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MIL-OSI Europe: COP27: EIB Global and AllianzGI announce $100 million for renewable energy projects

MIL-OSI Europe: COP27: EIB Global and AllianzGI announce $100 million for renewable energy projects
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COP27: EIB Global and AllianzGI announce $100 million for renewable energy projects

The Emerging Market Climate Action Fund (“EMCAF”) has announced today a $25 million investment into Alcazar Energy Partners II, a fund providing early-stage equity financing to develop, construct and operate renewable energy projects in the Middle East, North Africa, Eastern Europe and Central Asia. This commitment is in parallel to EIB Global, the dedicated arm for outside the EU of the European Investment Bank (EIB) Group, which provides $75 million to the fund.

G7 endorses joint EIB and AllianzGI initiative financing climate projects in emerging economies

During its summit in Elmau (Germany), the Group of Seven (G7) endorsed the Emerging Market Climate Action Fund (EMCAF) as an example of a concrete innovative and market-led approach to mobilise private investments for climate relevant infrastructure and to enhance multilateral finance and collaboration. In addition, Germany announced to increase their investment in the fund.

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