DOWNLOAD THE GGF IMPACT REPORT 2023

Catalyzing energy efficiency

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Powering Renewable Energy

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Enabling resource efficiency

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Building the green ecosystem

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What We Do

The Green for Growth Fund (GGF) is an impact investment fund that mitigates climate change and promotes sustainable economic growth, primarily by investing in measures that reduce energy consumption, resource use and CO2 emissions. The fund, a blended finance structure, is a public-private partnership that leverages risk-capital provided by public institutions with additional private capital to substantially increase investment volumes to regions and sectors that do not normally attract such flows, and is an early and successful example of blended finance in action. The fund channels this dedicated financing to businesses and households through local financial institutions, and through direct investments to eligible projects and companies. A dedicated Technical Assistance Facility provides know-how and technical expertise to ensure that these investments are successfully implemented and to a high international standard. The GGF operates in 19 markets across Southeast Europe, including Turkey, the European Eastern Neighbourhood Region, and the Middle East and North Africa.


Windwheel

Facts & Figures

Working with
72
Partner Institutions
Active in
18
Countries
Cumulative Investments
1.9
Billion Euro
Figures as of 30 June 2024
CO2 REDUCTION
CO₂ REDUCTION
1,200,000
tCO₂/yr
ENERGY SAVINGS
ENERGY SAVINGS
4.7
Million MWh/yr
RENEWABLE ENERGY
RENEWABLE ENERGY
1,290
MW
Figures as of 31 December 2023

Stories

Green Academy

Green Academy

The Green Academy provides a comprehensive array of training and capacity-building activities and serves as the GGF’s main platform for building and deepening the green finance markets in which it operates. Read more

News

Investors & Donors

European Investment BankKFW Developopment BankEuropean Investment FundFederal Ministry for Economic Cooperation and DevelopmentEuropean Bank for Reconstruction and DevelopmentFMO The Netherlands Development Finance CompanyInternational Finance CorporationASN BankGLS Bank

Advised by

Awards

Green for Growth Fund - PRI Award 2020