IRENA typically receives and reviews around 100 applications for funding to the IRENA/ADFD Project Facility in each cycle. Fifteen renewable energy projects have been selected for funding in the first, second and third cycles.
IRENA and ADFD support energy transition with a USD 350 million project facility for renewable energy in developing countries. In the first funding cycle, the facility is providing USD 41 million in concessional loans.
This video is provided by the Ministry of Electricity and Renewable Energy of Ecuador. Interviews of local stakeholders in the Ecuador small hydro project highlight positive social and economic impacts.
In the second funding cycle, the facility is providing USD 57 million in concessional loans.
Summary of the IRENA/ADFD Project Facility