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Green for Growth Fund

Southeast Europe

Sustainable Development Goals (SDGs) targeted

Innpact United Nations Sustainable Development Goal #7 Affordable and Clean Energy Innpact United Nations Sustainable Development Goal #17 Partnerships for the Goals

Description of the Project

The Green for Growth Fund provides medium to long-term financing for energy efficiency and renewable energy products/projects to strong and reputable commercial banks, micro-finance institutions leasing companies, and other non-bank financial institutions committed to the same energy saving objectives. The financial institutions on-lend these funds to sub-borrowers such as households, household associations, small and medium enterprises, large business, municipalities, public sector entities and renewable energy projects.

The activities of GGF are supported by a Technical Assistance Facility.

Innpact contribution

Innpact supported the design, structuring and implementation of the fund and currently acts as General Secretary under a management support mandate.

Project Factsheet

  • Name : Green for Growth Fund, Southeast Europe SA, SICAV-SIF
  • Inception : 2009
  • Initiators : European Investment Bank and KfW Development Bank
  • Advisor: Finance in Motion GmbH, Frankfurt/Main
  • Sector : Energy efficiency & Renewable energy
  • Geographic Focus : Southeast Europe, including Turkey, as well as in the nearby European Eastern Neighbourhood region
  • Target Financial Intermediaries : Financial institutions (commercial banks and non- bank financial institutions, such as leasing companies) , small RE projects, companies, municipal entities, direct financing of Energy Service Companies
  • End‐Beneficiaries : Private households and small and medium-sized enterprises
  • Financial Instruments : Medium to long-term senior loans, subordinated loans, syndicated loans, letters of credit, guarantees, mezzanine debt instruments, local debt securities
  • Non‐Financial Services : Technical Assistance Facility
  • Type: Debt fund
  • Outstanding portfolio : EUR 372.4 million
  • Info : www.ggf.lu

The content of this webpage is for information purposes only and should not be construed and/or considered and/ or taken to constitute advice and/or solicitation of an offer or a recommendation to enter into any transaction or buy or sell any financial instrument or to make any investment and/or as any other investment advice.

Fund webpage

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