Millions in funding for GGF initiative Climate Action in Middle East and North Africa

The Green for Growth Fund (GGF) has attracted 4 million euros in dedicated funding from the initiative Climate Action in the Middle East North Africa (CAMENA). Combined with €5 million in support from the European Investment Bank (EIB) through the Luxembourg-EIB Climate Finance Platform in 2018, the GGF has increased its capacity to leverage further private investments for green lending in the region. The GGF has seen remarkable growth in its MENA investment portfolio, which increased by over 50% in volume in 2018 to cross the 133 million euros mark. The GGF leverages public and private capital to fund pioneering green energy initiatives such as the Phoenix 50 MW sub-project of the Benban Solar Park in Egypt, the largest solar farm in the world.

Source : https://bit.ly/2TNQkdC