- GEEREF’s beneficiaries are small and medium size (i.e. € 5-10 million) renewable energy and energy efficiency projects and enterprises in developing countries and economies in transition. These projects and enterprises often suffer from lack of capital financing – despite of potentially attractive returns of the sector.
- Specific needs of the rural population in Least Developed Countries (LDC) for electrification and sustainable energy services are often not met due to lack of investment. GEEREF will give priority to those funds that invest in renewable energy (including hydro, solar, wind and biomass), solar heaters/cookers/pasteurisers, wind pumps and improved cook stoves. GEEREF may work with alongside with microfinance institutions to achieve its objectives.
- GEEREF will catalyse the mobilisation of public and private capital (equity and debt). It is estimated that up to €1 billion could be mobilised through the funds in which GEEREF will participate and the final projects in which these funds will invest.