IRENA/ADFD announce $24 million in loans for bioenergy projects

January 14, 2020 |

In the UAE, the Abu Dhabi Fund for Development (ADFD) confirmed the allocation of approximately $105 million for eight renewable energy projects in developing countries in the seventh cycle of the IRENA/ADFD Project Facility, of which two are bio-based.

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.

In Nepal, a project will receive an ADFD loan of US$10 million to support a total of 20 biogas digesters which will serve as demonstration units to 270 municipalities. The digesters will convert organic waste into useful energy and offset the use of fossil fuels by replacing it with renewable natural gas.

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Category: Fuels

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