IRENA

Innovation paves way for next stage of global energy transformation
Innovative solutions accelerate low-cost renewables in the power sector, providing countries with tools to benefit from renewables scale-up, new IRENA report finds
Pumped hydro Storage Plants: one of the cheapest sources of electricity
Hydropower plants can be operated to provide base-load power as well as peak-load supply through pumped-storage, says Jesús Sancho, ME Managing Director for ACCIONA
Abu Dhabi Fund for Development Finances Renewable Energy Projects Worth $1.18bn
Projects supported by the fund contribute to production of 2,584 MW of renewable energy
Abu Dhabi Fund for Development Allocates $10mn for Solar PV Project in Mauritius
Project falls within the fifth cycle of IRENA/ADFD Project Facility and will benefit 10,000 families in low-income communities
Over $50mn ADFD/IRENA loans available for renewable energy projects
Seventh funding cycle of IRENA/ADFD Project Facility now open for applications from government-backed projects in developing countries
Bright future for offshore wind
Costs have been falling rapidly and are expected to decline by a further 30% by 2030, leading to an expected growth in installed capacity to 128 GW by 2030 and 521 GW by 2050

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