Global Subnational Climate Fund (SnCF Global) (GCF-FP151)

  • Albania
  • Bahamas
  • Brazil
  • Burkina Faso
  • Cambodia
  • Cameroon
  • Chile
  • Congo, Democratic Republic of
  • Costa Rica
  • Dominica
  • Dominican Republic
  • Ecuador
  • El Salvador
  • Fiji
  • Gabon
  • Guatemala
  • Guinea
  • Haiti
  • Honduras
  • Indonesia
  • Ivory Coast
  • Jamaica
  • Jordan
  • Kenya
  • Lebanon
  • Macedonia
  • Mali
  • Mauritania
  • Mexico
  • Montenegro
  • Morocco
  • Mozambique
  • Myanmar
  • Nigeria
  • Panama
  • Rwanda
  • Senegal
  • South Africa
  • Togo
  • Tunisia
  • Uganda
  • Uruguay
Where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 12, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
International Union for Conservation of Nature (IUCN)
The holder of the loan, grant, or other investment.
  • Climate and Environment
  • Construction
  • Energy
  • Finance
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 18.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 28.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ GCF website

Updated in EWS Apr 21, 2021

Disclosed by Bank Apr 28, 2020

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Project Description

According to the implementing agencies, the project seeks to unlock capital from private investors for investments in climate-resilient infrastructure projects from sub-national actors around the world. Technical assistance will be provided so that these projects have access to credit. The support will be for infrastructure projects between $ 5 and $ 75 million USD that are medium, low carbon and climate resilient, in developing and less developed countries.

The topics in which the SnCF will invest are: waste optimization, renewable energy, energy efficient lighting and water and sanitation projects.

The SnCF seeks the reduction of GHGs; protection of biodiversity and natural resources; respect for indigenous peoples and cultural heritage; incorporation of the gender perspective; good labor standards and working conditions; community health and safety; pollution prevention; and avoid involuntary resettlement or loss of livelihoods.

Investment Description

Contact Information

Pegasus Capital Advisors (PCA)



750 East Main Street, Suite 600

Stamford, CT 06902



Rue Mauverney 28
1196 Gland

+41 22 9990000
+41 22 9990002 (Fax)
IUCN grievance mechanism