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In November 2015, OeEB invested USD 7 million in Caucasus Clean Energy Fund in order to improve Georgia's energy supply.
| Project name | Caucasus Clean Energy Fund |
| Region | Central Asia |
| Sector | Energy / Resource efficiency / Infrastructure |
| Service | Equity Participation |
| Project country | Georgia |
| OeEB project volume | USD 7 million |
| Fund domicile | Guernsey |
| International climate finance according to UNFCCC | Yes |
| Additionality | Financial Additionality |
| Project partner(s) | Caucasus Clean Energy Fund I L.P. |
Caucasus Clean Energy Fund invests in the construction of small and medium-sized hydropower plants in Georgia with an average capacity of approximately 10 to 20 MW. The Fund's objective is to assemble a portfolio of approximately 8-10 investments with a total capacity of approximately 150 MW. The fund not only provides project developers with equity capital but also with know-how in operational, technical and strategic matters.
By making better use of Georgia's big hydropower potential, an important contribution is made to improving the country’s energy supply as well as to reducing the dependence on expensive energy imports.