IRENA-ADFD partnership built on common objectives and on groundwork with local developers and focal points in member countries
In 2013, the International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) initiated a partnership to deploy resources to finance renewable energy (RE) projects in developing countries.
The United Arab Emirates anchored the initiative with USD 350 million to fund the IRENA-ADFD Facility allocated in seven cycles, running until 2020.
IRENA guided the initiative through a call for proposal, review process and recommendation of projects to ADFD for final selection and funding:
* The designations employed and the presentation of materials herein do not imply the expression of any opinion whatsoever on the part of the International Renewable Energy Agency concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.