Record USD105 Million of Funding Approved by ADFD Under the IRENA/ADFD Project Facility

GO ECO GREEN21

GO ECO GREEN21. Abu Dhabi, United Arab Emirate – The Abu Dhabi Fund for Development (ADFD) today confirmed the allocation of approximately USD 105 million for eight renewable energy projects in developing countries in the seventh cycle of the IRENA/ADFD Project Facility.

The announcement marks a record level of funding for any cycle since the facility was launched and will provide funding for projects in Antigua and Barbuda, Burkina Faso, Chad, Cuba, the Maldives, Nepal, Saint Lucia and Saint Vincent and the Grenadines.

The announcement was made during the 10th IRENA Assembly and brings cumulative funding to date to US$350 million, in line with the commitment made by ADFD across seven funding cycles to IRENA recommended projects.

“Overcoming investment needs for energy transformation infrastructure is one of the most notable barriers to the achievement of national goals,” said Francesco La Camera, Director-General of IRENA. “Therefore, the provision of capital to…

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