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- Focus Areas
- Energy
Energy
Progress has been made on ensuring access to affordable, reliable and modern energy for all under Sustainable Development Goal 7, thanks to better electrification rates – particularly in the least developed countries – and improvements in industrial energy efficiency and gains made in renewable energy. However, the Sustainable Development Goals Report 2023 by the United Nations is clear that national priorities and policy ambitions still need to be strengthened to put the world on track to meet energy targets for 2030.
The OPEC Fund has long focused on supporting access to energy, worldwide. In 2023, the OPEC Fund committed more than US$200 million to the energy sector.
Commitments are operations and agreements that have been signed by the relevant parties.
Approvals by Region
Total approvals: US$ 4,609.89m
- Africa
- Asia
- Latin America & Caribbean
- Europe
- Global
Amounts under US$.09m may not be reflected in this chart.
Approvals by Financing Types
Total approvals: US$ 4,609.89m
Public Sector
72.53 %
Private Sector & Trade Finance
26.33 %
Grants
1.14 %
Operations
Gulf of Suez 1,100MW Wind Power Plant
Approved
10.12.2024
Country
Egypt
Focus Area
Energy
Mauritania-Mali Power Interconnection and Related Solar Power Plants Development Project (PIEMM)
Approved
30.10.2024
Country
Mauritania
Focus Area
Energy
Status
Ongoing
Climate Financing Facility project
Approved
30.10.2024
Country
Türkiye
Focus Area
Energy
Status
Ongoing
Stories & Videos
Homes and hospitals, schools and shops will always need power. Economies cannot grow in the dark, nor can societies function. The challenge now is to keep the lights on without causing the sky to fall in
Renewables Now!
A US$1.5 million OPEC Fund technical assistance grant to UNIDO will advance energy access and promote energy transition
Support for clean cooking in Madagascar
Young professionals get a first taste of the many balancing acts facing development finance and achievement of the global Sustainable Development Goals
Development day at the OPEC Fund
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