GreenEU Fund

Author: Nicolas Payen
Date: April 2025, based on work done in 2021/2022

Mission & Philosophy

The GreenEU Fund is a mission-driven climate finance initiative designed to accelerate the deployment of renewable energy and energy efficiency projects developed by SMEs across Europe. It addresses the dual challenge of limited access to capital and capacity for smaller clean energy developers. By integrating a digital platform, flexible financing tools, and technical assistance, GreenEU aims to unlock the full potential of local climate champions.

Fund Structure

Target Projects

GreenEU targets greenfield projects led by SMEs with CAPEX between EUR 1M and 75M. Eligible technologies include:

Projects must be located in Europe (including EU Neighbourhood) and demonstrate secured cash flow structures such as PPAs or Energy Performance Contracts.

Digital Origination Platform

The fund is powered by a proprietary B2B platform for clean energy finance developped by Positive Energy Ltd. The platform enables standardized deal preparation, automated KYC, ESG scoring, and seamless matchmaking with investors. It supports faster, more transparent, and lower-cost project financing workflows.

Technical Assistance

A dedicated Technical Assistance Facility (3–4% of the fund) supports developers before and after investment. Services include financial modeling, project structuring, ESG alignment, and post-investment support. Delivery is managed through a network of vetted advisors.

Impact & ESG Framework

Aligned with EU Taxonomy, SFDR, GIIN IRIS+, 2X Challenge, and EIB Climate Bank Roadmap. Public impact reports are produced annually.

Governance & Management

GreenEU is managed by a licensed European asset manager. Governance includes an Investment Committee, ESG Advisory Board, and independent audit. Risk is managed at the SPV level with diversification and compliance thresholds.

Fundraising Strategy

GreenEU follows a blended finance approach:

GreenEU is designed for scalability and could be replicated in emerging markets using the same platform-based architecture.

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