Applications for $50m fund for renewable energy projects open in Abu Dhabi

ABU DHABI // Applications for a US$50 million fund to develop new renewable energy projects has opened.

The International Renewable Energy Agency (Irena) and the Abu Dhabi Fund for Development (ADFD) are now accepting applications, which could see a range of projects in the developing world.

Now in its fifth round of funding, the project has helped provide loans for 15 renewable projects in 14 developing countries since 2012.

Thanks to the first three cycles, more than 68 megawatts of renewable energy capacity will be brought online, improving the lives of 760,000 people.

The deadline for applications for the fifth cycle is February 15, 2017 and results will be announced in January 2018.

For more information about eligibility and how to apply visit: irena.org/adfd.

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