2019 IRENA ADFD Facility Projects

 

5The Abu Dhabi Fund for Development (ADFD) is providing USD 350 million in concessional co-financing for the implementation of government-supported renewable energy projects in developing countries. Spread over seven annual selection cycles, the funding is allocated to projects that are recommended by IRENA. Since January 2014, a total of 21 projects have been selected through the IRENA/ADFD Project Facility to receive concessional loans in five annual cycles. Those loans, allocated by ADFD based on IRENA recommendations, amount to USD 214 million. Of the 21 selected projects, 16 have already advanced through several stages of implementation, as defined by ADFD funding procedures. Seven of these are at construction/installation stage and are expected to begin power generation in 2019. This report reviews the progress achieved to date in implementing the selected projects and highlights their expected development impacts, as reported by project proponents.