The emirati developer behind the nation’s first private utility scale solar project cited the financial certainty offered by the host government under its national development plan.
The Abu Dhabi Fund for Development will support half a dozen megawatt scale projects featuring solar in the Caribbean and Africa. In addition to around 42.5 MW of new solar capacity, the fund will also back the development of energy storage, waste-to-energy and biogas facilities.
The projects were developed under the auspices of an arrangement between the Abu Dhabi Fund for Development and IRENA which supplies concessional loan financing for renewables facilities.
The seventh round of funding under the Abu Dhabi Fund for Development program takes to US$350 million the amount pumped into clean energy as part of state-run energy transition strategies in the developing world.
The 6 MW Solar Park Freetown will be built with the support of the Abu Dhabi Fund for Development (ADFD).
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