Advancing renewables in Developing Countries: progress of projects supported through the IRENA/ADFD Project Facility
The IRENA/ADFD Project Facility represents a partnership between the two key organisations to promote renewable energy in developing countries. This report by the International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) reviews concrete progress over the first five years of their joint facility to finance such projects. Between 2014 and 2018, projects selected in five annual cycles were awarded concessional loans worth USD 214 million, with 16 projects subsequently advancing through various stages of implementation. Seven projects from early cycles reached the construction or installation stage, with renewable power generation set to start in 2019.