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IRENA/ADFD Financial Initiative .:. Sustainable Development Knowledge Platform
IRENA/ADFD Financial Initiative
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Information
  • Submitted by: International Renewable Energy Agency (IRENA)
  • Topic: Finance
  • Keywords: finance accessibility, management
  • Location: Worldwide
  • Date of completion: 2014
  • Click for more information
Documents
Action Network
  • This voluntary initiative came from Sustainable Energy for All (SE4All)
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
Description
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.

Copyright United Nations Department of Economic and Social Affairs

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