International Renewable Energy Agency invites loan applications

The International Renewable Energy Agency (IRENA) invites applications for concessional loans to facilitate renewable energy projects, including hydropower and ocean energy, in developing countries. Applications are due January 12, 2013.

IRENA was founded in 2009 by more than 100 world governments to improve financing and transfer of technology for renewable energy. It currently is offering loans worth US$50 million from the Abu Dhabi Fund for Development to facilitate renewable energy projects that are government-led or government guaranteed.

Projects must offer innovative and replicable approaches to broaden energy access, meet development goals, and accelerate use of renewable energy technologies in developing countries, attracting further finance. Projects may involve all forms of renewable energy, including hydropower, ocean energy, bioenergy, geothermal energy, wind, and solar energy.

Guidelines for applicants may be obtained from the IRENA Internet site under http://www.irena.org/adfd. Successful applicants will receive notices in March to submit full project proposals before the end of May.

Online applications close by 5 p.m., Abu Dhabi time, January 12. For information, contact the IRENA/ADFD Secretariat by e-mail at adfd@irena.org.

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