8 |
| Asia Pacific | 2 | 2 | |
| Country Designation | |||
| Designated Country 4 | 4 | 8 | 10 |
| Non Designated Country | 3 | 1 | |
| Both | |||
| Independent Review | |||
| Yes | 7 | 8 | |
| No | 1 | 10 | |
| Totals | 7 | 9 | 10 |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project Finance
This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Port Arthur LNG | Oil & Gas | United States | 2023 |
| 2 | Rio Grande LNG | Oil & Gas | United States | 2023 |
| 3 | Hybar LLC - Export Finance | Others | United States | 2023 |
| 4 | EcoDataCenter | Infrastructure | Sweden | 2023 |
| 5 | Orellana | Power | Spain | 2023 |
| 6 | Project Flocken: Allego N.V. | Infrastructure | Netherlands | 2023 |
| 7 | Gridserve: Project Piazza | Infrastructure | United Kingdom | 2023 |
| 8 | Project Evergreen: Community Fibre | Infrastructure | United Kingdom | 2023 |
| 9 | maincubes | Infrastructure | Germany | 2023 |
| 10 | Future Fiber Networks | Infrastructure | United States | 2023 |
| 11 | Gigapower | Infrastructure | United States | 2023 |
| 12 | Topolobampo Ammonia Plant | Others | Mexico | 2023 |
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 14
Under EP4, project name reporting is required for Project Finance transactions that have reached Financial Close and encouraged for Project-Related Corporate Loans that have reached Financial Close.
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 11
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 2 | 1 | |
| Oil & Gas | |||
| Power | 1 | 2 | |
| Others | 3 | 2 | |
| Region | |||
| Americas | 1 | ||
| Europe, Middle East & Africa | 1 | 3 | 5 |
| Asia Pacific | 1 | ||
| Country Designation | |||
| Designated Country 4 | 2 | 5 | |
| Non Designated Country | 2 | 2 | |
| Both | |||
| Independent Review | |||
| Yes | 2 | 2 | |
| No | 2 | 5 | |
| Totals | 2 | 4 | 5 |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Mirfa 2 RO Water Desalination Company | Infrastructure | United Arab Emirates | 2023 |
| 2 | Fernwärmenetz der Freien und Hansestadt Hamburg | Power | Germany | 2023 |
| 3 | Fernwärmeversorgung der Freien und Hansestadt Hamburg | Power | Germany | 2023 |
| 4 | Yelen-Gülpınar Wind Energy Power Plant Extension | Power | Turkiye | 2023 |
| 5 | Lima Airport Expansion Program | Infrastructure | Peru | 2023 |
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 6
Under EP4, project name reporting is encouraged for Project-Related Corporate Loans that have reached Financial Close and required for Project Finance transactions that have reached Financial Close.
EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Implementation of the Equator Principles
Every Project Manager is responsible for the ESDD of each financing. The ESDD is part of the credit process in which the credit committee is responsible for the credit approval. For Cat. A or B as appropriate categorized projects a dedicated risk assessment made by environmental & social experts of KfW Group or other external experts is compulsory.
Further information about KfW IPEX-Bank´s implementation of the EPs can be found here: Sustainability Guideline of KfW IPEX-Bank (kfw-ipex-bank.de).