Partners
The Energy Transition Accelerator Financing (ETAF) platform is managed by the International Renewable Energy Agency (IRENA). IRENA provides its expertise on energy transition technologies as a leading international organisation in the field. As platform manager, IRENA facilitates the cooperation with and between the partners from project evaluation towards financial close.
Abu Dhabi Fund for Development
Abu Dhabi Fund for Development (ADFD) is the UAE’s leading bilateral development financing institution that supports developing countries achieve sustainable and inclusive growth. Established in 1971 and owned by the Abu Dhabi Government, ADFD finances the development of infrastructure projects in developing nations through the use of concessionary loans, long-term and strategic investments, and exports financing that help partner countries achieve highly impactful economic, social and environmental objectives. ADFD also manages grants offered by the Abu Dhabi government to developing nations, and supports the UAE’s overall agenda for international aid.
Asian Infrastructure Investment Bank (AIIB)
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. AIIB began operations in Beijing in January 2016 and have since grown to 105 approved members worldwide. AIIB is capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Working with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
Masdar
Abu Dhabi’s renewable energy company Masdar is advancing the commercialisation and deployment of renewable energy, sustainable urban development and clean technologies to address global sustainability challenges. Masdar's mandate is to help maintain the UAE’s leadership in the global energy sector, while supporting the diversification of both its economy and energy sources for the benefit of future generations. Today, Masdar is active in more than 40 countries, including the UAE, Jordan, Saudi Arabia, Mauritania, Egypt, Morocco, the UK, the US, Australia, Serbia, India, Indonesia, Uzbekistan, and many more.
Swiss Re
As one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, Swiss Re works with the private and public sector to make the world more resilient. Founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally, with approximately 14,000 employees. As a re/insurer, Swiss Re is both impacted by climate change and plays an important role in tackling it. With its vision of making the world more resilient, Swiss Re is fully committed to working with governments, clients and other stakeholders to reach net-zero emissions in their operations by 2030 and in their underwriting and asset management by 2050. Swiss Re will help advance the energy transition, continue to provide re/insurance solutions to support the expansion of renewable energy and invest in the scaling of carbon removal technology. Swiss Re is also a member of RE100, working to increase global corporate commitment to renewable electricity.
OPEC Fund
The OPEC Fund for International Development (OPEC Fund) was established in 1976 with a clear mission to drive development, strengthen communities, and empower individuals. Its primary focus lies in financing projects that address essential needs such as food, energy, infrastructure, employment (especially for MSMEs), clean water and sanitation, healthcare, and education. Over the years, the OPEC Fund has demonstrated its commitment by allocating more than US$24 billion to development projects across 125 countries. With nearly five decades of experience in development finance and technical assistance, the OPEC Fund has a proven track record of delivering impactful development outcomes through strategic partnerships, including the area of energy access.
Inter-American Development Bank (IDB)
With a history dating back to 1959, the Inter-American Development Bank (IDB) has become the leading source of development financing for Latin America and the Caribbean. Through the provision of financial and technical support, IDB helps enhance health and education, as well as advance infrastructure. IDB prioritizes social inclusion and equality, productivity and innovation, and regional economic integration in its development work across Latin America and the Caribbean.
Emirates Development Bank
The Emirates Development Bank [EDB] is a key financial engine for the economic development and industrial advancement of the UAE. EDB provides financial and non-financial support to businesses of all sizes from start-ups, SMEs to large corporates driving economic competitiveness across five strategic priority sectors: Manufacturing, Advanced Technology, Food Security, Healthcare, and Renewables. EDB’s mission is to foster a healthy, sustainable, and self-reliant economy through the provision of tailored financing solutions to businesses domiciled in the UAE and engaged in sectors of strategic priority to the nation.
Beyond its financing products, EDB supports entrepreneurs and SMEs with education and mentoring programs tailored to business start-up requirements.
ICIEC
ICIEC, a leading multilateral credit and political risk insurer and member of the Islamic Development Bank Group, commenced its operations in 1994 to strengthen economic relations between OIC Member States, promote intra-OIC trade, and facilitate investments by providing risk mitigation tools and financial solutions. The Corporation is uniquely the only Islamic multilateral insurer in the world. It has delivered a comprehensive suite of solutions and services to the public and private in its 49 Member States and globally. The products' suite includes Documentary Credit Insurance Cover, Credit Insurance Cover, Bank Master Policy, Non-Honouring of Sovereign Financial Obligation, and Investment Insurance Products. ICIEC has maintained for 16 consecutive years an "Aa3" insurance financial strength credit rating from Moody's, ranking the Corporation among the top of the Credit and Political Risk Insurance (CPRI) Industry. ICIEC's resilience is underpinned by its sound underwriting, reinsurance, and risk management policies. Cumulatively, ICIEC has insured more than US$ 108 billion in trade and investment directed to specific sectors - energy, manufacturing, infrastructure, healthcare, and agriculture.
Islamic Development Bank
The Islamic Development Bank (IsDB) is a multilateral development bank (MDB), working to improve the lives of those they serve by promoting social and economic development in Member countries and Muslim communities worldwide, delivering impact at scale. IsDB provides the infrastructure to enable people to lead better lives and achieve their full potential, bringing together 57 member countries across four continents. IsDB is one of the world’s most active MDBs, and global leaders in Islamic Finance, with an AAA rating, and operating assets of more than USD 16 billion and subscribed capital of USD 70 billion.
European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) builds stronger and greener economies across three continents. It supports countries in their development using a combination of investment, advisory work and policy reform. EBRD focuses on developing the private sector and bringing about sustainable change, making an enduring impact for a better future. In times of global turbulence, in places where the Bank’s help is most needed, EBRD steps up: for example in supporting Ukraine, dealing with climate change, inequality and the digital transition. This is what the EBRD does: investing in changing lives.
HSBC
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of US$3,039 bn at 31 December 2023, HSBC is one of the world’s largest banking and financial services organisations.
IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. IFC works in more than 100 countries, using their capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.
MIGA
The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group. Their mandate is to promote cross-border investment in developing countries by providing guarantees (political risk insurance and credit enhancement) to investors and lenders. MIGA’s guarantees protect investments against non-commercial risks and can help investors obtain access to funding sources with improved financial terms and conditions. The agency derives its unique strength from the World Bank Group and from its structure as an international organization. This enables MIGA to provide an umbrella of deterrence against government actions that could disrupt projects and assist in the resolution of disputes between investors and governments.
Africa50
Africa50 is a pan-African infrastructure asset management group that contributes to the continent's growth by developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact. Africa50 currently has 34 shareholders, comprised of 31 African countries, the African Development Bank, the Central Bank of West African States (BCEAO), and Bank Al-Maghrib.