ETAF (Energy Transition Accelerator Financing Platform)

Climate Objective
Sectors and Themes
Type of Support Provider
Type of Recipient
Public entity at the national level
Private sector
Fund Size

USD 4 billion

Co-financing Requirement
Application Timeframe

ETAF has an open call for projects

Trustee or Administrator
Contact Information

The goal of ETAF (Energy Transition Accelerator Financing Platform) is to facilitate funding partners' capital mobilisation to scale the financing of renewable energy technologies to 5 GW by 2030. It supports the implementation of ambitious National Determined Contributions (NDCs) to meet the Paris Agreement targets (addressing mitigation, adaptation and climate resilience), and contributes to the realisation of United Nations Sustainable Development Goals (SDGs) while serving strategic national objectives such as energy access and security, economic diversification and sustainable impact.

ETAF facilitates funding and de-risking services for projects subject to the credit and risk guidelines and approval processes of ETAF Funding Partners. The platform is open for commercially feasible projects demonstrating a high degree of readiness, located in IRENA member countries (or in accession). The platform supports various types of clean technologies such as renewables (power generation and end-users), energy conservations and efficiency, electrification of end-users (heating and cooling, e-transportation), and sustainable bio-energy.

Support Provider

IRENA, Abu Dhabi Fund for Development (ADFD), Asian Infrastructure Investment Bank (AIIB), Masdar, Swiss Re, OPEC Fund, Inter-American Development Bank (IDB), Emirates Development Bank (EDB), Islamic Development Bank (IsDB), International Islamic Trade Finance Corporation (ICIEC), European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), HSBC

Purpose of Support
Project and program implementation
Funding Type
Loans (concessional and market-rate)
Organizational and Decision Making Structure

IRENA, as the coordinating secretariat, ensures the smooth operation of the ETAF platform, managing the entire project journey from submission to the delivery of final recommendations to partners. This includes a detailed evaluation of each proposal against a set of eligibility criteria, prioritizing projects that can deliver significant socio-economic and environmental impacts.

Eligibility Criteria

Eligible projects should:

1. Contribute to the energy transition in the host country and alignment with the Paris Agreement guidelines (climate risk adaptation, mitigation, cash-flows from low GHG emissions and climate-resilient pathway
2. Contribute to the achievement of the Sustainable Development Goals (SDGs)
3. Contribute to the National Determined Contributions (NDCs)
4. Be beyond the business development stage, with at least a first (draft) feasibility study in place
5. Have availability of grid connection (for on-grid projects) and offtake arrangements
6. Have a minimum project CAPEX of USD 25 million (for private sector/PPP projects) and USD 10 million (for public sector projects)

Detailed eligibility criteria and scoring methodology are available here.

Eligible Countries

IRENA member countries (or in accession)

Information on how to
Understand ETAF Selection Process

The ETAF selection process consists of two stages. The first stage, the IRENA/ETAW Window, includes the following steps:

  1. Applicant registration & login
  2. Submission of project application
  3. Initial screening and project assessment

The second stage of the selection process the ETAF Partners' Window. It consists of the following steps:

  1. Completion of documentation and due diligence
  2. Financial offer(s) & negotiations
  3. Financial agreements signed
  4. Project implementation & delivery
Registration Instructions

A step-by-step instructional video to guide project proponents through the registration process and familiarize users with the platform is available here.

Complete Application

A detailed introduction of the platform and walkthrough of the application tool, which provides users a more detailed guidance on the submission process, is available here.