Introduction The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have collaborated on a joint Project Facility to support technically, economically and financially feasible, replicable, scalable and transformative renewable energy projects with the potential for positive development impacts in developing countries. ADFD committed USD 350 million in concessional loans, over seven annual funding cycles, to renewable energy projects recommended by IRENA. IRENA administers a project screening process to recommend technically, economically and financially feasible, replicable, scalable and/or transformative renewable energy projects with the potential for positive development impacts in developing countries. Projects were selected for funding in January 2014 in the first cycle. ADFD soft loans cover up to 50% of the project costs. USD 214 million of ADFD loans have been allocated by ADFD for 21 renewable energy projects recommended by IRENA. Over USD 420 million is being provided by other co-funding sources to cover the rest of the project costs. IRENA carries out its project screening and recommendation process through two bodies: a strategic Advisory Committee (Committee), appointed annually by the IRENA Assembly, and an independent Panel of Experts established by the Committee. IRENA decision guides the implementation of the Facility. The Director-General of IRENA, on the basis of the Secretariat’s knowledge of experts in the field and Members and Signatory countries’ submission of the names of qualified experts, recommends a list of candidates for the Panel of Experts to the Committee in each cycle who evaluate the project proposals submitted by the applicants. Qualifications The experience and expertise of the of Experts needs to cover: various renewable energy technologies; renewable energy resource qualification; relevant developing country experience; knowledge of procedures and practices of development funds including economic analysis and financial assessment of projects; project design, development, implementation and management; project analysis, monitoring and evaluation; and technical, commercial and socio-economic impact assessments. See expert nomination form in Annex 1 for further details of qualifications needed. Selection cycle
Introduction The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have collaborated on a joint Project Facility to support technically, economically and financially feasible, replicable, scalable and transformative renewable energy projects with the potential for positive development impacts in developing countries. ADFD committed USD 350 million in concessional loans, over seven annual funding cycles, to renewable energy projects recommended by IRENA. IRENA administers a project screening process to recommend technically, economically and financially feasible, replicable, scalable and/or transformative renewable energy projects with the potential for positive development impacts in developing countries. Projects were selected for funding in January 2014 in the first cycle. ADFD soft loans cover up to 50% of the project costs. USD 214 million of ADFD loans have been allocated by ADFD for 21 renewable energy projects recommended by IRENA. Over USD 420 million is being provided by other co-funding sources to cover the rest of the project costs. IRENA carries out its project screening and recommendation process through two bodies: a strategic Advisory Committee (Committee), appointed annually by the IRENA Assembly, and an independent Panel of Experts established by the Committee. IRENA decision guides the implementation of the Facility. The Director-General of IRENA, on the basis of the Secretariat’s knowledge of experts in the field and Members and Signatory countries’ submission of the names of qualified experts, recommends a list of candidates for the Panel of Experts to the Committee in each cycle who evaluate the project proposals submitted by the applicants. Qualifications The experience and expertise of the of Experts needs to cover: various renewable energy technologies; renewable energy resource qualification; relevant developing country experience; knowledge of procedures and practices of development funds including economic analysis and financial assessment of projects; project design, development, implementation and management; project analysis, monitoring and evaluation; and technical, commercial and socio-economic impact assessments. See expert nomination form in Annex 1 for further details of qualifications needed. Selection cycle
Annex%201%20and%202_Guidelines%20for%20Experts.docx