The Global Energy Efficiency and Renewable Energy Fund (GEEREF) has granted its first investments, worth a total of €22 million, to finance small-scale renewable energy projects in sub-Saharan and southern Africa as well as in Asia. The fund's investment committee gave "preliminary" approval, on 11 December, to investments in two commercial renewable energy investment funds. One focuses on sub-Saharan and southern Africa and the other on Asia, primarily India. The European Commission notes that both invest- ment funds will concentrate on renewable energy projects, such as wind energy generation, small hydroelectric generation, biomass and methane recovery.
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