Geeref Next

Geeref Next

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.

Total project value


Tonnes of emissions avoided




Result areas

Project timeline


18 Apr 2016 - 354 days

Funding proposal received

18 Apr 2016

Cleared by iTAP

03 Apr 2017


06 Apr 2017 - 1,146 days so far

Approved by GCF Board

06 Apr 2017

Under implementation

  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

EquityUSD 250,000,000
GrantUSD 15,000,000


Co-FinancingEquityUSD 470,000,000
Co-FinancingEquityUSD 30,000,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 10 4458 7751
Send message

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155
Send e-mail

Accredited Entity

European Investment Bank

Ms. Maria Esther Badiola Guerra
Green Climate Fund Operations Officer (for pipeline issues)
Phone +352-437982661

National Designated Authority


The Ministry of the Environment Housing

Ms Janice Miller
Permanent Secretary (Acting)
Ministry of the Environment and Housing, Charlotte House, 2nd Floor North Wing, Charlotte & Shirley Streets, P.O. Box N-4849, Nassau, Bahamas

Ministry of Finance, Economic Affairs and Investment

The Hon. Marsha K. Caddle M.P.
Minister in the Ministry of Economic Affairs and Investment
3rd Floor East, Warrens Office Complex, Warrens, St. Michael, Barbados
Phone 535-1302
Phone 535-1317
Mr. Edison Alleyne
Permanent Secretary Economic Affairs and Investment Division Ministry of Finance, Economic Affairs and Investment
3rd Floor East, Warrens Office Complex, Warrens, St. Michael, Barbados
Phone 535-1325
Phone 535-1326

Ministry of Economic Development, Petroleum, Investment, Trade and Commerce

Her Excellency Sharman Hyde
Chief Executive Officer
Ground Floor, Right Wing, Sir Edney Cain Building Belmopan City, Cayo District, Belize, Central America, Belmopan City, Belize
Phone +501 822 2626
Phone +501 822 2527

Ministry of Finance

Mr. Francisco Moreno Guzmán
Teatinos 120, Santiago, Chile
Phone +56 2 2828 2007
Phone +56 2 2828 2017
Ms. Trinidad Lecaros Cox
Macroeconomic Analyst, Sustainable Development and Natural Resources Area
Teatinos 120, Santiago, Chile
Phone +56 2 2828 2232
Phone +56 2 2828 2050

Ministry of Production, Environment, Energy, Industry and Handicrafts

Mr. Youssouf Hamadi
Head of the Department and National Directorate of Agricultural and Strategies of Livestock and National Expert on Climate Change
P.O. Box 41, Moroni - Comoros, Union of the Comoros, Comoros (the)
Phone +269 333 0790
Côte d'Ivoire

Bureau of Climate Change (BCC), Ministry of Environment and Sustainable Development

Mr. Tiangoua Kone
Deputy Director of Climate Change
Phone +225 07 2677 01

Ministry of Economic Affairs, Planning, Resilience, Sustainable Development, Telecommunications and Broadcasting

Dr. Kyra Paul L’Homme
Acting Chief Development Officer
5th Floor, Financial Centre, Kennedy Avenue, Roseau, Dominica
Dominican Republic

Ministry of Environment and Natural Resources

His Excellency Angel Bourdierd
Minister of Environment and Natural Resources
Ave. Cayetano Germosen, Esq. Ave. Gregorio Luperon, El Pedregal, Santo Domingo, Dominican Republic (the)
Democratic Republic of the Congo

National Coordination of the Green Climate Fund

Mr. Hans Djamba
15, Avenue Papa Iléo (ex-des Cliniques) Commune de la Gombe, Kinshasa B.P. 12.348 Kin I République Démocratique du Congo, Kinshasa, Democratic Republic of the Congo (the)
Equatorial Guinea

Ministry of Fisheries and Environment

Mr. Gabriel Ayecaba
Director-General, Department of Environment
Malabo, Equatorial Guinea, Malabo, Equatorial Guinea
Phone +241 222 273 970
Phone +240 222270560

Ministry of Environmental Protection and Agriculture

Ms. Nino Tandilashvili
Deputy Minister
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Phone +995 322 237 80 30

Ministry of Environment and Natural Resources

His Excellency Mr. Mario Roberto Rojas Espino
Minister, Ministry of Environment and Natural Resources
7a. Avenue 03-67 Zone 13, Guatemala City, Guatemala
Mr. Fredy Antonio Chiroy Barreno
Deputy Minister, Ministry of Environment and Natural Resources
7a. Avenue 03-67 Zone 13, Guatemala City, Guatemala
Mr. Juan Carlos Diaz Contreras
Director of International Cooperation
7a. Avenue 03-67 Zone 13, Guatemala City, Guatemala

Ministry of Environment

Guerline PIERRE
GCF Focal Point
Parc Industriel Métropolitain, Boulevard Toussaint Louverture, Port-au-Prince, Haiti

Ministry of Environment

Mr. Belal Shqarin
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan

The National Treasury

Mr. Julius Muia
Principal Secretary
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya
Phone +254 20 224 0051
Mr. Hillary Korir
Mr. Peter Odhengo
Senior Policy Advisor, Climate Finance
Phone +254 722 984992

Ministry of Environment, Ecology, Sea and Forests

Ms. Lovakanto Ravelomanana
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar

Ministry of Finance and Economic Development

Mr. Gerard Bussier
Director, Development Cooperation and International Affairs Directorate
Government House, Port Louis, Republic of Mauritius, Port Louis, Mauritius
Phone +230 201 2485
Mrs Rachna Ramsurn
Senior Analyst, Resource Mobilisation Cluster, Development Cooperation Directorate
Government House, Port Louis, Republic of Mauritius, Port Louis, Mauritius
Phone +230 201 2314
Papua New Guinea

Office of Climate Change and Development (OCCD)

Mr. Ruel Yamuna
Acting Managing Director Climate Change and Development Authority
Avara Annex Building, Brampton Street, Port Moresby, NCD. P O Box 4017, Boroko 111, NCD. Papua New Guinea, Papua New Guinea
Saint Vincent and the Grenadines

Ministry of Finance, Economic Planning, Sustainable Development, and Information Technology

Mr. Recardo Frederick
Director of Planning (Ag.)
2nd Floor Administrative Complex, Bay Street, Kingstown, Saint Vincent and the Grenadines
Phone +1 784 457 1746
South Africa

Department of Environmental Affairs

Ms. Nosipho Ngcaba
Private Bag X447, Pretoria, 0001, South Africa
Phone +27 12 339 9007
Phone +27 12 359 3611
Saint Kitts and Nevis

Department of Economic Affairs and Public Sector Investment Planning (PSIP)

Ms. Lavern Queeley
Director, Department of Economic Affairs and PSIP Bladen's Commercial Development
Wellington Road, Saint Kitts and Nevis
Phone +869 467 1255
Phone +869 467 1056

Ministry of Finance

His Excellency Mr. Gillmore Hoefdraad
Jamaludinstraat no.26, Suriname
Ms. Drs. I. Sandel
Permanent Secretary, Directorate of Planning & Development Finance
Henck Arronstraat 36, Suriname

Directorate of Environment, Ministry of Environment

Mr. Esso-Sam Rassidou Agrignan
Economist Manager, in charge of financial services
BP: 4825 Lomé-Togo, Lome, Togo
Phone +228 2221 3321
Phone +228 9028 0426

Ministry of Finance, Planning and Economic Development

Mr. Keith Muhakanizi
Permanent Secretary/Secretary to the Treasury (PS/ST)
Phone +256 414 707 135
Mr. Andrew Masaba
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation

Secretariat for International Affairs, Ministry of Economy

Mr Erivaldo Gomes
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 2° andar, Sala 219, Brasília (DF), Brazil
Phone +55 61 2020-4654
Costa Rica

Ministry of Environment and Energy

His Excellency Msc. Carlos Rodriguez
Minister of Environment and Energy
Calle 25, Av. 8-10, San Jose, Costa Rica

Ministry of Finance, Planning, Economic Development and Physical Development

Mr. Titus Antoine
Head (Ag.) Department of Economic and Technical Cooperation
Financial Complex,Carenage, St. George's, Grenada
Phone +473 435 8889
Phone +473 534 9060
Ms. Isha Abraham
Deputy Permanent Secretary
Financial Complex,Carenage, St. George's, Grenada
Phone +473 440 2731
Phone +473 534 5569

Ministry of the Presidency

Honourable Dawn Hastings-Williams,MP
Minister of State
Vlissengen Road, Bourda, Georgetown, Guyana
Ms. Janelle Christian
Head of the Office of Climate Change
Vlissengen Road, Bourda, Georgetown, Guyana

Ministry of Finance and Public Credit (SHCP)

Ms María Fernanda Lara
Director for Sustainable Financing
Av. Insurgentes Sur 1971, Torre III, Piso 3, Col. Guadalupe Inn, Delegación Alvaro Obregón,, Mexico City, Mexico
Phone +52 (55) 3688 00 Ext. 52608

Ministry of Energy, Mining and Sustainable Development, Secretariat of State for Sustainable Development

Mr. Bouzekri Razi
Director of Climate Change, Biodiversity, and Green Economy

Ministry of Environment

His Excellency Mr. Milciades Concepción
Minister of Environment
Building 804, Albrook,, Panama
Mr. Gustavo Padilla C.
Head of the International Coordination Office
Building 804, Albrook,, Panama
Phone (+ 507) 500-0803

Climate Change Commission

Ms. Rachel Herrera
6th Floor, First Residences Building, J.P. Laurel Street, Malacañang, San Miguel, Manila, Philippines (the)
Phone +63 (02) 426-2948
Saint Lucia

Department of Economic Development, Transport and Civil Aviation

Mr Claudius Emmanuel
Permanent Secretary (Ag.)
1st Floor, Finance Administrative Centre, Point Seraphine, Castries, Saint Lucia
Phone 1-758-468-5825
Mr. Tommy Descartes
Chief Economist (Ag.)
1st floor, Finance Administrative Centre, Point Seraphine, Castries, Saint Lucia
Phone + 1 -758-468-3814

Ministry of Finance

Mr. Leasiosiofaasisina Malielegaoi
Chief Executive Officer
Ministry of Finance, Level 6, Central Bank Building, Apia, Samoa

Ministry of Housing, Land Planning and Environment Climate Change Division

Ms. Natalie Pareja
Director Climate Change Division
Zabala 1432, 2nd floor, Montevideo, Uruguay CP, Uruguay