Timeline: Oct 2018 – Apr 2028
Budget: USD 715,200,000 budget across 17 countries (grant: USD 38,000,000, equity: USD 615,000,000)
Programme brief:
The programme is providing loans and technical assistance in 17 developing countries across Africa and Latin America and the Caribbean to create self-sustaining markets in energy efficiency, renewable energy and climate resilience. The main objectives are to scale up climate finance in the targeted countries, to redirect financial flows, and reinforce the capacity of local partners in climate-related sectors, which is done by providing loans through local partner financial institutions to borrowers in sustainable energy, energy efficiency, housing, agriculture, forestry and water and waste management. It will also include a technical support component.