News
13 January 2020
IRENA/ADFD Project Facility hits record level
In:
Renewable energy, Traditional energy
Abu Dhabi Fund for Development (ADFD) has allocated $105 million for eight renewable energy projects in developing countries in the seventh cycle of the IRENA/ADFD Project Facility. A record level of funding for any cycle since the facility was launched, the scheme will provide funding for the following projects:
- In Antigua and Barbuda, an 8MW hybrid power plant (solar and wind) will receive an ADFD investment of $15 million.
- In Burkina Faso, an ADFD loan of $5.5 million will contribute to the construction of a 3MW solar PV plant.
- In Chad, the ADFD loan of $15 million will contribute to the construction of a 6MW solar lant.
- In Cuba, a project will receive an ADFD loan of $20 million to install 8.5MW of solar PV capacity, supported with 2 MW of energy storage, in Isla de la Juventud.
- In the Maldives, a 1.5MW waste-to-energy plant project in the city of Addu will receive an ADFD loan of $14 million.
- In Nepal, a project will receive an ADFD loan of $10 million to support a total of 20 biogas digesters which will serve as demonstration units to 270 municipalities.
- In Saint Lucia, the 10MW Troumassee solar power station, battery storage and setting up solar energy systems in the country, will receive an ADFD loan of $15 million.
- In Saint Vincent and the Grenadines, an ADFD loan of $10 million will support the installation of a 7MW solar PV project.
