The International Renewable Energy Agency (Irena) and the Abu Dhabi Fund for Development (ADFD) have officially opened the first $50m tranche of fifth round funding for renewable energy projects in developing countries.
The United Arab Emirates has committed to providing $350m to renewables projects endorsed by Irena over seven funding cycles, through the ADFD.
Irena has developed evaluation guidelines to select projects for funding that are innovative and replicable, broaden access to energy, and address issues identified in the United Nations Millennium Development Goals.
Since
