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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$200 million to the energy sector.
Commitments are operations and agreements that have been signed by the relevant parties.
Approvals by Region
Total approvals: US$ 4,402.09m
- Africa
- Asia
- Latin America & Caribbean
- Global
Approvals by Financing Types
Total approvals: US$ 4,402.09m
Operations
Rogun Hydropower Plant Project (Lot 4) - Tranche 1
Begana and Gamri-I Integrated Hydropower Project
ESTABLISHMENT OF SIERRA LEONE CLIMATE FINANCE AND ENERGY INNOVATION HUB
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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