Green for Growth Fund (GGF)
The Green for Growth Fund (GGF) is the first specialized fund to advance energy efficiency (EE) resource efficiency (REff) and renewable energy (RE) in Southeast Europe, including Turkey, as well as in the nearby European Eastern Neighborhood region and in the Middle East and North Africa (MENA). Initiated by the European Investment Bank and KfW Development Bank, GGF is an innovative public-private partnership established to reduce energy consumption and CO2 emissions. GGF provides refinancing to Financial Institutions to enhance their participation in the EE and RE sectors and also makes direct investments in Non-Financial Institutions with projects in these areas. The activities of GGF are supported by a Technical Assistance Facility.
The contact points for Investees/Clients can be found here.
The lead time of a GGF investment depends on the complexity of the measure to be financed and can be processed on average within 6-12 months.
At Q2 2019 the amount of funding available and the total size of the fund is EUR 507.7 million.