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 - 1,165 days

Approved by GCF Board

06 Apr 2017

Lapsed

13 Jun 2020

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

GCF financing

InstrumentAmount
EquityUSD 250,000,000
GrantUSD 15,000,000
Total GCF Financing
USD 265,000,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingEquityUSD 470,000,000
Co-FinancingEquityUSD 30,000,000
Total Co-Financing
USD 500,000,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6485 (KST)
File a complaint

Integrity issues

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

Accredited Entity

European Investment Bank
Ms. Marika Levena
Green Climate Fund Operations Officer (for pipeline issues)
Phone +352-4379-83341
m.levena@eib.org
More contacts

National Designated Authority

Bahamas
Ministry of the Environment and Housing
Mr. David Cates
Permanent Secretary, Ministry of the Environment and Housing
Charlotte House, 2nd Floor North Wing, Charlotte & Shirley Streets, Nassau, Bahamas
Phone +1 (242) 322 6005
DAVIDCATES@BAHAMAS.GOV.BS
Dr. Rhianna Neely-Murphy
Head, Climate Change Unit
Phone +1 (242) 397 9468
RHIANNANEELY@BAHAMAS.GOV.BS
Barbados
Ministry of Finance, Economic Affairs and Investment
The Hon. Marsha K. Caddle, M.P.
Minister of Finance, 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
Mrs. Annette Weekes
Permanent Secretary (Ag.), Economic Affairs and Investment Division, Ministry of Finance, Economic Affairs and Investment
3rd Floor East, Warrens Office Complex Warrens, St. Michael, Barbados
Phone 535-1304/1326
annette.weekes@barbados.gov.bb
Belize
Ministry of Finance, Economic Development & Investment
Dr. Osmond Martinez
Chief Executive Officer, Ministry of Economic Development
Sir Edney Cain Building, First Floor, Right Wing, Belmopan, Belize
Phone +501 825-2526 or 2527
ceo@med.gov.bz
ana.mahmud@med.gov.bz
Mr. Leroy Josiah Martinez
Economist/Green Climate Fund Focal Point, Policy and Planning Unit, Ministry of Economic Development & Investment
Phone +501 822-2526/2527
leroy.martinez@med.gov.bz
Brazil
Secretariat for International Affairs, Ministry of Economy
Mr. Erivaldo Alfredo Gomes
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 2° andar, Sala 219, Brasília (DF), Brazil
Chile
Ministry of Finance
Mr. Alejandro Weber Pérez
Undersecretary of Finance
Teatinos 120, Santiago, Chile
Phone +56 2 2828 2007
aweber@hacienda.gov.cl
Mr. Joaquin Guajardo Beroiza
Focal Point Green Climate Fund
Teatinos 120 Santiago, Chile
Phone + (56) 2 28282312
jguajardo@hacienda.gov.cl
Comoros
Ministry of Agriculture, Fisheries, and Environment
Mr. Youssouf Hamadi
Head, Department and National Directorate of Agricultural and Strategies of Livestock & National Expert on Climate Change
P.O. Box 41, Moroni, Comoros (the)
Phone +269 333 0790
yous.hamadi@gmail.com
Costa Rica
Ministry of Environment and Energy
Her Excellency Andrea Meza Murillo
Minister of Environment and Energy
Calle 5. Av. 8-10, San José, Costa Rica
Phone +(506) 22334533
Phone +(506) 22571417
Phone +(506) 22575456
andrea.meza@minae.go.cr
despachominae@minae.go.cr
Mrs. Norma Patricia Campos Mesén
Director of the Climate Change Directorate
Esquina Calle Ronda, Barrio Dent, Centro de Cambio Climático, San José, Costa Rica
Phone +(506) 22564298
Phone +(506) 83461513
cambioclimatico@minae.go.cr
npcm11@gmail.com
Côte d'Ivoire
Minister's Office, Ministry of Environment and Sustainable Development
Mr. Marcel YAO
Public Policy, Climate Change and Ecological Transition Expert / Technical Advisor to the Minister in charge of International Cooperation and Resource Mobilization
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Abidjan, Cote d'Ivoire
Phone (225) 0707791504 / 2720239900
ensamarcel@yahoo.fr
yaomarcelclimat@gmail.com
Democratic Republic of the Congo
National Coordination of the Green Climate Fund
Mr. Hans André Lohayo Djamba
Coordinator
15, Avenue Papa Iléo (ex-des Cliniques) Commune de la Gombe, Kinshasa, Democratic Republic of the Congo (the)
Dominica
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
Ms. Milagros De Camps German
Deputy Minister of International Cooperation
Avenida Cayetano Germosén esq. Avenida Gregorio Luperón, Ensanche El Pedregal, Santo Domingo, Distrito Nacional, Dominican Republic (the)
Equatorial Guinea
Ministry of Fisheries and Environment
Mr. Gabriel Ngua Ayecaba
Director-General, Department of Environment
Phone +241 222 273 970
Phone +240 222270560
gnguaayecaba@gmail.com
Dr. Diosdado Obiang Mbomio
Advisor
Phone +240 222 213 642
Phone +240 666 505 071
dioobiang@gmail.com
Georgia
Ministry of Environmental Protection and Agriculture
Ms. Nino Tandilashvili
Deputy Minister
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Phone +995 322 237 80 30
nino.tandilashvili@mepa.gov.ge
Grenada
Ministry of Finance, Planning, Economic Development and Physical Development
Dr. Kelvin Michael George
Director, Department of Economic and Technical Cooperation
Financial Complex, Carenage, St. George's, W.I., Grenada
Ms. Isha Abraham
Deputy Permanent Secretary
Financial Complex, Carenage, St. George's, Grenada
Phone 1-473-440-5883
mcdeane@hotmail.com
Guatemala
Ministry of Environment and Natural Resources
His Excellency Mario Roberto Rojas Espino
Minister 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
Guyana
Office of the Vice President
Honourable Dr. Bharrat Jagdeo
Vice President, Co-operative Republic of Guyana
Shiv Chanderpaul Drive, Bourda,, Georgetown, Guyana
Phone +592-227-3101
vpguy2020@gmail.com
Mr. Andrew Bishop
Lead Climate Change Negotiator, Office of the President, Department of Environment and Climate Change
Ms. Tracy Smith
Project Manager, Department of Environment and Climate Change
Haiti
Ministry of Environment
Guerline Pierre
GCF Focal Point
Parc Industriel Métropolitain, Boulevard Toussaint Louverture, Port-au-Prince, Haiti
Jordan
Ministry of Environment
Mr. Belal Moh'd Suliman Shqarin
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan
Kenya
The National Treasury
Mr. Julius Muia
Principal Secretary
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya
Phone +254 20 224 0051
ps@treasury.go.ke
Mr. Peter Odhengo
Senior Policy Advisor, Climate Finance
Phone +254 722 984992
odhengo@gmail.com
Mr. Hillary Korir
Economist
Madagascar
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
Mauritius
Ministry of Finance and Economic Development
Mr. Mahess Rawoteea
Director of Development Cooperation Directorate
Ministry of Finance, Economic Planning and Development, Ground Floor, Government House, Port Louis, Mauritius
Phone 230 201 3900
mrawoteea@govmu.org
Mrs. Usha Beegun-Ramduny
Lead Analyst, Resource Mobilisation Cluster
Phone 230 260 1348
ubeegun-ramduny@govmu.org
Mexico
Ministry of Finance and Public Credit (SHCP), Unit for Public Credit
Ms. Brenda Janeth Pequeño Vargas
General Director
Av. Insurgentes Sur 1971, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Alvaro Obregón, C.P. 01020, Ciudad de México, Mexico
Phone +52 (55) 3888 1819
brenda_pequeno@hacienda.gob.mx
Morocco
Ministry of Energy, Mining and Sustainable Development, Secretariat of State for Sustainable Development
Mr. Bouzekri Razi
Director of Climate Change, Biodiversity, and Green Economy
Panama
Ministry of Environment
His Excellency 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
gpadilla@miambiente.gob.pa
Papua New Guinea
Office of Climate Change and Development
Mr. Ruel Yamuna
Acting Managing Director, Climate Change and Development Authority
Avara Annex Building, Brampton Street, Port Moresby, Papua New Guinea
Philippines
Department of Finance
Secretary Carlos G. Dominguez
Secretary
Department of Finance Building, Roxas Boulevard cor. P. Ocampo Street, Manila, Philippines (the)
Mr. Mark Dennis Y.C. Joven
Undersecretary
Department of Finance Building, Roxas Boulevard cor. P. Ocampo Street, Manila, Philippines (the)
Phone +63 2 8523-4955
mdjoven@dof.gov.ph
Saint Kitts and Nevis
Department of Economic Affairs and Public Sector Investment Planning, Bladen Commercial Development
Ms. Lavern Queeley
Director
Wellington Road, Saint Kitts and Nevis
Phone +869 467 1255
Phone +869 467 1056
lcqueeley@gmail.com
lavernqueeleyskn@gmail.com
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
cemmanuel@gosl.gov.lc
Mr. Tommy Descartes
Chief Economist (Ag.)
1st floor, Finance Administrative Centre, Point Seraphine, Castries, Saint Lucia
Phone + 1 -758-468-3814
tdescartes@gosl.gov.lc
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
cenplan@svgcpd.com
Samoa
Ministry of Finance
Mr. Leasiosiofaasisina Galumalemana Oscar Malielegaoi
Chief Executive Officer
Level 6, Central Bank Building, Apia, Samoa
South Africa
Department of Forestry, Fisheries, and the Environment
Ms. Nomfundo Tshabalala
Director General
Phone +27 12 339 9007
DG@environment.gov.za
Ms. Shahkira Parker
Senior Policy Advisor: International Governance Management
Ms. Lucia Motloung
Mr. Zaheer Fakir
Suriname
Ministry of Spatial Planning and Environment
His Excellency Mr. Silvano Tjong-Ahin
Minister, Ministry of Spatial Planning and Environment
S.M. Jamaludinstraat 26,, Paramaribo, Suriname
Mr. Glenn Gersie
Advisor to the Minister of Spatial Planning and Environment
Phone +5978952706
gersie.glenn@gmail.com
Mr. Ritesh Sardjoe
Acting Director of the Ministry of Spatial Planning and Environment
Togo
Directorate of Environment, Ministry of Environment
Mr. Esso-Sam Abdou Rassidou Agrignan
Economist Manager, in charge of financial services
Phone +228 2221 3321
Phone +228 9028 0426
ragrignan80@yahoo.fr
denv_togo@yahoo.fr
Uganda
Ministry of Finance, Planning and Economic Development
Mr. Keith Muhakanizi
Permanent Secretary / Secretary to the Treasury
Phone +256 414 707 135
keith.muhakanizi@finance.go.ug
Mr. Andrew Masaba
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation
Uruguay
Ministry of Environment
Ms. Natalie Pareja
Climate Change Director
Zabala 1442, 4th FI, Uruguay CP, 11600, Montevideo, Uruguay

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