The Government of Korea has provided $30 million for the Korea Green Resilient and Innovative Development (K-GRID) program, which supports IFC projects that contribute to reduction or avoidance of greenhouse gas emissions and facilitate the development and commercialization of technologies to improve climate mitigation. K-GRID also supports innovative digital solutions and digitalization in all sectors that can help to close the digital divide in developing economies. The Program represents a shared commitment to supporting sustainable development through innovative climate and digital technology solutions.
The Program consists of a $10 million blended finance investment program and a $20 million advisory services program.
Priority Areas
K-GRID prioritizes projects across industries that have connection to digitization and/or climate-smart innovations or applications that improve climate mitigation and adaptation outcomes.
Focus sectors in climate include:
- Renewable energy (including power generation), transmission, storage/battery solutions, distribution, and access to energy;
- Transport, including ports, roads, rail, commuter systems, and airports;
- Water, wastewater, waste management and utilities;
- Extractives and related infrastructure.
Focus sectors in digitalization include:
- Information and Communications Technologies (ICT), including telecommunications, broadband, and digital services;
- Applied technology innovations that enhance development outcomes e.g. technology platforms/applications that facilitate ag-tech, health, skills, ESG or other innovation.
- As of end-FY25, three projects have been committed (US$4.2 million), including US$1.5m equity first-loss guarantee to Equator Africa Fund I (Climate Technology VC fund in Sub-Saharan Africa), US$1.5 million to a distributed renewable energy project in Haiti, and US$1.2 million Viability Gap Funding to support battery storage project in Egypt.
- Screening of pipeline projects for K-Grid support has been highly selective for first-of-their-kind, demonstrative investments where use of a small non-returnable concessional tranche makes sense due to high first-mover costs in climate & digital innovation.
Featured Project
IFC and IDB Invest are partnering to strengthen Haiti’s energy security and recovery, committing US$13.5 million to support leading local provider Solengy Haiti S.A. The investment will finance 10 MWp of solar PV and 20 MWh of battery storage, delivering reliable electricity to households, schools, hospitals, and businesses. In a country where only 47% of people have access to power, the project will help reduce reliance on costly fuel-based generation, cut operational expenses, and improve economic competitiveness.
Support from blended climate finance programs ensures resources are deployed effectively despite ongoing challenges, while promoting distributed generation as a driver of resilience. By backing a Haitian SME at the forefront of clean energy innovation, IFC and IDB Invest are demonstrating the role of private sector solutions in shaping a sustainable future for Haiti.
Contacts
Last updated: January 2026