Invest in
a green future
The Green for Growth Fund finances projects in EU Accession and Neighborhood regions that deliver risk-mitigated returns, reduce CO₂ emissions, and promote sustainable development
The Green for Growth Fund finances projects in EU Accession and Neighborhood regions that deliver risk-mitigated returns, reduce CO₂ emissions, and promote sustainable development
Figures as of Q4 2025
€1.2B
Portfolio
€2.4B
Cumulative investments since inception
18
Active investment countries
Scaling Climate Action with EU support
GGF has taken a major step forward in its mission to scale climate action across Southeast Europe.
The European Union’s €24 million investment gives us greater capacity to mobilize public and private capital to support the green transition.
This backing comes at a critical moment.
Across the region, the pressure on energy systems is growing and the need for climate investment is becoming increasingly urgent.
GGF’s role is to provide financing that can reach real projects and support long-term sustainable growth.
Expanding green lending across Southeast Europe through local banks
Advancing renewable energy and storage in the Western Balkans
Strengthening Ukraine's energy resilience with two new renewable energy projects
Expand Green Lending
Expand Green Lending
Expanding green lending across Southeast Europe through local banks
Advance RE and Battery storage
Advance RE and Battery storage
Advancing RE and storage in the Western Balkans
Energy Resilience in Ukraine
Energy Resilience in Ukraine
Strengthening Ukraine’s energy resilience with two new renewable energy projects
Figures as of Q4 2024
1.4M
Tons of CO2 emissions reduced annually
2.2M
Cubic metres of water saved or treated
5.3M
MWh of energy saved per year
Delivering for investors
We provide diversification with risk-mitigation
Investing in EU Accession and Neighbourhood regions can deliver diversification and long-term returns.
But some investors perceive the risk to be high.
We give you access to these investments with first- and second-loss protection.
Delivering for the planet
We finance renewable energy as well as energy efficiency and resource efficiency projects across a variety of sectors, including agriculture, transport and corporates.
These projects generate sustainable economic growth, reduce energy dependence, stabilize supply chains and mitigate climate change.
We finance high-impact activities across the EU Neighbourhood region, often through our close relationships with local financial institutions.
Our specialists live and work where they invest - they know their sector, market and assets intimately. Our advisory & capacity building teams also broaden and deepen your impact. They tailor education and consultancy services for investees, and contribute to market development.
Where we invest
Where we invest
We live and work where our assets are based. With 9 regional offices and over 15 years of experience, we know how to navigate shifting market dynamics.
“Green for Growth Fund gives you access to diversified, impact-driven projects through trusted local institutions you can’t reach via traditional channels. These diversified investments are future-focused and built on long-term EU-aligned growth drivers.”
Borislov Kostadinov, Fund Director
Information for potential investors
In respect of the United States of America, Canada, Japan or Australia or any other jurisdiction in which the distribution, offer, sale, transfer or resale would be prohibited by applicable law, no investment in notes/shares or other instruments of the Fund (or its sub-fund(s)) can be offered or made.