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The time to scale up renewables is now

The time to scale up 

renewables is now

The COP 28 commitment to triple renewable energy worldwide by 2030 is a critical step forward in addressing the climate crisis. However, achieving this accelerated deployment demands innovative models that increase private investment and build the capacities of local markets. Borislav Kostadinov, Fund Director, explains how Finance in Motion delivers these solutions where they’re needed most.

GGF Header image Gori wind farm

The world’s most pressing challenges

GGF Windmill

Renewable energy is a proven technology and core solution to a number of the world’s most pressing challenges. A decarbonized future is an electrified future, meaning vastly more solar panels and wind turbines are needed to achieve ambitious visions such as the Paris Agreement or the European Union’s commitment to climate neutrality by 2050.

Attending COP28, Borislav Kostadinov, Fund Director at Finance in Motion, emphasizes the urgency to scale proven solutions: “We need to massively and immediately increase investments in renewables if we are to keep the Paris Agreement within reach.”

The good news is that in much of the world renewables are now the most cost-effective investment for electricity generation. Yet too often international investors remain hesitant to commit capital to emerging markets due to perceptions of higher risks. For Borislav, who built his 25-year career upon pioneering green finance and building green banks in emerging markets, these perceptions are misplaced: “At Finance in Motion, we advise proven blended finance vehicles that bring blue chip, private investors into renewables projects across emerging markets. They haven’t lost a penny and we’ve financed over one gigawatt worth of projects”. 

Long track record in emerging markets

Finance in Motion and its public-private partnership model have demonstrated how to bridge these financing gaps in emerging markets for 15-years. As pioneers in blended finance, the funds we advise leverage public funding to mobilize private capital for impact-focused investments targeting environmental and social outcomes. To date, we have financed over EUR 7 billion in 40+ markets.

Renewable energy is a priority sector for us across many of our regions but nowhere is our footprint larger than in the countries bordering the European Union. Here, we find huge needs to replace fossil-fuel-based infrastructure with cleaner sources, wean economies off coal, and – crystalized following Russia’s invasion of Ukraine – strengthen energy security.

We believe our model showcases how public and private investors can come togher and not only finance single projects but change how markets finance the sector. We have plenty of successful examples, particulary in Southeast Europe.

Borislav Kostadinov, Fund Director

Fund information

The funds, sub-funds and securities described herein (or in any other linked or related website) are not being offered for sale to the public in the United States of America or in any other jurisdiction in which a public offer would be prohibited by applicable law. To the extent funds, sub-funds and securities described herein (or in any other linked or related website) are being offered in these jurisdictions (some of the funds, sub-funds and securities may not be offered in certain jurisdictions), they will only be offered by private placement to a limited number of qualified institutional investors in accordance with the applicable laws and regulations in these jurisdictions. Offers will only be made pursuant to a private placement memorandum approved by the funds. Institutional investors in these jurisdictions that wish to learn more about the funds, sub-funds and securities should contact the persons listed below for further inquiry.

Special notice as regards the European Fund for Southeast Europe, the Green for Growth Fund and the Latin American Green Bond Fund: In respect of the United States of America, Canada, Japan or Australia or any other jurisdiction in which the distribution, offer, sale, transfer or resale would be prohibited by applicable law, no investment in notes/shares or other instruments of these funds (or their respective sub-fund(s)) can be offered or made.

All funds are managed or advised (as the case may be) by Finance in Motion Asset Management S.à r.l., a Luxembourg-based Alternative Investment Fund Manager directly supervised by the Luxembourg regulator, the Commission de Surveillance du Secteur Financier (CSSF).

  • Finance in Motion Asset Management S.à r.l.
  • 68, Bd de la Pétrusse,
  • L-2320 Luxembourg