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<projects xmlns:pb="http://www.acdi-cida.gc.ca/opendata/pb/1-0-0">
  <header>
    <headerInformation>International Development Projects - 2026-07-12 11:46:06 AM - all published projects</headerInformation>
    <language>English</language>
    <filter></filter>
  </header>
  <project>
    <projectNumber>CA-3-P011300001</projectNumber>
    <dateModified>2026-07-12T06:32:49</dateModified>
    <title>Gigaton Fund - Sustainable Energy at Scale</title>
    <description>The Gigaton Fund is a US$500 million blended finance debt fund that scales up clean energy transition and climate investments in underserved markets to increase affordable and clean energy use. The Fund aims to improve the environment and well-being of vulnerable populations, especially women in emerging markets. Project activities include mobilizing private sector capital to finance impactful clean energy companies, commercial and industrial solar projects, agri-businesses, and smallholder farmers.  The Fund finances over 100 projects to benefit  10 million people, including 50% women, while also demonstrating the potential to mobilize capital at scale to help drive the sector toward long-term sustainable financing.</description>
    <status>Operational</status>
    <start>2023-03-27T00:00:00</start>
    <end>2038-03-31T00:00:00</end>
    <countries>
      <country>Côte d'Ivoire 2.00%</country>
      <country>Cameroon 1.50%</country>
      <country>Ethiopia 9.00%</country>
      <country>Gabon 4.00%</country>
      <country>Ghana 2.50%</country>
      <country>India 12.50%</country>
      <country>Kenya 18.00%</country>
      <country>Nigeria 5.00%</country>
      <country>Rwanda 0.50%</country>
      <country>Sierra Leone 12.00%</country>
      <country>South Africa 33.00%</country>
    </countries>
    <executingAgencyPartner>Mirova Gigaton Fund S.A.,SICAV RAIF </executingAgencyPartner>
    <DACSectors>
      <DACSectors>Solar energy 100.00%</DACSectors>
      <DACSectors>Solar energy for isolated grids and standalone systems 0.00%</DACSectors>
    </DACSectors>
    <maximumContribution>42000000.00</maximumContribution>
    <ContributingOrganization></ContributingOrganization>
    <expectedResults>The expected outcomes of this project include: (1) improved access to affordable clean energy and climate-smart solutions by households, individuals (particularly women), and businesses; (2) improved climate adaptation in emerging markets and reduced green house gas emissions ; and (3) increased equitable inclusion of women and other vulnerable groups in global value chains.</expectedResults>
    <resultsAchieved></resultsAchieved>
    <aidType>Project-type interventions</aidType>
    <collaborationType>Bilateral</collaborationType>
    <financeType>Reimbursable grant</financeType>
    <flowType></flowType>
    <reportingOrganisation>Global Affairs Canada</reportingOrganisation>
    <programName>YFMInternaAssistPartnershp&amp;Programing Br</programName>
    <selectionMechanism>Department-Initiated</selectionMechanism>
    <policyMarkers>
      <policyMarker level="2">Environmental sustainability (cross-cutting)</policyMarker>
      <policyMarker level="1">Gender equality</policyMarker>
      <policyMarker level="2">Climate change mitigation</policyMarker>
      <policyMarker level="1">Climate Change Adaptation</policyMarker>
    </policyMarkers>
    <regions />
    <alternameImPositions />
    <budgets>
      <budget budgetType="Original" startDate="2022-04-01T00:00:00" endDate="2023-03-31T00:00:00" valueDate="2023-03-27T00:00:00">42000000.00</budget>
    </budgets>
    <Locations />
    <otherIdentifiers>
      <otherIdentifier otherIdentifierType="CRS Activity identifier">2023200198</otherIdentifier>
    </otherIdentifiers>
    <participatingOrgs>
      <participatingOrg number="0010061338" city="Luxembourg                         " province="Luxemburg" countryCode="LU " channelCode="63000" iatiid="">Mirova Gigaton Fund S.A.,SICAV RAIF </participatingOrg>
    </participatingOrgs>
    <programDataStructure />
    <relatedActivities />
    <transactions>
      <transaction transactionDate="2023-03-27T00:00:00" valueDate="2023-03-27T00:00:00" transactionType="Commitment" flowType="ODA" tiedStatus="Untied">42000000.00</transaction>
      <transaction transactionDate="2023-03-29T00:00:00" valueDate="2023-03-29T00:00:00" transactionType="Disbursement" flowType="ODA" tiedStatus="">-42000000.00</transaction>
      <transaction transactionDate="2023-03-29T00:00:00" valueDate="2023-03-29T00:00:00" transactionType="Disbursement" flowType="ODA" tiedStatus="">21000000.00</transaction>
      <transaction transactionDate="2023-03-29T00:00:00" valueDate="2023-03-29T00:00:00" transactionType="Disbursement" flowType="ODA" tiedStatus="">21000000.00</transaction>
      <transaction transactionDate="2023-03-29T00:00:00" valueDate="2023-03-29T00:00:00" transactionType="Disbursement" flowType="ODA" tiedStatus="">42000000.00</transaction>
    </transactions>
  </project>
</projects>