October 10, 2017
The Abu Dhabi Fund for Development (ADFD) has signed an agreement with renewables developer Masdar for a $50m fund dedicated to power projects in the Caribbean.
According to a statement from the ADFD, the first projects to receive funding include solar and battery storage technology facilities in Antigua & Barbuda, the Bahamas, Barbados, Dominica and St. Vincent & The Grenadines.
The ADFD set up the fund in January with an initial $50m injection to fund projects across 16 Caribbea
UAE-based renewables developer sets aside $50m for solar initiatives throughout the region