Affiliated Institution
International Renewable Energy Agency
Support Entity Type
PPF
Project Stage Supported
- Project financial structuring
- Matchmaking with investors and funders
Funding Type
Loans (concessional and market-rate)
In-kind contributions
Other
Other Funding Type
Equity, Guarantees, Insurance
Type of Recipient
Public entity at the national level
Public entity at the sub-national level
Public entity at the regional level
International organization
Non-profit or civil society organization
Private sector
Community-level organization
Climate Objective
Mitigation
Region
East Asia and Pacific
Europe and Central Asia
Latin America and the Caribbean
Middle East and North Africa
North America
South Asia
Sub-Saharan Africa
Sectors and Themes
Energy
Co-financing Requirement
No
Application Frequency
Rolling
Countries
The Energy Transition Accelerator Financing Platform (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.
Eligibility Criteria
The project should:
- 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
- Contribute to the achievement of the Sustainable Development Goals (SDGs) and the Nationally Determined Contributions (NDCs). Be beyond the business development stage, with at least a first (draft) feasibility study in place, and employ feasible technology that is proven and reliable
- For on-grid projects, confirm grid connection availability at the project location that supports the technology and capacity of the project. Demonstrate market access via a letter of intent from a public offtaker, a merchant market structure, regulatory support for Corporate PPAs, or other means
- Have a minimum project CAPEX of USD 25 million (for private sector/PPP projects) and USD 10 million (for public sector projects)
Please find detailed project eligibility and scoring criteria linked here.
Official Website