Green Banking - Capacity Building for Green Energy and Climate Finance
Developing and emerging countries often lack the financial resources to expand renewable energies and implement energy efficiency measures because banks and investors know too little about the technologies involved. As a result, they overestimate the risks and projects are not realized. The Green Banking Initiative therefore offers a comprehensive scholarship and training program covering all aspects of renewable energy financing. The focus is on accredited training to become a “Green Energy Finance Specialist,” which is aimed at bank employees, investors, and project developers. To ensure sustainable knowledge transfer and development in financial and credit institutions, selected participants are supported through a “train-the-trainer and mentoring program” and trained to become key figures in their institutions.
- Countries
- Colombia, Costa Rica, El Salvador, Brazil, Guatemala, Honduras, India, Indonesia, Kenya, Nicaragua, Panama, Peru, South Africa, Philippines, Viet Nam, Thailand
- IKI funding
- 8,049,261.49 €
- Duration
- 11/2015 till 08/2027
- Status
- open
- Implementing organisation
- Renewables Academy AG (RENAC)
- Political Partner
-
- Department of Energy (DOE) - Philippines
- Diverse climate change relevant institutions in the respective partner countries/Diverse klimarelevante Institutionen in den entsprechenden Partnerländern
- Ministry of Energy and Mineral Resources (MEMR) - Indonesia
- Ministry of Energy and Mines (MINEM) - Peru
- Ministry of Environment (MINAM) - Peru
- Ministry of Industry and Trade (MOIT) - Viet Nam
- Ministry of New and Renewable Energy - India
- Implementing Partner
-
- Diverse climate change relevant institutions in the respective partner countries/Diverse klimarelevante Institutionen in den entsprechenden Partnerländern
State of implementation/results
- Since 2023, the Green Banking project entered a new phase and is expanding its project scope: whereas the first project roll-out concentrated on large-scale project financing directed to financial institutions, the current project phase will also deliver training formats for small and medium-scale projects as well as target project developers. The activities will be implemented in Brazil, Colombia, Indonesia, Kenya, Viet Nam and South Africa. In Q1 2025 Green Banking launch events were successfully implemented in South Africa, Kenya and Indonesia. Respective launch events in Brazil, Colombia and Viet Nam will follow. Subsequently, the five-month online training "Green Hydrogen Specialist" will be offered in English, Spanish and Portuguese as the first capacity building programme in the new phase of the Green Banking project.
- Between 11/2015 - 04/2019 and 11/2018 – 10/2023, the Green Banking project was successfully implemented in South Asia and Southeast Asia (India, Indonesia, Philippines, Thailand and Viet Nam) and in Latin America (Colombia, Peru, Costa Rica, Nicaragua, Panama, Honduras, Guatemala, El Salvador).
- RENAC offers the Green Banking Trainings under the umbrella of IFC's Green Banking Academy (IFC–GBAC), which aims to guide and support banks in their transformation to a "Green Bank".
- The Master of Business Management with a focus on Green Energy and Climate Finance was created and successfully implemented together with the Berlin School of Economics and Law (HWR). Through IKI scholarships, 20 students (former Green Energy Finance Specialist graduates) were able to participate at a substantially reduced tuition fee.
- New Green Banking Phase (Indonesia, Viet Nam, South Africa, Kenya, Colombia, Brazil).
- Green Banking launch events were conducted in all partner countries with a total of 431 participants.
- The Green Hydrogen Online Training started on 21st July 2025 with 108 participants from Indonesia, South Africa, Kenya and Colombia selected out of 248 applications.
- Latin America
- Following the successful implementation in Asia with over 600 participants, the project was also successfully implemented in Latin America. The training formats offered were oversubscribed in all years: e.g., in 2021, over 370 people applied for the originally planned 60 places within the Green Energy Finance Specialist training programme. 44% of the 125 scholarships ultimately available were awarded to women.
- The overwhelming demand for Green Banking training highlights the increased awareness of sustainable financial instruments and the importance of promoting green energy projects in the region.
- South Asia and Southeast Asia
- By the end of the implementation period in 2019, a total of 827 scholarships were awarded to the target group in the five partner countries and 597 people had participated in one or more training opportunities.
- At the end of the project period, one-day alumni conferences were held in March/ April 2019 in each country.
Latest Update:
12/2025
Project relations
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