US$14 Million Renewable Energy Project in Addu

Saturday 4th of April 2020

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US$14 Million Renewable Energy Project in Addu

The Abu Dhabi Fund for Development (ADFD) today confirmed the allocation of approximately USD 105 million for eight renewable energy projects in developing countries in the seventh cycle of the IRENA/ADFD Project Facility.

Francesco La Camera, Director-General of IRENA: The record levels of funding announced in this cycle of the facility will not only support the eight chosen countries (Antigua and Barbuda, Burkina Faso, Chad, Cuba, the Maldives, Nepal, Saint Lucia and Saint Vincent and the Grenadines) in their pursuit of energy and climate plans but will also further global ambitions to build a sustainable future.

The #Maldives is turning waste to energy — helping its people and preserving the environment. See other recently selected @IRENA/@ABUDHABI_FUND projects: https://t.co/18BcZLgVCt #ItsPossible pic.twitter.com/1A7h6JWtIO
— IRENA (@IRENA) April 4, 2020

In the Maldives, a waste-to-energy plant project in the city of Addu will receive an ADFD loan of US$14 million. The 1.5 MW renewable energy project will utilize waste in generating electricity and reduce dependence on imported fuel benefitting 35,000 people.

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