Funding for Renewable Energy in Developing Countries

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The International Renewable Energy Agency (IRENA) in collaboration with the Abu Dhabi Fund for Development (ADFD) have opened applications for their fourth round of funding for renewable energy projects in developing countries. IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind energy in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity. ADFD is an independent national entity affiliated to the Abu Dhabi government to assist developing countries achieve sustainable development.

The ADFD and IRENA partnered with the aim of providing a funding opportunity that can have the most impact and where finance is one of the greatest challenges. The funding aims to narrow the gap within the energy sector between developed and developing countries through boosting renewable energy growth in developing countries.

Projects must be transformative, replicable, scalable and/or innovative, improve energy access and help address energy security issues. Projects are carefully evaluated on technical merit, economic viability and socio-economic and environmental impact.

Applications close on 15 February 2016, For more information, please visit the IRENA ADFD website

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