Description/achievement of initiative
Provide new and additional concessional funding of $350 million over seven years for innovative pathbreaking renewable energy projects with important demonstration efforts.
By providing new and additional concessional funding of US$ 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.
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure
IRENA Members and IRENA Signatories.
Open to additional partners.
First traunch of US$ 50 million will be committed.
Review of experience in the first year, and the development of mechanisms for commitment of US$300 million for the next six years.
Sustainable Development Goals and targets
Resources devoted to implementation
Financing (in USD)