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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 2019 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 2020, the OPEC Fund committed US$153 million to the energy sector (US$93m for sovereign operations; US$60m for non-sovereign operations).
Commitments are operations and agreements that have been signed by the relevant parties.
Approvals by Region
Total approvals: US$ 4,169.87m
- Africa
- Asia
- Latin America & Caribbean
- Global
Amounts under US$.09m may not be reflected in this chart.
Approvals by Financing Types
Total approvals: US$ 4,169.87m
Public Sector
76.31 %
Private Sector & Trade Finance
22.44 %
Grants
1.25 %
Operations
Support to Climate Action and Energy Transition Program
Approved
14.03.2023
Country
Colombia
Focus Area
Energy
Status
Ongoing
Benaco - Kyaka Transmission Line Project (Tranche 1)
Approved
15.12.2022
Country
Tanzania
Focus Area
Energy
Status
Ongoing
The Climate Finance and Energy Innovation Hub - UNCDF
Approved
15.12.2022
Country
Congo, DR,
Rwanda,
Madagascar,
Malawi
Focus Area
Energy
Category
Technical Assistance
Stories & Videos
US$30 million OPEC Fund loan to Ameriabank will promote private sector development in the country
Promoting sustainable energy and supporting small enterprises in Armenia
The OPEC Fund has teamed up with ACWA Power to boost power generation in partner counties Egypt and Uzbekistan
Energy boost for a cleaner future
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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