IRENA/ADFD open new round of funding for renewable energy in developing countries

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Deadline: 15 February 2016

The International Renewable Energy Agency (IRENA) in collaboration with the Abu Dhabi Fund for Development (ADFD) is currently inviting applications for the fourth round of funding to support renewable energy projects in developing countries.

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Thematic Areas

  • IRENA recommends projects based on:
    • technical merit
    • commercial viability
    • socio-economic and environmental benefits
  • To be shortlisted for further consideration, projects must be:
    • transformative
    • replicable / scalable
    • innovative
  • Projects must also:
    • Improve energy access
    • address energy security
  • Strategic considerations on projects selected include:
    • geographical spread
    • diversity of technologies
    • alignment with government priorities

Eligibility Criteria

  • Projects should be submitted by Members of IRENA, Signatories of the Statute, or States in Accession which are developing countries included in the “DAC List of ODA Recipients” from the Organisation for Economic Co-operation and Development (OECD). Preference will be given to project proposals submitted by IRENA Members.
  • Projects should deploy renewable energy as defined in the Statute of IRENA, including bioenergy, geothermal energy, hydropower, ocean energy, solar energy, and wind energy.

Eligible Countries

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IRENA Members:

Albania, Algeria, Angola, Antigua and Barbuda, Argentina, Armenia, Australia, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bosnia and Herzegovina, Brunei Darussalam, Bulgaria, Burkina Faso, Cameroon, Cape Verde, China, Colombia, Comoros, Cote D’Ivoire, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti, Dominican Republic, Ecuador, Egypt, Eritrea, Estonia, Ethiopia, European Union, Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Grenada, Guyana, Hungary, Iceland, India, Indonesia, Iran (Islamic Republic of), Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kuwait, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Malaysia, Maldives, Mali, Malta, Marshall Islands, Mauritania, Mauritius, Mexico, Micronesia, Monaco, Mongolia, Montenegro, Mozambique, Namibia, Nauru, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, Norway, Oman, Pakistan, Palau, Panama, Peru, Philippines, Poland, Portugal, Qatar, Republic of Korea, Republic of Moldova, Romania, Russian Federation, Rwanda, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Samoa, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, Spain, Sri Lanka, Sudan, Swaziland, Sweden, Switzerland, Tajikistan, The former Yugoslav, Republic of Macedonia, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Tuvalu, Uganda, United Arab Emirates, United Kingdom of Great Britain and Northern Ireland, United States of America, Uruguay, Vanuatu, Yemen, Zambia, Zimbabwe.

States in the process of becoming Members (Signatories/States in Accession):

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Afghanistan, Austria, Cambodia, Central African Republic, Chad, Chile, Congo, Costa Rica, Democratic Republic of the Congo, Guatemala, Guinea, Guinea-Bissau, Honduras, Kyrgyzstan, Lebanon, Liberia, Libya, Madagascar, Malawi, Morocco, Nepal, Papua New Guinea, Paraguay, Saint Lucia, Syrian Arab Republic, Thailand, Timor-Leste, United Republic of Tanzania, Uzbekistan.

Funding

ADFD funding is available as follows:

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  • The total concessional loans committed per annual project selection cycle is approximately USD 50 million.
  • The concessional loan value for each project ranges from a minimum of USD 5 million to a maximum of USD 15 million.
  • The loan amount for each project covers up to 50 percent of the estimated total project cost.
  • Loan rates vary between 1 percent and 2 percent per annum, with duration of 20 years, including a grace period of 5 years. See website for details.
  • The project must demonstrate economic feasibility.
  • Loans are intended to cover as many recipients and regions as possible per application cycle.
  • There are no limits to the number of project proposals presented by each country, but applicant governments are advised to prioritise their proposals.

How to Apply

  • Prospective applicants must register to receive notification alerts about opening dates and deadlines for funding cycles.
  • When new funding cycle opens, the project coordinator can start the application process as follows:
    • Registration
    • Executive Project Summary application form
  • If the Executive Project Summary is shortlisted, the applicant is called upon to submit a Full Project Proposal.
  • All Applications must be submitted in English.

For more information, please visit IRENA/ADFD.