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Financing

IRENA/ADFD Project Facility – 7th Cycle Call for Proposals


 

The African Power Platform (APP) is supporting the IRENA/ADFD Project Facility, funded by the Abu Dhabi Fund for Development (ADFD) and with 7th Cycle Call for Proposals now accepting registrations. USD 5 million to USD 15 million in concessional loans is available at 1% or 2% loan rates, to cover up to half of the total project costs.

Eligibility:

  • Country: Members of IRENA, Signatories of the Statute, or States-in-Accession, that are developing countries on the OECD “DAC List of ODA Recipients”. Preference will be given to IRENA Member countries. Download the eligible country list.
  • Renewable Energy Technology: Projects should deploy “tried and tested” renewable energy: bioenergy (for example biogas, biomass and waste to energy), geothermal energy (projects beyond exploratory drilling stage), hydropower, ocean energy (including inter alia tidal, wave and ocean), solar energy, wind energy and/or hybrid technologies.
  • Project Stage:
    • Projects must be beyond feasibility study stage and pre-implementation stage, but prior to tendering, procurement and execution at point of selection.
    • Projects must provide a full feasibility study including an economic analysis at the Full Project Proposal stage.
  • Government Support: Applications can be submitted by governmental, semi-governmental, private or non-governmental entities but must have the support of, and must be prioritised by the government of the country where the project is to be implemented.

Key Dates:

  • Application opens: 12th November 2018
  • Submission deadline: 14th February 2019

Please go through full details on the IRENA/ADFD Project Facility website. If you have an eligible project and think you can do it on your own, you can apply to the fund directly.

If you need support please contact us through This email address is being protected from spambots. You need JavaScript enabled to view it. .

Feel free to pass this information to interested parties.

 

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