Green Energy Transition Partnerships

The Green for Growth Fund (GGF) has announced a series of agreements to support solar power and energy storage projects across the Western Balkans, committing to eight deals that expand its regional green financing activity. The new commitments are backed by an investment from KfW and are expected to increase GGF’s green financing capacity in the region by up to EUR 176 million. The package reported at the EU–Western Balkans Investment Forum includes an EU contribution of EUR 20 million to GGF class C shares, channeled via KfW, and a EUR 4 million donation to the fund’s capacity building and advisory facility, with the stated aim of accelerating project development and technical assistance for local partners.

The announced transactions combine direct green lending and technical support to local financial institutions with targeted investments in utility and distributed renewable projects, including solar and storage assets, to address energy security and decarbonization needs. GGF and its advisor, Finance in Motion, frame the initiative as a means to mobilize private capital, strengthen bankable pipelines, and scale energy transition investments in countries preparing for EU integration. Implementation priorities cited include improving project bankability, expanding advisory services, and coordinating donor and development bank resources to reduce perceived investment risk and increase deployment of clean energy infrastructure.

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