Renewables

Greek Green Funds target over EUR 3 billion in investments

Green Greek Funds investments

Photo: Pixabay/byrev

Published

August 26, 2020

Country

Comments

comments icon

0

Share

Published:

August 26, 2020

Country:

Comments:

comments icon

0

Share

The Hellenic Development Bank of Investments (HDBI) has launched a program called Greek Green Funds for venture capital and private equity funds to finance businesses in the sectors of renewable energy production and technology, energy conservation infrastructure, sustainable development, and circular economy. The Greek Ministry of Development and Investments has said the program is expected to generate more than EUR 3 billion in investments.

The Greek Green Funds program, worth EUR 400 million, applies to businesses operating in Greece, and will run until the resources are exhausted, according to a call for proposals available on HDBI’s website. HDBI, formerly TANEO, has been mandated to manage the funds on behalf of the ministry.

Beneficiaries are to invest in new or existing SMEs or special purpose vehicles

The investment schemes financed by HDBI should be managed by private sector entities which will invest through equity participation, convertible bonds and rights-bearing bonds, in new or existing small and medium-sized enterprises (SMEs) or special purpose vehicles – companies set up to implement specific projects, according to the public call.

The call is open to all individuals and legal entities

Eligible to submit proposals to HDBI are all interested parties – natural persons or legal entities that intend to set up and manage such investment schemes.

Of the total resources, EUR 300 million will go towards all investments outlined in the definition of the Greek Green Funds, with the additional option to invest in non-energy infrastructure projects worth up to 30% of the total funds managed by an investment scheme.

Investment schemes exceeding EUR 100 million will receive up to 30% from the HDBI

HDBI will provide up to 30% of the investment, but no more than EUR 100 million, for individual investment schemes of EUR 100 million or more.

The remaining resources, EUR 100 million, are for funds that will have an upper limit of 30% for investments in solar or wind farms.

In this segment, HDBI’s participation will be 70% for schemes of up to EUR 30 million, 60% for projects of EUR 30 million to EUR 60 million, and 30% for those worth between EUR 60 million and EUR 100 million.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

romania INVL Renewable Energy Fund Kommunalkredit

INVL fund secures loan for 71 MW of solar projects in Romania

30 July 2025 - INVL Renewable Energy Fund I, managed by INVL Asset Management, invests in renewable energy projects

Price of residential battery storage in Europe drops over 50 in two years

Price of residential battery storage in Europe drops over 50% in two years

30 July 2025 - The mature residential battery storage markets in Europe are stabilizing, while policy-driven and emerging markets are gaining traction

Eximprod 38 4 MW wind farm northeast of Bucharest

Production starts at new 38.4 MW wind farm northeast of Bucharest

30 July 2025 - Eximprod started generating electricity in its new wind farm in Romania's east, while several other projects in the country are near completion

montenegro epcg nte energy norway memorandum bulatovic Inge Forseth

Montenegro’s EPCG, NTE Energy sign memorandum of understanding

30 July 2025 - The memorandum of understanding confirms mutual commitment to intensifying cooperation in the renewable energy sector in Montenegro