Funding Offer

ADFD provides sovereign funding to projects in developing countries in the form of concessionary loans to support national priorities and assist in achieving sustainable economic development.

 

Loans obtained through the IRENA/ADFD Project Facility must be used for activities and assets (renewable energy infrastructure) directly related to the proposed project. Loans cannot be used to fund any pre-development activities, such as feasibility, environmental impact or socio-economic impact studies.

See ADFD requirements for further details.

Co-Funding

The ADFD sovereign loans cover up to 50% of the project costs with the remainder needing co-financing. Co-financing can come from any sources including government, development funds and the private sector. IRENA can share the project proposals with other funds for co-financing, if requested.

Applicants can also register on the Sustainable Energy Marketplace to explore co-financing opportunities.

Contacts for applicants exploring co-funding:

Joao Cunha
Coordinator (Sustainable Energy Fund for Africa – SEFA)
African Development Bank
E-mail: j.cunha@afdb.org
Web: www.afdb.org

Marcel Alers
Head, Energy, Infrastructure,
Transport and Technology
UNDP – Global Environment Facility
E-mail: marcel.alers@undp.org
Web: www.undp.org

Hussain Mogaibel
Global Lead Energy Specialist
Infrastructure and Social Department
Islamic Development Bank
E-mail: hmugaibel@isdb.org
Web: www.isdb.org

Solange Petit de Bantel
Total Eren
E-mail: Solange.debantel@total-eren.com
Web: www.total-eren.com

David Morgado
Senior Energy Policy Specialist
Asian Infrastructure Investment Bank (AIIB)
E-mail: david.morgado@aiib.org
Web: www.aiib.org

Wang Bin
Senior Policy and Strategy Officer
Asian Infrastructure Investment Bank (AIIB)
E-mail: bwang@aiib.org
Web: www.aiib.org