Abu Dhabi Fund for Development (ADFD) – IRENA-ADFD Supporting Energy Transition
Abu Dhabi Fund for Development (ADFD) headquartered in Abu Dhabi, was established in 1971 to support sustainable economic development and the reduction of poverty in developing countries. In 2009, ADFD signed an agreement with the International Renewable Energy Agency (IRENA) to allocate USD 350 million in the form of concessional loans to support renewable energy projects in IRENA’s developing member countries. The first project funding cycle took place in 2012. In each annual cycle, up to USD 50 million for up to 10 projects is provided. So far, these ceilings have not been met.
Eligibility to Receive Funding
Governmental and non-governmental entities. If the applicant is a government entity that is not involved in the international borrowing affairs of the country (e.g. Ministry of Energy), a letter of intent from the government entity that deals with the international borrowing affairs (e.g. Ministry of Finance or International Cooperation) is required by ADFD. If the applicant is a private or semigovernmental agency, a governmental guarantee letter is required, issued by the ministry that deals with international cooperation and funding.
Regional Focus: World-wide. Since 2014, ADFD has funded 21 projects in 20 countries. The concessional loan value for a project ranges between USD 5 million and USD 15 million. The list can be found online.
Sector Focus: ADFD supports all types of renewable energy projects in developing countries.
Funding Conditions: Grants, concessional loans
Applications undergo a two-step process. First, project summary proposals are submitted. Once shortlisted, applicants can submit the full project proposal. In both stages, a panel of experts score and comment, and an advisory committee comments on the strategic relevance of the project. The ADFD takes the final decision.
Applicants submit applications online.The next call for proposals will be launched in November 2018.
CI tower, Khalidiyah (32nd) Street
Abu Dhabi (UAE)
Tel : +971-2-4179000