IRENA/ADFD project facility backs West Africa’s renewables drive

IRENA/ADFD project facility backs West Africa’s renewables drive

Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (IRENA) have announced the selection of renewable energy projects in three West African regions to receive funding from the ADFD.

Guyana, Liberia and Togo have been selected to receive these funds as part of the sixth cycle of the IRENA/ADFD Project Facility.

With ADFD committing $350 million over seven funding cycles to the IRENA/ADFD Project Facility since 2013, this announcement, during the Ninth Session of the IRENA Assembly, brings cumulative funding to date to $245 million.

The Facility helps developing countries access low-cost capital for renewable energy projects to increase energy access, improve livelihoods and advance sustainable development.

Source: ESI Africa

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