From Yahoo Finance-The Church Pension Fund (CPF), a financial services organization that serves the Episcopal Church, announced today that it served as an anchor investor in the Developing World Markets’ $60.8 million Off-Grid, Renewable and Climate Action (ORCA) Impact Note. CPF and Wespath Benefits and Investments, a general agency of The United Methodist Church, invested $60 million ($30 million each).
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The ORCA Impact Note will provide renewable energy finance loans to social businesses in the developing world, and is composed of 11 underlying loans made to inclusive financial institutions and operating companies. These organizations support renewable energy creation and services in nine countries across three continents, including: Ecuador, Guatemala, India, Kazakhstan, Kenya, Mongolia, Nicaragua, Rwanda, and Tanzania.
More here-
http://finance.yahoo.com/news/church-pension-fund-serves-anchor-140000956.html
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