The sixth funding cycle of the IRENA/Abu Dhabi Fund for Development (ADFD) Project Facility is now open! This latest cycle offers around USD 50 million in concessional loans from ADFD.
The Facility is welcoming summary project proposals until 15th February 2018 from renewable energy projects in developing countries, that are at feasibility study stage and have the support of the central government.
ADFD funding offer:
- USD 5 million to USD 15 million per project, covering up to 50% of the total project cost.
- Loan rates of 1 to 2%, 20-year loan period including a 5-year grace period.
- Government guarantee required for the ADFD loan (usually from the Ministry of Finance).
Contact the IRENA/ADFD team at firstname.lastname@example.org with any questions.