Green for Growth Fund

Overview

Green for Growth Fund is a Luxembourg-based impact investment fund focusing on energy efficiency and renewable energy projects in Southeast Europe and the Middle East. The fund aims to mitigate climate change and promote sustainable economic growth by investing in measures that reduce energy consumption, resource use, and CO₂ emissions. It operates as a public-private partnership, leveraging risk capital from public institutions alongside private capital to enhance investment volumes in regions and sectors that typically attract limited investment. The fund employs a blended finance structure, providing first- and second-loss protection through catalytic investors to attract private capital. This approach enables the financing of renewable energy, energy efficiency, and resource efficiency projects across various sectors, including agriculture, transport, and corporate finance. By working with local financial institutions and making direct investments in eligible projects and companies, the fund aims to deliver risk-mitigated returns while contributing to sustainable development and climate change mitigation. Established in 2009, Green for Growth Fund has a track record of no losses over its 15-year history. As of Q2 2025, the fund manages assets totaling €4.1 billion and has invested in 40 active countries. The fund's investments have led to significant environmental impacts, including the reduction of 1.4 million tons of CO₂ emissions annually, the saving or treatment of 2.2 million cubic meters of water, and the saving of 5.3 million MWh of energy per year. These achievements underscore the fund's commitment to advancing green initiatives and promoting sustainable economic growth in its target regions.

Investment Focus

• Institutional investors
• Professional investors
• Well-informed investors