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The OPEC Fund
for International
Development
  1. Focus Areas
  2. Energy

Focus Areas

  • Overview
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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$ 4,819.52m

  • 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$ 4,819.52m

Public Sector 71.79 %
Private Sector & Trade Finance 27.10 %
Grants 1.11 %

Operations

South Asia Subregional Economic Cooperation (SASEC) Electricity Transmission and Distribution Strengthening Project

Approved
05.03.2025
Country
Nepal
Focus Area
Energy
Status
Ongoing

Gulf of Suez 1,100MW Wind Power Plant

Approved
10.12.2024
Country
Egypt
Focus Area
Energy

Climate Financing Facility project

Approved
30.10.2024
Country
Türkiye
Focus Area
Energy
Status
Ongoing
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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!

Stories

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

Stories

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

Stories

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OFID at Astana Expo 2017

Video

OPEC Fund and IAEA seek science-based answers to development challenges

“United by a shared mission”

Stories

Focus Areas

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  • Agriculture
  • Education
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  • Health
  • Multisectoral
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Scroll top
Who We Are
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  • Facts & Figures
  • Member Countries
  • The Organization
  • Partners
  • FAQs
What we offer
  • Overview
  • Public Sector Lending
  • Private Sector & Trade Finance
  • Grants
  • Special Initiatives
Operations
  • Procurement Notices
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  • Countries A-Z
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The OPEC Fund
for International
Development
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