FP164
Green Growth Equity Fund
Green Growth Equity Fund
Over the past century, India’s average temperature has increased by around 0.7°C, largely due to climate change. By the end of the twenty-first century, temperatures are projected to rise by approximately 2.4°C to 4.7°C – setting a major challenge for India.
This programme is India’s first of its kind climate-focused fund. It will invest in low-carbon and climate-resilient platforms across the energy value chain. This includes renewable energy generation, energy efficient technologies, low carbon transport and resource conservation, including water and waste management. The programme provides equity and grants to accelerate the uptake of Indian green infrastructure projects.
Project timeline
Pipeline
04 Jun 2020 - 289 days
Concept note received
04 Jun 2020
Funding proposal received
24 Jul 2020
Cleared by GCF Secretariat
11 Dec 2020
Cleared by iTAP
23 Feb 2021
Approved
19 Mar 2021 - 246 days
Approved by GCF Board
19 Mar 2021
Legal opinion on AE's Internal Approval
13 Jul 2021
FAA executed
20 Oct 2021
Under implementation
19 Nov 2021 - 1,138 days so far
FAA effective
19 Nov 2021
Disbursement - USD 33,000,000
06 Dec 2021
Disbursement - USD 38,000,000
03 Mar 2022
Disbursement - USD 12,333,333
12 Jun 2023
Disbursement - USD 2,144,625
12 Jun 2023
Disbursement - USD 2,355,375
09 Apr 2024
To be completed
19 Mar 2030 - 1,905 days to go
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing64% disbursed
| Instrument | Amount |
|---|---|
| Equity | USD 132,500,000 |
| Grant | USD 4,500,000 |
| Total GCF Financing |
|---|
| USD 137,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Equity | USD 340,000,000 |
| Co-Financing | Equity | USD 397,500,000 |
| Co-Financing | Equity | USD 70,000,000 |
| Total Co-Financing |
|---|
| USD 807,500,000 |
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
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden
Portfolio Manager, Public Investment Management
Associate – Public Investment Management and Blending
More contacts
National Designated Authority
Ministry of Environment, Forests and Climate Change
Economic Advisor
Indira Paryavaran Bhavan, Jor Bagh Road, New Delhi-110003, New Delhi, India