Seventh funding cycle of IRENA/ADFD Project Facility now open for applications from government-backed projects in developing countries
Abu Dhabi Fund for Development (ADFD) and The International Renewable Energy Agency (IRENA) are inviting applications for more than US$50 million in funding through the IRENA/ADFD Project Facility. The ADFD-financed initiative is available to government-guaranteed renewable energy projects in developing countries that seek to increase energy access, improve livelihoods and advance sustainable development.
ADFD has committed US$350 million (AED1.285 billion) in concessionary loans over seven annual funding cycles to renewable energy projects recommended by IRENA.
The facility welcomes proposals for projects – especially those submitted by ministries, public utility entities and rural electrification agencies – that are able to obtain a government guarantee for the ADFD loan.
The projects selected for the sixth funding cycle will be announced in January 2019. Summary applications for the seventh cycle will be accepted until 17:00 GST on 14 February 2019.
