The Global Energy Efficiency and Renewable Energy Fund (GEEREF), as a Fund-of-Funds, invests in private equity funds that specialize in providing equity finance to small and medium-sized clean energy projects in developing countries. The GEEREF aims to:
Fund management companies, financial institutions, project developers or individuals that intend to develop a clean energy investment fund or expand an existing fund into clean energy can propose seek finance. Developers of clean energy projects can also submit proposals for investment funds. Proposals are expected to (1) Present a financially sustainable business plan generating a fair return for investors and a realistic pipeline. (2) Specify environmental and socio-economic impacts. (3) Focus on small and medium sized clean energy projects and companies. (4) Require long-term patient investment capital. (5) Locally grounded, professional fund management team, preferable with a track record in the clean, energy sector, or at least the capacity to become qualified or to liaise with other parties for that purpose.
EUR 222 million