Paul Norrish over at G24i emailed some exciting news to me yesterday: GEEREF--the Global Energy Efficiency and Renewable Energy Fund--has issued the much anticipated Call for Proposals for Clean Energy Investment Funds. It is jointly managed by Triodos Investment Management and E+Co. GEEREF is an opportunity for fund management companies, financial institutions, project developers or individuals from African and other developing countries seeking "to develop a clean energy investment fund or...to expand an existing fund into the clean energy sector." As a "fund of funds" it is designed to enable
...regional clean energy funds in Africa, Asia and Latin America to make investments into a broad mix of small and medium sized clean energy projects and enterprises. GEEREF provides “patient” capital and mezzanine financing and will be able to mitigate risks for co-investors in regional funds. Clean energy includes hydropower, solar photovoltaics, solar heating, wind energy, biomass and biogas, as well as energy efficiency and cleaner fuels. Regional funds can make investments in projects that generate clean energy or in companies that manufacture, sell, operate, lease, install or maintain clean energy equipment.