FOND-ICO Sostenibilidad e Infraestructuras
Currently endowed with 400 million Euros
FOND-ICO Sostenibilidad e Infraestructuras aims to:
Investing in sustainable infrastructure assets as vectors of economic and social impact
A comprehensive and accessible description of the FOND-ICO Sostenibilidad e Infraestructuras infographic on sustainable investment and its impact
The image is a horizontal infographic headed by the FOND-ICO Sustainability and Infrastructure logo. To the right of the title is an arrow pointing to the figure “€400 million” (four hundred million euros). Beneath a grey bar, two green banners are displayed: on the left, “Sustainable Investment”, and on the right, “Positive Impact”. Under “Sustainable Investment”, there are four green-bordered boxes representing the areas of action: Energy, Mobility, Environment and Social Infrastructure. Under Positive Impact, the expected outcomes are presented in three sections: People, Climate and Environment. Each element is accompanied by an icon (solar panel, car, leaves, bricks, silhouette of a person, thermometer and environmental symbol), which helps to visually identify categories and effects. The overall design conveys that the funding is directed towards sustainable projects with measurable benefits for people and the environment.
Why FOND-ICO Sostenibilidad e Infraestructuras?
Complementary to bank financing, it acts as a minority investor that facilitates the development and construction of projects contributing to a more sustainable and carbon-neutral economy. The fund provides the added value of a flexible and stable long-term investor.
How can this be achieved?
It prioritises strategic niches in the energy, mobility, environmental, and social infrastructure sectors, with a constant focus on clear positive impact for people, the climate, and the environment.
Target projects. What sectors does it invest in?
A comprehensive and accessible description of the infographic: FOND-ICO Sostenibilidad e Infraestructuras– eligible sectors
The image is a circular infographic in green with the FOND-ICO Sustainability and Infrastructures logo in the centre. A ring of white linear icons surrounds the logo and connects to surrounding signs listing the programme's areas of investment.
Sustainable generation is indicated at the top. On the left flank are Distribution Networks, Energy Efficiency, Water, Waste and Circular Economy. At the lower left and centre are listed Motorways, Roads and Rail transport. On the right-hand side are public facilities and mobility: Judicial infrastructure, Educational infrastructure, Health infrastructure, Electromobility, Airports and Ports. The design uses thematic iconography and guide lines to associate each label with its corresponding pictogram, providing a clear view of the types of infrastructure and sustainability that can be financed by the fund.
As a long-term investor, it looks for projects, in Spain and abroad, with high flow predictability, developed by qualified promoters in the following sectors:
- Energy transition: sustainable power generation, distribution networks, energy efficiency.
- Environment: water, waste, circular economy.
- Mobility: motorways, roads, rail transport, ports, airports, electromobility.
- Social infrastructure and services: healthcare, education, and judicial infrastructure.
The invested resources are destined to finance new investments that are directly derived from the project (first and foremost Greenfield).
What tools do we invest through?
A comprehensive and accessible description of the FOND-ICO Sostenibilidad e Infraestructuras infographic: sustainable investment and its impact
The image is a horizontal infographic with the FOND-ICO Sustainability and Infrastructures logo in the centre, framed by a broken line. From this core are four green bands with rounded edges and illustrative icons, two at the top and two at the bottom, which summarise the programme's investment channels. The upper left-hand side reads "1 - Equity investments" and the upper right-hand side reads "2 - Subordinated debt". In the lower left-hand band, "3 - Local currency funding" appears, while in the lower right-hand band, "4 - Greenfield Minority Investment" appears. The design uses numbering, clear typography and simple iconography to facilitate reading and identification of each mode of action.
For direct investments in projects:
- Equity holdings: as a minority interest and accompanied by another financial investor.
- Subordinate debt or participative loans: conditions tailored to each project.
For investments abroad, financing in local currency is considered, subject to availability.
In the case of public tenders, the Fund only participates after the award of the project (generally on a concessionary basis), by which it may issue, where applicable, generic letters of eligibility in advance to bidders that make a request.
For investment in funds:
Targeting Greenfield projects with clear positive impacts, (economic, social, environmental), the fund also invests as a minority interest.
The capital of the allocated funds must be mainly private.
The manager must provide a methodology to measure the impact of its investments through sustainability indicators.
What is the range of the investment?
Between 10 and 30 million Euros per investment. Projects beyond this range may be analysed according to strategic value.
What is the duration of the investment?
The fund adjusts the duration of the investment according to the circumstances of each project, although due to its profile as a mainly long-term investor, a timeframe of 20 years can be expected.
