(The journalist is in Abu Dhabi on an invite from Masdar, the host of Abu Dhabi Sustainability Week).
Renewable electricity should supply 57% of global power by the end of the decade, up from 26% today, the agency suggests.
The 10th Session of the IRENA Assembly and related meetings will take place over the next couple of days in Abu Dhabi, United Arab Emirates.
He stressed the need to find a balanced energy mix in the Kingdom that includes renewable energy sources, in order to achieve growth and prosperity and enhance energy security.
Their programme supports developing nations in securing low cost capital for renewable energy projects to increase energy access, improve livelihoods and advance sustainable development.
- The 10-MW Troumassee solar park, battery storage and solar power facilities across Saint Lucia, with Dollars 15 million in funding.
The ADFD granted US$15 million to an 8MW solar-plus-wind power plant in Antigua and Barbuda; US$20 million to install 8.5MW of solar PV backed by 2MW of energy storage in Cuba; US$10 million to a 7MW solar project in Saint Vincent and the Grenadines; and US$15 million to a 10MW power station in Saint Lucia, as well as other battery storage and solar system projects. Highlighting the benefits of the Blitta solar PV project, he added that the electricity generated will feed into the national grid, and provide power for 700 small- and medium-sized industries and approximately 600,000 households.
In Chad, the loan of $15 million will contribute to the construction of a six MW solar power plant.
A waste-to-energy plant project in the city of Addu will receive an ADFD loan of US$14 million. The Energy Minister said she proposed to director La Camera to support Albania's future plans in renewable energy, through innovative projects such as floating solar panels, which have been successfully piloted in several countries.
Since the first cycle selection of projects in 2014, ADFD has successfully funded 32 renewable energy projects across the world, covering up to 50 percent of the total project costs. The Global Energy Forum, organized by Atlantic Council, brings together high-level representatives influencing in policy-making and decision-making and aims to exchange experiences and create new partnerships in the energy field, to develop regional and global strategies and build regulatory framework in the various energy sectors.