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. Read more about how the institution supports this sector in the latest Annual Report.

Approvals by Region

Total approvals: US$ 4,941.76m

Africa
Asia
Latin America & Caribbean
Europe
Global

Amounts under US$90,000 may not be reflected in this chart.

Approvals by Financing Types

Total approvals: US$ 4,941.76m

Public Sector 71.45 %

Private Sector & Trade Finance 27.48 %

Grants 1.07 %

Operations

Gamri-II 55 MW Hydropower Project

Approved

11.12.2025

Country

Bhutan

Focus Area

Energy

Status

Ongoing

Abydos II Solar PV - Egypt

Approved

17.09.2025

Country

Egypt

Focus Area

Energy

PPTA for Padma 80 MW Solar PV Power Project

Approved

05.09.2025

Country

Bangladesh

Focus Area

Energy

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