Green Growth Equity Fund

  • Mitigation
  • Under implementation
Date approved
19 Mar 2021
Est. completion
19 Mar 2030
ESS Category
Intermediation 1
Financing
Private sector
Entity
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden

Overview

Over the past century, India’s average temperature has increased by around 0.7°C, largely due to climate change. By the end of the twenty-first century, temperatures are projected to rise by approximately 2.4°C to 4.7°C – setting a major challenge for India.

This programme is India’s first of its kind climate-focused fund. It will invest in low-carbon and climate-resilient platforms across the energy value chain. This includes renewable energy generation, energy efficient technologies, low carbon transport and resource conservation, including water and waste management. The programme provides equity and grants to accelerate the uptake of Indian green infrastructure projects.

Result areas

Countries

Regions

Project timeline

  • Pipeline

    289 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    246 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    1,670 days so far

    • FAA effective

  • To be completed

    1,373 days to go

    Not started

  • Total project value $ 945 million

  • Tonnes of CO2 equivalent avoided 452 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 945 million

Show details

GCF-financing

64% disbursed

  • Equity USD 132,500,000
  • Grant USD 4,500,000
  • Total GCF-financing USD 137,000,000

Co-financing

  • Equity USD 340,000,000
  • Equity USD 397,500,000
  • Equity USD 70,000,000
  • Total co-financing USD 807,500,000

Documents

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