EU4Energy: Green for Growth Fund (GGF)

Project Description
The Green for Growth Fund (GGF) is a specialised fund, supported by the European Union, designed to advance energy and resource efficiency, as well as renewable energy in Neighbourhood countries. It provides refinancing to financial institutions to enhance their participation in these sectors, and also invests directly into energy efficiency and renewable energy projects. This project extends the fund’s reach to Armenia, Azerbaijan, Georgia, Moldova and Ukraine.
Specific Objective
- Broadening the financing base of energy efficiency and renewable energy investments.
- Increasing awareness and deepening the financial sector servicing development needs.
- Harmonising and coordinating donor initiatives.
Expected Results
- Leveraging donor funding by mobilising funds from development banks and private sector.
- Providing refinancing for investments in energy efficiency and renewable energy to small and medium-sized enterprises (SMEs), households and municipal entities via local financial institutions on a revolving basis.
- Providing capacity building, consulting and training measures, thereby further supporting the development of lending operations and increasing awareness.
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PROJECT DETAILS
Regional
Priority Area:
Partnership that greens
Subsector:
Energy & energy efficiency
Topic:
Energy
EaP Countries:
Armenia, Azerbaijan, Georgia, Republic of Moldova, Ukraine
Project Status:
Ongoing
Start Date:
01.01.2009
End Date:
31.12.2030
Implementing Organisation:
EIB, KfW
Funding by the EU:
€13 350 000
EU Project Number:
401-728 & 404-478
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