Managed by IRENA, the ETAF Platform has attracted USD 1.25 billion in pledged resources to support the energy transition. The platform is increasing its ambition, planning to provide financing of 5 GW of projects by 2030.
Projects should:
Geographic scope: IRENA member countries [or in accession]
Technology: feasible projects featuring proven renewable energy and decarbonisation technologies
Project’s development level: beyond the business development stage and have availability of grid connection (for on-grid projects) and offtake arrangements
Climate action and sustainable alignment: compliance with Paris Agreement objectives and realisation of NDCs and SDGs
Project size: have a minimum project CAPEX of USD 25 million (for private sector/PPP projects) and USD 10 million (for public sector projects)
Detailed eligibility criteria can be found here: https://mc-cd8320d4-36a1-40ac-83cc-3389-cdn-endpoint.azureedge.net/-/media/Etafplatform/Files/ETAF-PEC-and-Scoring-Criteria-Nov2022.pdf?rev=5f49be6581ce41b6b4738e6ba344d0a4&hash=DBE18DBAA0A4E6591A9F8CFC225C650A
ETAF mobilises funding resources from international financial institutions, such as MDBs, DFIs, and the private sector, to fund eligible projects’ capital expenditures.
Online submission: https://etafplatform.org/Submit-your-project
Multilateral funds
IRENA & the ADFD Energy Transition Accelerator Financing (ETAF) Platform
Grant facility
Hydropower, Geothermal, Solar, Wind, Waste to energy, Hybrid