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UK Green Investment Bank signs partnership agreement with Mexican government-backed development bank NAFIN

08 Oct 2015

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  • GIB and NAFIN sign two-year collaboration agreement
  • Organisations pledge to share knowledge on green finance, renewable energy and energy efficiency projects
  • Occasion marked by launch of Spanish version of GIB’s ‘Green Investment Handbook’
  • Handbook now available in world’s three most commonly spoken languages

UK Green Investment Bank plc (GIB) and Mexican development bank Nacional Financiera, S.N.C., I.B.D (NAFIN) have today announced a two-year agreement to share knowledge and best practice on green finance, renewable energy and energy efficiency projects.

The partnership underlines GIB’s commitment to share its market-leading experience in green investment, Mexico’s efforts to boost sustainable development, and the role NAFIN is playing in fostering and financing sustainable projects across the country.

The organisations have marked the occasion by co-launching a Spanish version of GIB’s ‘Green Investment Handbook’, which outlines the methods GIB uses to asses, monitor and report on its investments.

It is hoped that the handbook will support investment in green infrastructure in the Spanish-speaking communities of Latin America and the Caribbean.

The signing of the Memorandum of Understanding is a feature of 2015’s ‘Dual Year Mexico-UK’, which celebrates and deepens the respective countries’ economic, financial, political, cultural and social ties.

Download a summary of the Green Investment Handbook in Spanish and in English.

The full Green Investment Handbook can be downloaded from the UK Green Investment Bank website.

Shaun Kingsbury, Chief Executive, UK Green Investment Bank, said:

Green infrastructure is a huge growth market across the world. We have a growing policy consensus amongst countries, a range of proven technologies with falling costs ready to deploy at scale and, a growing group of investors ready to back projects. To move this vital market further into the financial mainstream it is important that we have better standardisation and consistency in how we assess the green impact of projects. That is why we have published our Green Investment Handbook and have translated it into Spanish as part of a wider MOU with NAFIN.

We are delighted to be partnering with NAFIN to exchange experience and ideas. There is much that the UK and Mexico stands to learns from one another. The Green Investment Handbook will play a central role in our relationship as we work together to increase green infrastructure investment in our respective countries and beyond.

Jacques Rogozinski, General Director, NAFIN, said:

Working with GIB represents an enormous opportunity for both of our institutions to continue working for our countries’ sustainable development; an opportunity to learn from best practices in green finance, mainly on renewable energy and energy efficiency projects.
 
We are very happy to formalise today our relationship. We are convinced this MoU will have a significant green impact in our countries. For a start, we now have the Spanish version of the Green Investment Handbook, which hopes to increase green investments not only in Mexico, but also in Latin America and the Caribbean.

Contacts

Ross Nisbet, Green Investment Bank: ross.nisbet@greeninvestmentbank.com / 0330 123 2153

Marianna Lara Otaola, NAFIN: mlarao@nafin.gob.mx / +52 (55) 53256059


Notes to editors

About the UK Green Investment Bank

UK Green Investment Bank plc (GIB) was launched in November 2012. With £3.8bn of funding from the UK Government, it is the first bank of its kind in the world. It is a “for profit” bank, whose mission is to accelerate the UK’s transition to a greener economy, and to create an enduring institution, operating independently of Government.

GIB is wholly owned by HM Government. The Company is not authorised or regulated by the Financial Conduct Authority or the Prudential Regulation Authority. A wholly owned subsidiary UK Green Investment Bank Financial Services Limited, is authorised and regulated by the Financial Conduct Authority.

About Nacional Financiera S.N.C, I.B.D

Nacional Financiera is a Mexican financial institution established in 1934.  NAFIN is a second tier development bank aiming to support the development of micro, small and medium sized companies in Mexico. Also, NAFIN is mandated by the government to finance priority and sustainable projects of the federal government. Currently NAFIN’s portfolio consists of nine wind farms, a photovoltaic solar park, a mini hydroelectric dam, and two cogeneration projects.