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.
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
Four regions
- Africa
- Asia-Pacific
- Eastern Europe
- Latin America and the Caribbean
Thirty-five countries
- Bahamas
- Barbados
- Belize
- Brazil
- Chile
- Comoros (the)
- Costa Rica
- Côte d'Ivoire
- Democratic Republic of the Congo (the)
- Dominica
- Dominican Republic (the)
- Equatorial Guinea
- Georgia
- Grenada
- Guatemala
- Guyana
- Haiti
- Jordan
- Kenya
- Madagascar
- Mauritius
- Mexico
- Morocco
- Panama
- Papua New Guinea
- Philippines (the)
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- Samoa
- South Africa
- Suriname
- Togo
- Uganda
- Uruguay
Three priority groups
- African States
- Least Developed Countries
- Small Island Developing States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Equity | USD 250,000,000 |
Grant | USD 15,000,000 |
Total GCF Financing |
---|
USD 265,000,000 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Equity | USD 470,000,000 |
Co-Financing | Equity | USD 30,000,000 |
Total Co-Financing |
---|
USD 500,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
European Investment Bank
Green Climate Fund Operations Officer (for pipeline issues)
More contacts
National Designated Authority
Office of the Prime Minister
Special Advisor for Climate Change & Environmental Matters
Sir Cecil Wallace Whitfield Center, Nassau, Bahamas
Director, Department of Environmental Planning and Protection Ministry of Environment and Natural Resources
Deputy Director Economics, Ministry of Finance
Economic Affairs and Investment Division Ministry of Finance, Economic Affairs and Investment
Minister in the Ministry of Finance, Economic Affairs and Investment (Economic Affairs and Investment Division)
3rd Floor East, Warrens Office Complex Warrens, St Michael, Barbados
Permanent Secretary, Economic Affairs and Investment Division, Ministry of Finance, Economic Affairs and Investment
3rd Floor East, Warrens Office Complex, Warrens St. Michael, St. Michael, Barbados
Director, Roofs to Reefs Programme (R2RP), Prime Minister’s Office
Government Headquarters Bay Street St. Michael, Barbados
Chief Economist, Economic Affairs and Investment Division, Ministry of Finance, Economic Affairs and Investment
Economist I, Economic Affairs and Investment Division, Ministry of Finance, Economic Affairs and Investment
Secretary to the Minister, Economic Affairs and Investment Division, Ministry of Finance, Economic Affairs and Investment
Ministry of Finance, Economic Development & Investment with responsibility for Economic Development & Investment
Ag. Chief Executive Officer
Sir Edney Cain Building, First Floor, Right Wing, Belmopan, Belize
Ag. Director/Green Climate Fund Focal Point, Climate Finance Unit, Ministry of Economic Development
Secretariat for International Affairs, Ministry of Finance
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Ministry of Finance
Undersecretary of Finance
Teatinos 120, Santiago, Chile
Senior Advisor, Financial and International Affairs
Teatinos 120, Santiago, Chile
Ministry of Agriculture, Fisheries, Environment, Tourism, and Handcraft
Director General in charge of the Environment and Forests
Ministry of Environment and Energy
Vice-minister of Strategic Affairs
Calle 25. Av. 8-10, San Jose, Costa Rica
International Cooperation Director
Calle 25. Av. 8-10, San Jose, Costa Rica
International Cooperation Officer
Calle 25. Av. 8-10, San José, Costa Rica
Minister's Office, Ministry of Environment and Sustainable Development
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
Deputy Director of Climate Change
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Cote d'Ivoire
National Coordination of the Green Climate Fund
National Coordinator and GCF Focal Point for the Democratric Republic of the Congo
Ministry of Finance, Economic Development, Climate Resilience and Social Security
Financial Secretary
5th Floor, Financial Centre Kennedy Avenue Roseau Commonwealth of Dominica
Chief Development Planner (Ag.)
5th Floor, Financial Centre Kennedy Avenue Roseau Commonwealth of Dominica
National Programme Coordinator for GCF Programme Activities
5th Floor, Financial Centre Kennedy Avenue Roseau Commonwealth of Dominica
Ministry of Environment and Natural Resources
Viceminister of Climate Change and Sustainibility
Ave. Cayetano Germosén esq. Ave. Gregorio Luperón. Ensanche El Pedregal, Santo Domingo, Dominican Republic (the)
Ministry of Fisheries and Environment
Director-General, Department of Environment
Advisor
Ministry of Environmental Protection and Agriculture
Deputy Minister
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Head, Climate Change Division
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Ministry of Climate Resilience, the Environment and Renewable Energy
Permanent Secretary Ministry of Climate Resilience, the Environment and Renewable Energy
4th Floor, Ministerial Complex, Sir Eric M. Gairy Botanical Gardens St. George's, Grenada W.I., St. George's, Grenada
Director of Climate Resilience Ministry of Climate Resilience, the Environment and Renewable Energy
4th Floor, Ministerial Complex, Sir Eric M. Gairy Botanical Gardens St. George's, Grenada W.I., St. George's, Grenada
Ministry of Environment and Natural Resources
Minister of Environment and Natural Resources of Guatemala
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Head of International Cooperation
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Office of the Vice President
Vice President, Co-operative Republic of Guyana
Shiv Chanderpaul Drive, Bourda,, Georgetown, Guyana
Lead Climate Change Negotiator, Office of the President, Department of Environment and Climate Change
Senior Director for Climate and REDD+, Ministry of Natural Resources
Ministry of Environment
Director General, Ministry of Environment
Parc Industriel Metropolitain (SONAPI), Route de l' Aeroport, Boulevard Toussaint Louverture, Port-au-Prince, Haiti
Director for Climate Change, Ministry of Environment
Parc Industriel Metropolitain (SONAPI), Route de l' Aeroport, Boulevard Toussaint Louverture, Port-au-Prince, Haiti
Ministry of Environment
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan
The National Treasury
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Programme Manager, National Coordination (FLLoCA)
Senior Policy Advisor, Climate Finance
Ministry of the Environment and Sustainable Development
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar
Ministry of Finance and Economic Development
Deputy Financial Secretary
Government Centre, Port Louis, Mauritius
Lead Analyst, Resource Mobilisation Cluster
Ministry of Finance and Public Credit, Unit of Public Credit and International Affairs
Director General of International Fora and Sustainable Financing
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Director of Sustainable Financing
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Deputy Director of Climate Change
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Deputy Director of International Fora
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Director of Climate Change, Biodiversity, and Green Economy
Ministry of Environment
Climate Change Director
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Head of International Technical Cooperation Office
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Office of Climate Change and Development
Special Envoy for Climate and Environment
Dynasty Tower, Stratos Avenue, Waigani, National Capital District, Port Moresby, Papua New Guinea
Adviser to the NDA
Department of Finance
Undersecretary, International Finance Group
Department of Economic Affairs and Public Sector Investment Planning Ministry of Sustainable Development
Senior Project Analyst Department of Economic Affairs & PSIP Ministry of Sustainable Development
Bladen Commercial Development Wellington Road, Basseterre, Saint Kitts and Nevis
Ministry of Finance, Economic Development and the Youth Economy
Permanent Secretary, Department of Economic Development
1st Level, Finance Administrative Centre, Pointe Seraphine, Castries, Saint Lucia
Chief Economist, Department of Economic Development
2nd Level, Finance Administrative Centre, Pointe Seraphine, Castries, Saint Lucia
Economist, Department of Economic Development
2nd Level, Finance Administrative Centre, Pointe Seraphine, Castries, Saint Lucia
Ministry of Finance, Economic Planning, Sustainable Development, and Information Technology
Director of Planning (Ag.)
2nd Floor Administrative Complex, Bay Street, Kingstown, Saint Vincent and the Grenadines
Ministry of Finance
Chief Executive Officer
1 Apia City Boulevard, Central Bank Building, Apia, Samoa
Deputy Chief Executive Officer, Operations Department
1 Apia City Boulevard, Central Bank Building, Apia, Samoa
Deputy Chief Executive Officer, Policy Department
1 Apia City Boulevard, Central Bank Building, Apia, Samoa
Head of Climate Resilience Investment Coordination Division
Department of Forestry, Fisheries, and the Environment
Senior Policy Advisor: International Governance Management
Ministry of Spatial Planning and Environment
Minister
Prins Hendrikstraat #22, Paramaribo, Suriname
Permanent Secretary for Environment
Permanent Secretary for General and Financial Affairs
Directorate of Environment, Ministry of Environment
Director of Environment
240 rue des Nîmes Lomé - Togo -, Lomé, Togo
Environmentalist, head of planning unit
240 rue des Nîmes Lomé - Togo, Lomé, Togo
Ministry of Finance, Planning and Economic Development
Permanent Secretary / Secretary to the Treasury
Ag. Director Debt and Cash Policy
Ag. Commissioner, Development Assistance and Regional Cooperation Department
Head, Climate Finance Unit
Ministry of Environment
Climate Change Director
Zabala 1442, 4th FI, Uruguay CP, 11600, Montevideo, Uruguay
Documents
Title | Type | Date |
---|---|---|
Gender assessment for FP038: Geeref Next | Gender assessment | 06 Jun 2017 |
Gender action plan for FP038: Geeref Next | Gender action plan | 06 Jun 2017 |
GEEREF NeXt | Approved funding proposal | 24 Apr 2017 |
Environmental and social safeguards (ESS) report for FP038: Geeref Next | Environmental and Social Safeguards report | 16 Mar 2017 |