IRENA/Abu Dhabi Fund for Development (ADFD) Project Facility
IRENA/Abu Dhabi Fund for Development (ADFD) Project Facility
Details
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 Project Facility supports governments, as well as all renewable energy providers with government support.For the 7th cycle in 2018, summary project proposals will be accepted through the Facility’s online system between 12 November 2018 and 14 February 2019.
Specialization
Program Website:
Type
Geographical Scope
Supporting
Funding/Investment/CapBuild type
ADFD funding offer:- USD 5 million to USD 15 million per project, covering up to 50% of the total project cost.- Loan rates of 1 to 2%, 20-year loan period including a 5-year grace period.- Government guarantee required for the ADFD loan (usually from the Ministry of Finance).
Contact
Email: adfd@irena.org