Four countries in Africa and the Pacific will receive millions from Abu Dhabi to kick-start renewable energy projects, benefiting more than a quarter of a million people.
The Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (Irena) awarded Dh44.5 million to the Marshall Islands, Niger, Seychelles and the Solomon Islands at the Irena General Assembly on Saturday in Abu Dhabi.
“Over seven funding cycles, our US$350m partnership, Irena/ADFD Project Facility, aims to support and enhance the developing world’s energy needs by tapping into their abundant renewable energy sources,” said Mohammed Saif Al Suwaidi, ADFD’s director general.
The concessional loans, at 1 per cent to 2 per cent interest rates for 20 years, will help projects employing solar photovoltaic (PV) solutions and solar home kits to hydropower. They will provide electricity to more than 260,000 people.
So far, the organisations have provided more than $189m for 19 projects.
“The UAE’s commitment to advancing sustainable energy transitions in countries around the world has been unwavering,” said Ali Al Shafar, the UAE’s permanent representative to Irena.
“Our renewable energy development aid has been growing significantly to more than $900m.”
An important element is that this offers a sort of guarantee for other investors who may perceive these projects and countries as high-risk. The concessional loans range from $5m to $15m per project with a five-year grace period for payment. Other investors have provided $387m in co-financing.
“This facility is also putting in place an innovative process, which supports transformational and replicable projects that can potentially bring sustainable energy to millions of people around the world,” said Adnan Amin, Irena’s director general.
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Where can I submit a sample?
Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.
Collection centres in Abu Dhabi include:
- Abu Dhabi National Exhibition Centre (ADNEC)
- Biogenix Labs in Masdar City
- Al Towayya in Al Ain
- NMC Royal Hospital in Khalifa City
- Bareen International Hospital
- NMC Specialty Hospital, Al Ain
- NMC Royal Medical Centre - Abu Dhabi
- NMC Royal Women’s Hospital.
The specs
Engine: 3.0-litre 6-cyl turbo
Power: 374hp at 5,500-6,500rpm
Torque: 500Nm from 1,900-5,000rpm
Transmission: 8-speed auto
Fuel consumption: 8.5L/100km
Price: from Dh285,000
On sale: from January 2022
Brighton 1
Gross (50' pen)
Tottenham 1
Kane (48)
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
The biog
Favourite film: Motorcycle Dairies, Monsieur Hulot’s Holiday, Kagemusha
Favourite book: One Hundred Years of Solitude
Holiday destination: Sri Lanka
First car: VW Golf
Proudest achievement: Building Robotics Labs at Khalifa University and King’s College London, Daughters
Driverless cars or drones: Driverless Cars
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
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FA Cup quarter-final draw
The matches will be played across the weekend of 21 and 22 March
Sheffield United v Arsenal
Newcastle v Manchester City
Norwich v Derby/Manchester United
Leicester City v Chelsea
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UAE currency: the story behind the money in your pockets
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MATCH INFO
Burnley 0
Man City 3
Raheem Sterling 35', 49'
Ferran Torres 65'
From Conquest to Deportation
Jeronim Perovic, Hurst
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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