In Short : The International Renewable Energy Agency (IRENA) has issued a call to scale up renewable energy projects across Latin America, aiming to accelerate the region’s energy transition. The initiative seeks to mobilise investment, strengthen policy frameworks, and expand clean energy capacity to improve energy security, reduce emissions, and support sustainable economic growth.
In Detail : Proposals submitted by 1 March 2026 will receive priority consideration
To accelerate renewable project financing across Latin America, the International Renewable Energy Agency (IRENA) is inviting renewable energy project developers from both the public and private sectors in the region to submit their project proposals. Selected projects may be considered for funding through IRENA’s Climate Investment Platform (CIP) and Energy Transition Accelerator Financing (ETAF) platform.
This initiative aims to support the ongoing efforts of Latin American countries to decarbonise their economies and scale up the use of renewable energy, while ensuring a just energy transition. Eligible projects will benefit from potential access to financing, investment partnerships, and de-risking instruments to help accelerate their development.
Eligible Countries:
Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Uruguay, Venezuela.
How to Apply
To be eligible for the CIP, projects must be beyond the conceptual stage and aligned with the United Nations’ Sustainable Development Goals and national climate action priorities. For the ETAF platform, the focus is on medium-to-large-scale projects that require significant capital investment. These projects should have completed feasibility studies and demonstrate readiness for financing.
Climate Investment Platform (CIP)
The CIP is a joint initiative of IRENA, United Nations Development Programme (UNDP), and the Sustainable Energy for All (SEforALL), in collaboration with the Green Climate Fund (GCF). The CIP seeks to enhance capital mobilization and impact investing in renewable energy in developing countries.
Eligibility Criteria for CIP:
- Project supports clean energy transition, national climate action priorities and Sustainable Development Goals.
- Project is beyond the conceptual stage, with pre-feasibility or preliminary studies completed.
Energy Transition Accelerator Financing (ETAF) Platform
ETAF provides medium-to-large-scale, investment-ready renewable energy projects with access to a range of financing instruments, totaling USD 4 billion committed by its 14 global financing and de-risking partners.
Eligibility Criteria for ETAF::
- Capital expenditure requirements of at least USD 25 million for private or Public-Private Partnerships (PPPs) and USD 10 million for public sector projects.
- A readiness level that includes a completed feasibility study, grid availability, offtake agreements, and financing readiness.
Want to strengthen your project submission?
To assist developers in preparing high-quality submissions, IRENA hosted a series of focused webinars providing guidance on eligibility criteria, application processes, and practical tips for submitting bankable, investor-ready proposals.
