Monday, November 16, 2015

Global: IRENA Provides Opportunity for More Renewable Energy Project Funding

IRENA, ADFD open new USD 50 million round of funding for renewable energy in developing countries (

The International Renewable Energy Agency (IRENA, Abu Dhabi, UAE) in collaboration with the Abu Dhabi Fund for Development (ADFD) is now welcoming applications for a fourth round of funding to support renewable energy projects in developing countries.

Thanks to projects funded in the first three cycles, more than 56 megawatts of renewable energy capacity will be brought online and roughly 600,000 people and businesses will benefit from increased access to energy and improved livelihoods.

Projects include off-grid, mini-grid and/or on-grid including backup storage and using wind, solar, hydro, geothermal and biomass in Argentina, Cuba, Ecuador, Iran, Maldives, Mali, Mauritania, Samoa and St. Vincent and the Grenadines. The results of the third funding cycle will be announced in January 2016.

Applications for this fourth of seven funding cycles will be accepted until February 15th, 2016 at 17:00 GST.

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