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
1

Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.

2

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.

3

Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.

4

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
1

Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.

2

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.

3

Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.

4

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).