Renewables

GGF takes green finance graduates on study tour in Berlin

Photo: GGF

Published

July 14, 2022

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Published:

July 14, 2022

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The Green for Growth Fund Technical Assistance Facility, in partnership with the Renewables Academy (RENAC), hosted a study tour in Berlin for the graduates of the second edition of its flagship GGF Green Finance Expert course. It is aimed at enhancing the expertise of representatives of financial institutions from the markets where GGF operates.

During the study tour, participants engaged in interactive and practical seminars on renewable energy market design, institutional framework, financing, and due diligence, and utilized financial models for evaluating renewable energy projects, GGF said.

The participants visited green projects, including the energy-self-sufficient village of Feldheim. They discussed the recent developments in the German energy transition, as well as renewable energy legislation and international energy cooperation with the German Energy Agency (dena).

There were 46 successful graduates from 20 GGF partner institutions across 10 countries – credit officers, risk analysts, project finance specialists, E&S officers, heads of branches and departments, and other professionals, the fund noted.

“The best way to drive change towards a low-carbon future is by capacitating individuals with the skills and resources needed to drive a green transformation. We are proud of the success the Green Finance Expert course has had thus far and look forward to future successes,” said the GGF Technical Assistance Facility’s Chairperson Klaus-Peter Pischke.

The applications for the fouth edition of the GGF Green Finance Expert course will open before the end of summer

To date, around 150 participants have been trained under the GGF Green Finance Expert Course, with more than 7,500 people across GGF’s regions of operation having received training under its initiatives. The applications for the fourth edition of the GGF Green Finance Expert course will open before the end of summer.

The Green for Growth Fund invests in measures designed to cut energy use and CO2 emissions, and improve resource efficiency in 19 markets across Southeast Europe, the Caucasus, Ukraine, Moldova, the Middle 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.

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