The OPEC Fund for International Development (the OPEC Fund) is supporting Egypt's renewable energy transition with a US$37 million loan for the Abydos II solar photovoltaic project, one of the country's largest clean energy developments to date.
The OPEC Fund for International Development (the OPEC Fund) has successfully raised US$1.25 billion through a new 5-year benchmark bond issuance, marking a strong start to its 2026 funding program.
The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively.
The OPEC Fund for International Development (the OPEC Fund) is providing a US$30 million loan to Prime BankPLC in Bangladesh to expand access to trade finance for micro, small and medium-sized enterprises (MSMEs) and agribusinesses.
The OPEC Fund delegation will also visit major project sites, including the Area-1 (Gobustan) wind farm, developed by Saudi Arabia's ACWAPower and co-financed with a US$50 million loan from the OPEC Fund.
The OPEC Fund ... Since 2016, the OPEC Fund and ACWAPower have co-financed six major projects across Jordan, Egypt, Uzbekistan, and Azerbaijan, with nearly US$300 million in OPEC Fund's financing to date.