The Green for Growth Fund (GGF)

Investing in renewable energy, energy efficiency, and resource efficiency

Impact
Over 1,000,000 tons of CO2 saved per year

Impact strategy
Environmental impact

Investment strategy
Private debt & private equity 

Assets under management
EUR 730.9 mn

Website
www.ggf.lu

Initiated in
2009

Initiated by
The European Investment Bank and KfW Development Bank, with risk capital from the European Commission  and the German Federal Ministry for Economic Cooperation and Development (BMZ)

Target regions
Southeast Europe, Eastern Europe, the Caucasus, the Middle East and North Africa

SFDR classification
Article 9 fund

The Green for Growth Fund aims to mitigate climate change and promote sustainable economic growth by investing in reducing energy use and CO2 emissions and improving resource efficiency. A blended finance structure, the fund leverages risk-capital provided by public institutions with additional private capital to increase investments across Southeast Europe, the Eastern Neighborhood Region, the Middle East, and North Africa.

The fund provides green private debt to financial intermediaries that on-lend to enterprises and private households. It also invests directly in renewable energy projects and corporates.

INVEST WITH US

Reducing the use of energy resources and CO2 emissions

Investing in climate finance across 19 markets

Finance in Motion advises the GGF on harnessing the power of green finance and making investments that reduce CO2 emissions in 19 markets across Europe, the Middle East and North Africa.

In doing so, we are working towards six Sustainable Development Goals (SDGs): Clean Water and Sanitation (SDG 6), Affordable and Clean Energy (SDG 7), Industry, Innovation, and Infrastructure (SDG 9), Sustainable Cities and Communities (SDG 11), Responsible Consumption and Production (SDG 12), and Climate Action (SDG 13).

Invest in the energy transition

GGF’s impact

m³ of water saved/treated annually (2)

115,100

MW of renewable energy capacity supported (1)

1,100

Active borrowers

11,000

GGF partner institutions (1)

88

Tons of materials saved annually (2)

16,200

Share of outstanding portfolio in local currencies

38%

MWh of energy saved annually (2)

4,000,000

Tons of waste avoided/treated annually (2)

412,000

Tons of CO2 emissions reduced annually (2)

1,000,000

Number of borrowers reached through financial institutions and direct GGF financing (1)

49,020

Partner institutions that received capacity building in developing green strategies and products and improve ESG management practices (1)

44

People trained

900

Investment countries (1)

18

Committed capital

EUR 845 mn

Investors

20

Share of private capital committed to the GGF

23%

Volume of technical assistance projects (1)

EUR 19 mn

Technical assistance projects in research & analyses

60

 

(1) Cumulative figure since inception.
(2) Figures are modeled by Finance in Motion based on primary reporting and third-party data.

About the GGF

Market-based returns coupled with high-impact green energy investments

The GGF allows investors to contribute to high impact systemic change by deploying finance to renewable energy sources and resource-efficiency measures.

GGF channels resource efficiency and renewable energy dedicated financing to businesses and households through local financial institutions. The fund also directly finances corporates and renewable energy projects that contribute to CO2 emissions reduction.

Through its blended finance structure, the GGF offers investors exposure to a fund that is broadly diversified across countries and regions and has an attractive market-based risk-return profile. The fund’s long-term approach, specialized team, and local presence have ensured its success in contributing to climate change mitigation. 

Investors in the fund can manage their risk exposure through its tranched capital structure, which offers a risk cushion for noteholders provided by subordinated share classes.


Invest in a green energy future and combine impact with market-based returns 

Fund details  

How the fund invests

How to invest

Donors and investors

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