ADFD provides sovereign funding to projects in developing countries in the form of concessionary loans to support national priorities and assist in achieving sustainable economic development.
Loans obtained through the IRENA/ADFD Project Facility must be used for activities and assets (renewable energy infrastructure) directly related to the proposed project. Loans cannot be used to fund any pre-development activities, such as feasibility, environmental impact or socio-economic impact studies.
See ADFD requirements for further details.
The ADFD sovereign loans cover up to 50% of the project costs with the remainder needing co-financing. Co-financing can come from any sources including government, development funds and the private sector.
Contacts for applicants exploring co-funding:
The Climate Investment Platform (CIP) is a global initiative, announced on the occasion of the UN Secretary General’s Climate Action Summit in September 2019, by the International Renewable Energy Agency (IRENA), the United Nations Development Programme (UNDP) and Sustainable Energy for All (SE4All), in co-operation with the Green Climate Fund (GCF). The CIP is an inclusive partnership welcoming all stakeholders, from governments and international organisations to the private sector, to scale up climate action and translate ambitious national climate targets into concrete investments on the ground.