Information
- Submitted by: International Renewable Energy Agency (IRENA)
- Topic: Finance
- Keywords: finance accessibility, management
- Location: Worldwide
- Date of completion: 2014
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Deliverables & Resources
Action network
- This voluntary initiative came from Sustainable Energy for All (SE4All)
IRENA/ADFD Financial Initiative
Partner(s)
IRENA Members and IRENA Signatories.
Open to additional partners.
Description/achievement of initiative
Provide new and additional concessional funding of $350 million over seven years for innovative pathbreaking renewable energy projects with important demonstration efforts.
Implementation methodologies
By providing new and additional concessional funding of US$ 350 million over a period of seven years for innovative path breaking renewable energy projects with important demonstration effects. The Abu Dhabi Fund for Development (ADFD) has made available US$ 350 million in new concessional funding for renewable energy projects of innovative character that are approved by IRENA.
Deliverables
| Deliverable | Date |
| First traunch of US$ 50 million will be committed. | 2013 |
| Review of experience in the first year, and the development of mechanisms for commitment of US$300 million for the next six years. | 2014 |
Resources
| Type | Details |
| Financing (in USD) | $350,000,000 |