Funding announcements are made at the Irena Assembly in Abu Dhabi on Saturday. Courtesy Abu Dhabi Fund for Development.
A hydropower plant in Liberia that will help 30,000 people is among a set of new projects that will be backed by tens of millions of dirhams in funding.
A loan of almost Dh30m is to be granted to the scheme by Abu Dhabi Fund for Development and the International Renewable Energy Agency. The money will contribute to a project to build a 2.1 MW run-of-river hydropower plant on the Gee River.
The plant will aim to provide a clean, reliable and affordable source of energy to households, schools, health facilities and small businesses, enhancing living conditions and helping to reduce poverty.
Meanwhile, a solar power project in Guyana will also be given a Dh30m loan. It is hoped the scheme will reduce fossil fuel consumption, helping almost 35,000 people and supporting 120 jobs.
A third project, in Togo, has been awarded a Dh55m loan. It will fund the construction of a 30 MW grid-connected solar plant, which will be capable bringing clean, reliable power to around 700,000 households and small businesses. Local communities will benefit from greater access to drinking water, education and healthcare as well as job creation that prioritises women.
“The projects selected this year will contribute towards meeting national energy access targets and will transform lives for the better,” said Irena director-general Adnan Amin. “They will take advantage of cost-effective renewable energy to help reduce poverty, enable income-generating activities, and provide electricity to healthcare facilities and educational institutions, which will create jobs, empower women, and strengthen local communities.”