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IRENA/ADFD Financial Initiative .:. Sustainable Development Knowledge Platform
IRENA/ADFD Financial Initiative
Information
  • Topic: Finance
  • Location: Worldwide
  • Date of completion: 2014
  • Click for more information
  • Keywords: finance accessibility, management
Contact
, Director General, hlucas@irena.org

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Action Network
  • This voluntary initiative came from Sustainable Energy for All (SE4All)

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.

Partner(s)

IRENA Members and IRENA Signatories.
Open to additional partners.
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 devoted to implementation
Type Details
Financing (in USD) $350,000,000

Documents
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