GGF secures EUR 25 million from OeEB to continue green finance
The Development Bank of Austria (Oesterreichische Entwicklungsbank AG – OeEB) has increased its investment with the Green for Growth Fund (GGF) by providing an additional EUR 25 million in senior shares, according to a press release from the GGF. OeEB’s commitment will help the GGF continue to develop renewable energy projects and improve energy and […]
Green for Growth Fund backs microfinance institution Alter Modus’ energy efficiency lending
The Green for Growth Fund (GGF) has provided a senior loan of EUR 1.5 million to the microfinance institution Alter Modus. This transaction further broadens and diversifies the fund’s geographic and operational scope with financing for Montenegro’s growing energy efficiency market. The GGF’s new investment will support Alter Modus, Montenegro’s leading microfinance institution, in further […]
Green for Growth Fund helps kids from Serbia compete in Canada
After Balkan Green Energy News appealed in early April for financial assistance to help kids from Serbia travel to Canada, its partner, the Green for Growth Fund (GGF), helped make this possible. The nine elementary and high school students from Belgrade had already made remarkable success in a global essay competition on achieving UN Sustainable […]
GGF Impact Report: 2.75 TWh of energy saved annually, CO2 emissions cut by 692,183 metric tons
By the end of 2018, the Green for Growth Fund (GGF) had financed nearly EUR 825 million in green investments, substantially reducing energy consumption and CO2 emissions. The fund’s investments are having a measurable impact on households and businesses by reducing their energy bills and CO2 emissions as well as enabling them to use resources […]
GGF Partners with Mikrofin to boost energy efficiency in households, small enterprises
The Green for Growth Fund (GGF) has partnered with Mikrofin to encourage energy efficiency measures among households and small agri-businesses in Bosnia and Herzegovina, the GGF said in a press release. The impact of the EUR 2 million loan will be enhanced through capacity building measures, enabling Mikrofin to develop and market a dedicated energy-efficiency […]
GGF Impact Stories: Helping Serbia increase energy savings
The Green for Growth Fund (GGF) supports sustainable energy finance and green energy projects through funding, know-how and the tools to succeed in the market. Serbia represents one of the Fund’s largest portfolios and with more than EUR 90 million invested, it is one of the GGF’s biggest success stories to date. The GGF, which […]
GGF extends EUR 1 million to LIDER to on-lend for energy efficiency, small renewable energy equipment
The Green for Growth Fund (GGF), an impact investment fund advised by Finance in Motion, has joined hands with the Microcredit Foundation LIDER to promote energy efficiency and use of small renewable energy equipment among households and farmers in Bosnia and Herzegovina through a loan of EUR 1 million. The loan, along with the complementary […]
GGF extends EUR 10 million to Ohridska to on-lend for renewable energy, energy efficiency projects
The Green for Growth Fund (GGF) has announced its second senior facility of EUR 10 million for Ohridska Banka to support the bank’s on-lending to renewable energy and energy efficiency projects. The measures and projects financed by this extended facility are expected to yield annual primary energy savings of around 26,330 MWh and CO2 emission […]