ADFD finances 90 renewable projects worth $1.3bn
ABU DHABI, January 25, 2021 The Abu Dhabi Fund for Development (ADFD), has consistently increased its portfolio of projects, having funded 90 of them over a decade at a total value of about AED4.7 billion ($1.3 billion). Cumulatively generating 9,755MW of electricity, these projects benefited 65 countries by supporting their economies and improving the quality of life. Mohammed Saif Al Suwaidi, Director General of the Fund, expressed gratitude to the UAE’s leadership in investing in the just cause. “Such initiatives form the core of development and the UAE realised that years ago, which prompted it to host the headquarters of the International Renewable Energy Agency (Irena)” he said. “Thanks to the support of our leadership, we have been able to help our partner countries to address some of their pressing challenges through innovative renewable-energy initiatives, at the same time creating many milestones in
ADFD finances 90 renewable energy projects worth AED 4.7bn over a decade
ABU DHABI, 25th January, 2021 (WAM) Abu Dhabi Fund for Development (ADFD) has been supporting the country’s effort towards driving energy transition at home and around the world by financing innovative renewable-energy projects.
These initiatives have had powerful impact on the economies and the environment of beneficiary countries.
The Fund has consistently increased its portfolio of such projects, having funded 90 of them over a decade at a total value of about AED4.7 billion (US$ 1.3 billion). Cumulatively generating 9,755MW of electricity, these projects benefited 65 countries by supporting their economies and improving the quality of life.
Abu Dhabi Fund for Development (ADFD) continued to advance its sustainable development agenda within the country and abroad through clean-energy initiatives with its total project allocations surging to AED622 million ($169 million) last year.
Abu Dhabi Fund for Development (ADFD) is continuing to advance its sustainable development agenda within the country and abroad through clean-energy initiatives, with allocations worth AED622 million ($170 million).