Call for project proposals

IRENA and the Abu Dhabi Fund for Development invite the submission of project proposals. Deadline 15th Feb. 2017.

USD 50 million available for renewable energy projects in developing countries
Call for proposals

IRENA and the Abu Dhabi Fund for Development (ADFD) are pleased to announce the opening of the fifth annual funding cycle of the IRENA/ADFD Project Facility, offering ~USD 50 million in loans. This is part of ADFD’s commitment to provide USD 350 million in concessional loans over seven annual funding cycles to government-driven renewable energy projects in developing countries.

Since 2012, ADFD has allocated USD 144 million to renewable energy projects in 14 developing countries. Selected projects have included off-grid, mini-grid and on-grid projects using wind, solar, hybrid, hydro, geothermal and biomass technology. After the first three cycles, over 68 megawatts of new renewable energy capacity will be brought online, expected to improve livelihoods of more than 760,000 people and businesses.

  • Projects can be submitted from developing countries that are Members of IRENA, Signatories of the Statute, or States in Accession. The list of eligible countries is available here.
  • ADFD requires projects to have a letter of government guarantee and support from the government entity involved in the international borrowing affairs of the country (the Ministry of Finance in most countries).
  • IRENA facilitates an international panel of experts to review the project applications based on technical feasibility, economic/commercial viability and socio-economic and environmental benefits.

ADFD loans range between USD 5 million and USD 15 million per project to cover up to 50% of the project cost. Finance is offered at 1 to 2 per cent lending rates with a 20-year loan period, including a 5-year grace period.

Interested applicants must register and login to apply. Deadline for submissions is 15th February 2017 (17:00 Abu Dhabi time).

To learn more or apply please visit: