SAGF 2023 | Proparco - Groupe Agence Française de Développement

In India, Proparco and GEF Capital Partners have joined forces to support climate-focused investments.

Client presentation

GEF Capital Partners is a pioneer in investment in sustainable development and the environment. Today, the fund focuses on investments to optimize and preserve natural resources, with the aim of contributing to a sustainable future. This concerns companies that produce renewable energies or improve their energy efficiency, reduce the quantity of waste produced or the volume of water used, manufacture products using fewer or more efficient materials, or promote sustainable agricultural practices that contribute to conserving soil quality. GEF Capital currently manages three programs in South Asia, Latin America and the USA.

Project description

Proparco is contributing to financing mitigation and adaptation measures in India via a USD 30m investment in the South Asia Growth Fund III (SAGF III) of GEF Capital Partners. Like its predecessor, this new fund will be active in India and will focus its investments on sectors that have a positive impact on climate change.

Project impact

The project is in line with Proparco’s climate mandate and France’s overall agenda on climate change: 100% of investments with climate co-benefits and 100% aligned with the Paris Agreement.
SAGF III will promote climate adaptation and mitigation measures in several sectors: water, energy efficiency, renewable energies and the agritech value chain, electric mobility, the circular economy, climate technologies/digital solutions, and sustainable materials/green buildings.
SAGF III also qualifies for the 2X Challenge, on the basis of portfolio and employment criteria.

The project will contribute to SDG 5 (“Gender equality”) and SDG 13 (“Climate action”).

Download the project sheet