Energy financing: OPEC partners IRENA to accelerate transition - ITREALMS

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The Vienna-based OPEC Fund for International Development (OPEC Fund) has signed an agreement with the International Renewable Energy Agency (IRENA) to join the Energy Transition Accelerator Financing (ETAF) platform, reports ITREALMS.

The ETAF platform is a global initiative that seeks to mobilise funds for renewable energy investments. The OPEC Fund plans to support the platform with up to USD 250 million financing until 2030 to finance renewable energy solutions in its partner countries.