Facilitating Renewable Energy Project Financing in Africa

USD 131 trillion needs to flow into the energy system to 2050 that prioritises technology avenues compatible with 1.5C pathway. Between now and 2050, over 80% of the USD 131 trillion must be invested in clean energy technologies, not limited to traditional renewable generation, energy conservation and efficiencies, end-use electrification, power grids, sustainable bioenergy, hydrogen.

The Energy Transition Accelerator Financing (ETAF) Platform is a new initiative hosted by IRENA. ETAF leverages

  • The institutional convening power of IRENA as a hub of knowledge and expertise on renewable energy and pathways to the clean energy transition;
  • The commitment of the United Arab Emirates (UAE), the host of IRENA and country’s engagement to a net-zero carbon future, and;
  • The strong partnership with Abu Dhabi Fund for Development (ADFD), illustrated by the track record built from the IRENA-ADFD Facility implemented during 2013-2020.

ETAF aims to mobilise approximately USD 1 billion capital resources to support the energy transition by 2030.

A series of webinars have been organised to contextualise the regional renewable energy financing challenges and introduce how ETAF could contribute to closing this gap.

Closed event (by invitation only)