At IRENA’s seventh Assembly, held in Abu Dhabi in January 2017, renewable energy projects from the Marshall Islands, Niger, Seychelles and the Solomon Islands were selected to receive a total of USD 44.5 million in funding through the IRENA/ADFD Project Facility. The Facility is a unique partnership between the International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD), set up to identify and partially finance promising renewable energy projects in developing countries.
At the Assembly, energy ministers from the four selected countries explained how this partnership will bring about a positive change in their respective countries. Continue reading Ministers: ‘IRENA/ADFD Plays Key Role Advancing Renewables in Developing Countries’
Grid-connected solar photovoltaic (PV) power plants are now mainstream and cost-competitive — making them an attractive energy option anywhere the sun shines. The most competitive utility-scale solar PV projects deliver electricity for just US 5 cents per kilowatt-hour (kWh) without subsidies, and costs as low as US 3 cents/kWh have been achieved when conditions are perfect.
But implementing viable utility-scale solar PV projects requires project developers to draft robust plans that attract investors, and this can be a hurdle for some. As a result, many renewable energy projects stall during the development phase.
A new addition to IRENA’s online Project Navigator platform is helping developers overcome this obstacle, and spurring more large-scale solar PV deployment in the process. Continue reading Online Platform Helps Develop Bankable Solar and Wind Power Projects