El Salvador Eligible for IRENA Funding to Scale Up Solar Energy Projects with El Salvador solar funding
El Salvador is set to supercharge its renewable energy ambitions, particularly in solar power, as it is now eligible to submit project proposals to the International Renewable Energy Agency (IRENA). This significant opportunity stems from a new call for renewable energy projects across Latin America, opening a crucial funding pathway for the nation’s green transition.
Project developers from both the public and private sectors in El Salvador are encouraged to put forward their initiatives for consideration. Selected projects could gain access to vital financing, strategic investment partnerships, and de-risking instruments designed to accelerate their development and implementation.
Two Key El Salvador solar funding Platforms
IRENA is facilitating this support through two primary funding mechanisms, each tailored to projects at different stages of development:
1. Climate Investment Platform (CIP)
The CIP is designed to support projects that are aligned with national climate priorities and the United Nations’ Sustainable Development Goals. To be eligible, projects must have moved beyond the initial conceptual phase and have completed pre-feasibility or other preliminary studies. This platform is ideal for promising solar initiatives that have a solid foundation but require support to reach the next stage.
2. Energy Transition Accelerator Financing (ETAF) Platform
The ETAF platform targets more mature, medium-to-large-scale renewable energy projects that demand significant capital investment. Applicants for this platform must have completed comprehensive feasibility studies and be able to demonstrate a clear readiness for financing. This mechanism is perfectly suited for large-scale solar farms or other substantial clean energy ventures ready to break ground.
A Timely Opportunity for Growth with El Salvador solar funding
This call for proposals presents a pivotal moment for El Salvador to scale its solar energy capacity and further solidify its commitment to a sustainable energy future. By securing support through IRENA, the country can attract the necessary capital to reduce its reliance on fossil fuels, enhance energy security, and contribute to global climate action.
Project developers are urged to prepare their proposals promptly. Submissions received by March 1, 2026, will be given priority consideration, making it essential for stakeholders to act quickly to seize this opportunity.
