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Geeref Next

TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided


GCF results areas
  • Energy generation and access
  • Buildings, cities, industries and appliances
UN Sustainable Development Goal
  • #7 Affordable and clean energy

Location & People

  • Latin America and the Caribbean
  • Africa
  • Eastern Europe
  • Asia-Pacific
  • Bahamas BHS
  • Barbados BRB
  • Belize BLZ
  • Brazil BRA
  • Chile CHL
  • Comoros COM
  • Costa Rica CRI
  • Côte d'Ivoire CIV
  • Democratic Republic of the Congo COD
  • Dominica DMA
  • Dominican Republic DOM
  • Equatorial Guinea GNQ
  • Georgia GEO
  • Grenada GRD
  • Guatemala GTM
  • Guyana GUY
  • Haiti HTI
  • Jordan JOR
  • Kenya KEN
  • Madagascar MDG
  • Mauritius MUS
  • Mexico MEX
  • Papua New Guinea PNG
  • Saint Kitts and Nevis KNA
  • Saint Vincent and the Grenadines VCT
  • South Africa ZAF
  • Suriname SUR
  • Togo TGO
  • Uganda UGA

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Equity USD
  • Instrument Grant USD
  • EIB Equity USD
  • Other investors Equity USD

Project owners

Accredited Entity Executing Entity
  • Specialised funds selected
Geeref Next Approved April 2017 Est. implementation period 5.0 years
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.
Document title
Published date
ESS report FP038 - EIB - Multiple countries 16 Mar 2017
Gender action plan FP038 - EIB - Multiple countries 06 Jun 2017
Gender assessment FP038 - EIB - Multiple countries 06 Jun 2017
Approved funding proposal FP038 - EIB - Multiple Countries 24 Apr 2017
Accredited Entity
  • European Investment Bank (EIB) Ms. Kristina Eisele Tel: +352 437982387
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