Accessible finance for renewable energy projects in developing countries
The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have collaborated on a joint Project Facility to support replicable, scalable and potentially transformative renewable energy projects in developing countries. ADFD committed USD 350 million in concessional loans, over seven annual funding cycles, to renewable energy projects recommended by IRENA.
“The IRENA/ADFD Project Facility has identified path breaking renewable energy projects providing sustainable and affordable energy for those who need it most.”
Mr. Adnan Z. Amin, IRENA Director-General