IRENA is now welcoming applications for a fourth round of funding to support renewable energy projects in developing countries. The USD50M now available is part of a USD350Mn commitment by the UAE to provide concessional loans to projects endorsed by IRENA over seven funding cycles, through the Abu Dhabi Fund for Development (ADFD).
The IRENA/ADFD Project Facility is a funding facility for renewable energy projects in IRENA member countries. The Facility offers concessional loans to support renewable energy projects recommended by IRENA to ADFD for funding in developing countries.
Projects need to be promoted by a public stakeholder, but can contain private stakeholders.Projects include off-grid, mini-grid and/or on-grid using wind, solar, hydro, geothermal and biomass.
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 15 February 2016 at 17:00 GST.
More detailed information on the IRENA/ADFD funding instrument can be found in our funding database, here.
For additional information, please visit the IRENA webpage.