/PODGORICA, MONTENEGRO, February 11, 2025, 11:00 CET, GGF, RENEWABLE MARKET WATCHTM/ The Green for Growth Fund (GGF) has established a partnership with Lovćen Banka, Montenegro by signing of loan agreement of EUR 3 million. This loan facility will enable Lovćen Banka to expand its green lending portfolio, providing dedicated financing to businesses investing in sustainable practices and smaller-scale renewable energy projects, boosting the region’s resilience and energy independence.
This partnership marks the engagement of a new investee for GGF, highlighting the fund’s commitment to fostering new relationships. Additionally, this strategic deal expands GGF’s investee partnerships within its mandate region, further solidifying its presence and impact in promoting sustainable development.
Simon Gupta, Chairperson of the Board said, “We are pleased to welcome Lovćen banka as a new partner. This investment aligns perfectly with our goals on climate action and sustainable development. By supporting businesses in their efforts to adopt greener practices and renewable energy solutions, we are making meaningful strides towards a more sustainable future.”
“It is our pleasure to join the mission of Green for Growth Fund. By stipulating the cooperation with GGF, Lovćen banka will enhance the efforts in supporting sustainable development of businesses in Montenegro helping them to continue with developing green solutions and improving the renewable energy projects.” – said Mr Milos Miketic, President of the Board of directors in Lovćen banka.
ABOUT THE GGF
The Green for Growth Fund promotes energy efficiency and renewable energy in Southeast Europe, the Caucasus, the Middle East, and North Africa. By providing refinancing to local financial institutions, GGF helps businesses and households access sustainable energy solutions, fostering energy efficiency and reducing carbon emissions. GGF was initiated as a public-private partnership by the European Investment Bank and Germany’s KfW Development Bank, with financial support from the European Union, BMZ, and other international investors. Finance in Motion GmbH, Germany, serves as GGF’s advisor.
For more information and answers to your questions about the Western Balkans solar and wind market and related content, you may read here: Western Balkans Solar Photovoltaic (PV) and Wind Power Market: Outlooks 2025÷2034
In order to download the executive summary brochure with sample pages, please access from here: Western Balkans Solar Photovoltaic (PV) Power Market Outlook – Sample
For a better understanding of the benefits of using our reports, you may read here: Benefit List – Reports of Renewable Market Watch – 2025
About Renewable Market Watch™
Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting-edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets in Asia Countries, Western Europe, South Europe, Balkan countries, Central and Eastern Europe, CIS states (formerly the Soviet Union), LATAM countries, and MENA countries. For more information about Renewable Market Watch™, please visit:
