Renewable Energy: Evaluation Finds FMO’s Renewable Energy Investments in Fragile States Largely Successful

Mar 31, 2026
FMO
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An independent evaluation has found that FMO’s Renewable Energy investments in Fragile and Conflict‑affected States have generally delivered positive results, despite the elevated risks associated with operating in such contexts. The evaluation shows that FMO plays a highly additional role in these markets. Strong evidence was found of FMO’s financial additionality; high perceived risks levels and the need for long return periods do not make FCS very attractive for commercial parties (thus far).