FP038

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

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

18 Apr 2016 - 354 days

Funding proposal received

18 Apr 2016

Cleared by iTAP

03 Apr 2017

Approved

06 Apr 2017 - 1,094 days so far

Approved by GCF Board

06 Apr 2017

Under implementation

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

GCF financing

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

Cofinancing

CofinancerInstrumentAmount
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

Maria Esther Badiola Guerra
Green Climate Fund Operations Officer (for pipeline issues)
Phone +352-437982661
e.badiola@eib.org

National Designated Authority

Bahamas

The Ministry of the Environment Housing

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
Barbados

Ministry of Finance, Economic Affairs and Investment

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
marsha.caddle@barbados.gov.bb
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
edison.alleyne@barbados.gov.bb
Belize

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

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
Yvonne.Hyde@med.gov.bz
Chile

Ministry of Finance

Francisco Moreno Guzmán
Undersecretary
Teatinos 120, Santiago, Chile
Phone +56 2 2828 2007
Phone +56 2 2828 2017
fmoreno@hacienda.gov.cl
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
tlecaros@hacienda.gov.cl
Comoros

Ministry of Production, Environment, Energy, Industry and Handicrafts

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
yous.hamadi@gmail.com
Côte d'Ivoire

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

Tiangoua Kone
Deputy Director of Climate Change
Phone +225 07 2677 01
tiangoua.kone@yahoo.fr
Dominica

Ministry of Planning, Economic Development and Investment

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

Ministry of Environment and Natural Resources

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

Hans Djamba
Coordonnateur
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

Gabriel Ayecaba
Director-General, Department of Environment
Malabo, Equatorial Guinea, Malabo, Equatorial Guinea
Phone +241 222 273 970
Phone +240 222270560
gnguaayecaba@gmail.com
Georgia

Ministry of Environmental Protection and Agriculture

Nino Tandilashvili
Deputy Minister
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Phone +995 322 237 80 30
nino.tandilashvili@mepa.gov.ge
Guatemala

Ministry of Environment and Natural Resources

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

Ministry of Environment

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

Ministry of Environment

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

The National Treasury

Julius Muia
Principal Secretary
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya
Phone +254 20 224 0051
ps@treasury.go.ke
Hillary Korir
Economist
Peter Odhengo
Senior Policy Advisor, Climate Finance
Phone +254 722 984992
odhengo@gmail.com
Madagascar

Ministry of Environment, Ecology, Sea and Forests

Lovakanto Ravelomanana
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar
Phone +261 34 86 793 38
lovakanto@gmail.com
Mauritius

Ministry of Finance and Economic Development

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

Office of Climate Change and Development (OCCD)

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

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

Department of Environmental Affairs

Nosipho Ngcaba
Director-General
Private Bag X447, Pretoria, 0001, South Africa
Phone +27 12 339 9007
Phone +27 12 359 3611
NNgcaba@environment.gov.za
Saint Kitts and Nevis

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

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
lcqueeley@gmail.com
lavernqueeleyskn@gmail.com
Suriname

Ministry of Finance

Gillmore Hoefdraad
Minister
Jamaludinstraat no.26, Suriname
Drs. I. Sandel
Permanent Secretary, Directorate of Planning & Development Finance
Henck Arronstraat 36, Suriname
Togo

Directorate of Environment, Ministry of Environment

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
ragrignan80@yahoo.fr
denv_togo@yahoo.fr
Uganda

Ministry of Finance, Planning and Economic Development

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

Secretariat for International Affairs, Ministry of Economy

Erivaldo Gomes
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 2° andar, Sala 219, Brasília (DF), Brazil
Phone +55 61 2020-4654
and.gcf@economia.gov.br
Costa Rica

Ministry of Environment and Energy

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

Ministry of Finance, Planning, Economic Development and Physical Development

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
titusantoine@detc.gov.gd
Isha Abraham
Deputy Permanent Secretary
Financial Complex,Carenage, St. George's, Grenada
Phone +473 440 2731
Phone +473 534 5569
mcdeane@hotmail.com
Guyana

Ministry of the Presidency

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

Ministry of Finance and Public Credit (SHCP)

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
fernanda_montero@hacienda.gob.mx
Morocco

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

Bouzekri Razi
Director of Climate Change, Biodiversity, and Green Economy
Panama

Ministry of Environment

Milciades Concepción
Minister of Environment
Building 804, Albrook,, Panama
Gustavo Padilla C.
Head of the International Coordination Office
Building 804, Albrook,, Panama
Phone (+ 507) 500-0803
gpadilla@miambiente.gob.pa
Philippines

Climate Change Commission

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

Department of Economic Development, Transport and Civil Aviation

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

Ministry of Finance

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

Ministry of Housing, Use of the Land and Environment Department of Climate Change

Ignacio Lorenzo
Director of Climate Change
Zabala 1432, 4o piso, Montevideo 11000, Uruguay, Montevideo, Uruguay