GEEREF

Luxembourg, Luxembourg

SolarWindHydroGeothermalBiomassOther

Founded 2008

Profile last updated: August 10, 2026

About

Founded in 2008, GEEREF is a renewable energy company headquartered in Luxembourg, Luxembourg specializing in Solar, Wind, Hydro.

GEEREF is a Luxembourg-based Fund-of-Funds that invests public and private risk capital in specialist renewable energy and energy efficiency private equity funds. These funds develop small and medium-sized clean energy projects in emerging markets and economies in transition, with the aim of catalysing private sector investment. GEEREF is advised by the European Investment Bank Group, combining EIB and EIF expertise, and is structured as a public-private partnership pursuing a triple bottom line of people, planet and profit. Its investment period closed in May 2019 and the fund is now fully invested. It publishes an annual impact report on its contribution to the Sustainable Development Goals.

Headquarters

Luxembourg, Luxembourg

Founded

2008

Focus areas

Fund-of-FundsClean energyEnergy efficiencyEmerging marketsPrivate equityPublic-private partnershipImpact investingODA

Products & services

Service areas (1)

Clean energy fund-of-funds investment
Invests through specialist renewable energy and energy efficiency private equity funds that develop small and medium-sized projects in emerging markets.

Locations

Headquarters

avenue J. F. Kennedy 37B, L-2968, Luxembourg, Luxembourg

Service regions

Sub-Saharan AfricaLatin AmericaCaribbeanMiddle East and North AfricaSouth AsiaSoutheast AsiaCaucasus

Projects

Caucasus Clean Energy Fund

Private equity fund investing in small and medium-scale hydropower plants (10-20 MW) in Georgia. GEEREF committed USD 13.0 million, managed by Cerberus Frontier.

Catalyst MENA Clean Energy Fund

Private equity fund investing in renewable energy infrastructure and small-scale renewable and energy efficiency projects in the Middle East and North Africa. GEEREF committed USD 16.6 million, managed by Catalyst Investment Management.

Africa Renewable Energy Fund (AREF)

Private equity fund investing in renewable energy infrastructure in Sub-Saharan Africa, excluding South Africa. GEEREF committed USD 19.6 million, managed by Berkeley Energy.

Renewable Energy Asia Fund II (REAF II)

Private equity fund investing in renewable energy infrastructure across South and Southeast Asia. GEEREF committed USD 15.9 million, managed by Berkeley Energy.

Renewable Energy Asia Fund (REAF)

Private equity fund investing in renewable energy infrastructure across South and Southeast Asia. GEEREF committed 12.5 million, managed by Berkeley Energy. Investment period has ended.

Frontier II

Private equity fund providing equity to early-stage renewable energy projects in East Africa. GEEREF committed USD 20.9 million, managed by Frontier Investment Management.

DI Frontier Market Energy & Carbon Fund

Private equity fund providing equity to small-scale renewable energy, fuel switch and energy efficiency projects in Sub-Saharan Africa. GEEREF committed 10.0 million, managed by Frontier Investment Management.

Evolution II

Private equity fund providing equity to clean energy and clean technology projects in Sub-Saharan Africa, including South Africa. GEEREF committed USD 21.0 million, managed by Inspired Evolution.

Evolution One

Private equity fund providing equity to clean energy and clean technology projects in the Southern African Development Community. GEEREF committed 10.0 million, managed by Inspired Evolution. Investment period has ended.

SolarArise

India-focused solar asset vehicle investing in grid-connected solar PV projects. GEEREF committed 12 million.

MGM Sustainable Energy Fund II

Private equity fund providing equity and mezzanine financing to energy efficiency and renewable energy projects in Latin America and the Caribbean. GEEREF committed USD 16.9 million, managed by MGM Innova Capital Management.

MGM Sustainable Energy Fund (MSEF)

Private equity fund providing equity and mezzanine financing to energy efficiency and renewable energy projects in Colombia, Mexico, Central America and the Caribbean. GEEREF committed 10.0 million, managed by MGM Innova Capital Management. Investment period has ended.

ARCH Africa Renewable Power Fund

Fund investing in African renewable power projects. GEEREF committed USD 19.6 million, managed by ARCH Emerging Partners.

Armstrong South East Asia Clean Energy Fund

Private equity fund investing in small-scale renewable energy and resource efficiency projects in Southeast Asia. GEEREF committed 10.0 million, managed by Armstrong Asset Management.

Emerging Energy Latin America Fund II (EELAF II)

Private equity fund investing in renewable energy infrastructure in Latin America, focused on hydroelectricity, wind and solar. GEEREF committed 12.5 million, managed by Emerging Energy and Environment.