GGF – Green for Growth Fund
Sustainable Development Goals (SDGs) targeted


Description of the Project
Initiated by EIB and KfW as an evergreen blended debt fund, 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
- Structure : Luxembourg evergreen blended fund, SFDR 9
- 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
- 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.