Green for Growth Fund (GGF) Announces Fifteen Finalists for clim@ Event in June
Frankfurt am Main, Germany, 29 May 2018 - Energy efficient buildings, renewable energy in remote areas, water savings in agriculture, recycling and circular economy based products, and sustainable freight transport – these are just some of the challenges that applicants to the GGF clim@ competition are tackling through their innovative businesses and projects.
After a rigorous selection process to narrow down over 260 inspirational applications, clim@ is proud to announce the 15 finalists (www.ggf-climat.com/finalists/) who will present their ideas at a pitching competition on the 25th June in Frankfurt. The successful entries – BEAD, Effa, Epicellulyse XT, Hotel Energy Portal (HEP), KB-Walkoma SRL (under its new platform ResursConect), Solagro Smart Recycler, SunCity, Tagaddod, Biomyc, Nüwiel, Sun for Schools, Mestic, R3FIBER, cKers Fi-nance and Africa GreenTec – come from 12 different countries and have developed innovative, high-impact solutions in the fields of sustainable energy or resource efficiency.
The finalists will pitch their projects in front of an expert jury, investors and selected guests in order to earn a position in the top 3 based on the innovation, impact and business case of their entry. Those three grand finalists will then have the chance to present their ideas to the Green for Growth Fund’s Sustainable Future Forum in front of 250 leaders in the climate and sustainable fi-nance communities who will participate in the voting for EUR 30,000 in awards.
For more information on the 15 finalists, or to express interest in attending the clim@ pitching event on the 25th June, visit www.ggf-climat.com
clim@ is organized by Finance in Motion GmbH on behalf of the GGF Technical Assistance Facility (TAF) and sponsored by the European Commission and the German Federal Ministry for Economic Cooperation and Development (BMZ). The competition, which saw over 260 applications from 80 countries, was launched in 2018 for businesses, experienced start-ups, NGOs, research bodies or other relevant organizations, who are working to transfer and scale up market-ready concepts in the fields of sustainable energy and resource efficiency.
To download the press release click here
ABOUT THE GGF
The Green for Growth Fund invests in measures designed to cut energy use and CO2 emissions by a minimum of 20% in 19 markets across Southeast Europe, the Caucasus, Ukraine, Moldova, the Mid-dle East and North Africa. The fund provides such financing directly to renewable energy projects, corporates and municipalities or indirectly via selected financial institutions The GGF’s Technical Assistance Facility maximizes the fund’s investment impact through support for capacity building at local financial institutions and partners.
The GGF was initiated as a public-private partnership in December 2009 by Germany’s KfW Devel-opment Bank and the European Investment Bank, with financial support from the European Com-mission, the German Federal Ministry for Economic Cooperation and Development, the European Bank for Reconstruction and Development, and the Austrian development bank OeEB. The fund’s growing investor base comprises donor agencies, international financial institutions and institutional private investors, including the International Finance Corporation, the Dutch development bank FMO, the German ethical bank GLS, and Church of Sweden. The GGF is advised by Finance in Mo-tion GmbH. MACS Management & Consulting Services GmbH acts as the technical advisor.
ABOUT THE GGF TAF
The GGF Technical Assistance Facility (TAF) plays a key role in supporting the Fund’s promotion of energy efficiency, renewable energy and improved resource management by providing targeted technical assistance to financial institutions and project developers in conjunction with GGF fund-ing. The facility operates hand in hand with the GGF, complementing its investments with the fol-lowing activities: capacity building and training for GGF partners; validation and monitoring of ener-gy savings and CO2 emission reductions; strategic advice to the Fund’s managers based on research and analysis; increasing the awareness and acceptance of green solutions in the financial sector and among the public.
MEDIA CONTACT GGF
Tel: +49 (0)69 271 035-171