The loan as per the plan will be dispensed to a geographically diverse countries namely Republic of Ecuador, Maldives, Sierra Leone, Mauritania, Mali and Samoa. The two institutions IRENA and ADFD have selected the projects to isolated off-grid populations in some cases it will be for the first time.
The UAE government has committed a total of 350 million dollar in concessional loans through ADFD to support the deployment and sustainable use of all forms of renewable energy in developing countries. The current financing cycle is the first of seven. IRENA is assessing the socio-economic impact and technical merit of the projects, and ADFD is making its selection based on the Agency’s recommendation. Projects selected need to be transformative, innovative and replicable.
ADFD was established back in July 1971, as an independent subsidiary of Abu Dhabi Government, responsible for managing foreign aid. Over the years, it has established its position among the top development aid organizations worldwide.
Since its establishment, ADFD has played an important role in advancing economic development in beneficiary countries by providing concessionary loans that enable these countries to surmount challenges, address economic problems, and improve the living standards of their people.
Read more on –
Top five Indian States with highest renewable energy installed capacity
Ten important developments of Cleantech sector in year 2013
Gardening is often thought of as just a way to beautify outdoor spaces. But can it affect more than the plants around you? Many people…
Sustainability in business-to-business (B2B) branding is no longer just about optics or surface-level commitments. Today’s buyers demand accountability, long-term thinking, and values-driven operations from their…
Integrated Pest Management (IPM) has gained considerable attention worldwide as a comprehensive, ecologically balanced approach to controlling insects, weeds, and diseases. Farmers, horticulturalists, and even…
Did you know that cinnamon comes from the inner bark of a tree? Yep! When it’s first harvested, it’s a light color, but as it…
Regenerative agriculture is an approach to farming that focuses on restoring soil health, enhancing biodiversity, and improving ecosystem functions. Unlike conventional farming, which often depletes…
Natural coral reefs and underwater habitats have been damaged by pollution, overfishing, and climate change. To help restore marine life, people create artificial reefs using…