2
GREEN FOR GROWTH FUND ANNUAL REPORT 2015
Target countries of the
GGF
:
energy investments:
1,276
GGF
Technical Assistance Facility projects to date:
156
energy efficiency and renewable energy investments:
thousand
331
who have committed funds to the
GGF
:
14
13
* This designation is without prejudice to positions on status, and is in line with
UNSC
1244
and the
ICJ
Opinion on the Kosovo Declaration of Independence
PREFACE
Mission
Key Figures 2015
5
Letter from the Chair
GROWTH
// GROWING IMPACT AND OUTREACH
8
Past Lessons Guide Today’s Decisions
10
Growth in Impact, Outreach, and Investors
12
Expanding the Fund’s Horizon
ENERGY EFFICIENCY
// GROWING ENERGY EFFICIENCY
16
Success in a Tough Environment
17
Saving Energy ‘by the Book’
18
Client Story:
Increased Impact
RENEWABLE ENERGY
// GROWING RENEWABLE ENERGY
22
Renewable Energy Introduction
23
Living up to High Standards
24
Client Story:
Sun-watered Vegetables
FINANCIAL RESULTS
// GROWING FINANCIAL RESULTS
28
Financial Statements
32
Monitoring and Reporting
33
Environmental Impact
35
EUR 40 Million in new GGF Funds in 2015
GOVERNANCE
// GROWING SUSTAINABLY
38
Letter from the Investment Management Team
40
Leadership
41
Governance
42
Contact Information – Get in Touch
43
Disclaimer
Contents
