IRENA/ADFD Project Facility
The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have created a joint project facility to support renewable energy projects in developing countries. For this partnership, ADFD pledged USD 350 million in concessional loans over seven annual cycles for projects that are recommended by IRENA. USD 50 million is available each cycle. To be shortlisted, projects should focus on energy access and security through environmentally sustainable means.
The final cycle has closed. You may reference selected projects here.
An Executive Project Summary (including project owner information) should first be submitted for review by an international Panel of Experts. A Full Project Proposal and government guarantee letter needs to be submitted later.
The Advisory Committee, appointed by IRENA members, then assesses the projects to ensure alignment with national development priorities, geographic spread and diversity of technologies.
Because ADFD sovereign loans cover up to 50% of the project costs, co-financing should come from any sources including government, development funds and the private sector. Applicants can also register on the Sustainable Energy Marketplace to explore co-financing opportunities.
The final funding cycle has closed. Check here for updates.
USD 350 million over seven annual cycles. USD 50 million offered every cycle.
The final cycle has closed. Check here for updates.