Crescent Clean Energy Fund

disbursing

The EBRD is considering providing an equity investment of up to €40 million, but not exceeding 20 per cent of total aggregate capital commitments, to Crescent Clean Energy Transition Fund (“CETF” or the “Fund”), a private equity investment fund to be registered as a limited partnership under the laws of Guernsey. The Fund is a first-generation fund with the objective of making equity and quasi-equity investments in the energy sector in Turkey, South-Eastern Europe, Caucasus and Central Asia (the “Region”). The transition impact and demonstration effects associated with this potential investment are expected to include: The Fund will be managed by Crescent Clean Energy Partners GP Limited, a limited company to be incorporated under the laws of Guernsey and owned by the management team. Equity investment of up to €40 million to the Fund but not exceeding 20 per cent of total aggregate capital commitments. The target Fund’s size is €200 million at final closing. Categorised FI. This project offers significant environmental opportunities as it will contribute to the reduction of greenhouse gases through the investment of clean energy (e.g. hydro, solar, wind). The Fund will be required to comply with PRs 2 and 9. The Fund should ensure investee companies comply with national environmental and OHS standards. The Fund will also be required to adhere to the EBRD's Environmental and Social Exclusion and Referral lists, and submit annual environmental and social reports to the Bank. None. Aygen Yayikoglu, Managing Partner Email: Aygen.yayikoglu@crescent.com.tr Tel: +90 212 259 6704 Mobile: +90 533 416 6004