IRENA launches Call for Renewable Energy Projects in Central Asia

IRENA launches Call for Renewable Energy Projects in Central Asia

The call intends to support ongoing efforts by Central Asian countries to increase the use of renewable energy to address the rising demand for energy, diversify their energy mix, support economic growth and meet climate objectives.

Types of Platforms

• Climate Investment Platform (CIP):
  • The CIP is a joint initiative of IRENA, United Nations Development Programme (UNDP), and the Sustainable Energy for All (SEforALL), in collaboration with the Green Climate Fund (GCF). The CIP seeks to enhance capital mobilization and impact investing in renewable energy in developing countries.
• Energy Transition Accelerator Financing (ETAF) Platform

Funding Information

• Energy Transition Accelerator Financing (ETAF) Platform:
  • ETAF provides financing support for large-scale, investment-ready renewable energy projects, backed by over USD 4 billion in committed resources from 14 global financing, investment and de-risking partners.

Eligibility Criteria

• CIP:
  • Supports clean energy transition and national climate goals.
  • Be beyond the conceptual stage, with pre-feasibility or preliminary studies completed.
• ETAF:
  • Capital expenditure requirements of at least USD 25 million for private or Public-Private Partnerships (PPPs) and USD 10 million for public sector projects.
  • A readiness level that includes a completed feasibility study, grid availability, offtake agreements, and financing readiness.