Getting access to finance for renewable energy projects
Getting access to finance for renewable energy projects January 26, 2018 The International Renewable Energy Agency (IRENA), in partnership with the Abu Dhabi Fund for Development (ADFD), is welcoming applications for renewable energy projects in developing countries. Within the framework of the ADFD-funded USD 350 million IRENA/ADFD Project Facility, the current funding round of USD 50 million in concessional loans marks the sixth of seven annual cycles. Since the announcement in 2014 of the first funding cycle of the IRENA/ADFD Project Facility, this unique partnership has continued to support replicable, scalable and economically feasible renewable energy projects in developing countries. This new funding cycle provides greater opportunity for developing countries to access low-cost capital for renewable energy projects to drive the energy transformation and achieve sustainable development. Funding from ADFD, provided through…