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Geeref Next

TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided


GCF results areas
  • Energy generation and access
  • Buildings, cities, industries and appliances
UN Sustainable Development Goal
  • #7 Affordable and clean energy

Location & People

  • Africa
  • Latin America & Caribbean
  • Eastern Europe
  • Asia Pacific
  • Bahamas BS
  • Barbados BB
  • Belize BZ
  • Brazil BR
  • Chile CL
  • Comoros KM
  • Costa Rica CR
  • Côte D'Ivoire CI
  • Democratic Republic of the Congo CD
  • Dominica DM
  • Dominican Republic DO
  • Equatorial Guinea GQ
  • Georgia GE
  • Grenada GD
  • Guatemala GT
  • Guyana GY
  • Haiti HT
  • Jordan JO
  • Kenya KE
  • Madagascar MG
  • Mauritius MU
  • Mexico MX
  • Papua New Guinea PG
  • Saint Kitts and Nevis KN
  • Saint Vincent and the Grenadines VC
  • South Africa ZA
  • Suriname SR
  • Togo TG
  • Uganda UG

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Equity USD
  • Instrument Grant USD
  • EIB Equity USD
  • Other investors Equity USD

Project owners

Accredited Entity Executing Entity
  • Specialised funds selected
Geeref Next Approved April 2017 Est. implementation period 5.0 years
Catalysing private sector investment for renewable energy and energy efficiency projects across the developing world.

GEEREF NeXt is structured as a fund of funds, with the aim of being a first investor (anchor investor) in renewable energy/ energy efficiency (RE / EE) investment funds, and encouraging other investors to co-invest. Catalyzed by the GCF funding, GEEREF NeXt offers risk-averse private investors a broad diversification of capital across different projects and technologies in developing countries. 

GEEREF NeXt will operate either indirectly via specialised funds, or directly via investments into the beneficiary projects themselves. GEEREF NeXt is expected to finance more than 200 RE/EE projects through the course of its fifteen year lifespan. GEEREF NeXt will provide the long-term and patient capital which is essential to bring RE/EE projects from early development to full operations. It will build on the success of its predecessor fund, the Global Energy Efficiency and Renewable Energy Fund (GEEREF). GEEREF NeXt will build capacity and track records of local fund managers in developing countries, which will help turn RE/EE investment into a mainstream asset class for institutional investors.

The project has an estimated lifespan of 15 years.
Document title Published date
Funding proposal 24 Apr 2017
ESS report 16 Mar 2017
Gender assessment 06 Jun 2017
Gender action plan 06 Jun 2017
Accredited Entity
  • European Investment Bank (EIB) Ms. Kristina Eisele Tel: +352 437982387 Mr. Edvardas Bumsteinas Tel: +352 437986660
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