SPECIAL FEATURE
• As of December 2019, the OPEC Fund had approved US$5.5 billion in 465 energy operations worldwide.
• This represents nearly one-quarter of total approvals.
• Out of these, around US$1.2 billion supported 157 renewable energy operations in 68 countries.
RENEWABLE ENERGY US$487m
By Silvia Mateyka Renewable energy operations financed by the OPEC Fund Total Asia regional distribution: Total LAC regional distribution: US$247.7m
Multiregional distribution:
US$0.6m By technology (in US$m, excluding grants) Hydropower 681 Solar 262
Wind/ hydropower
25 Geothermal 24 Hydro/ wind/ solar 12
Grand total: 1,179 billion
Biomass 9 Grants: US$31m Wind 166 Total Africa regional distribution: US$475.3m
By financing mechanism Public Sector:
Private Sector: US$465m US$714m
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