CHAPTER 2
SDG 7 - Affordable and Clean Energy has traditionally been a strong focus area of the OPEC Fund, as reliable and sustainable access to energy is a key enabler for develop- ment. Target 7.1 is the main area supported by OPEC Fund projects analyzed in this edition of the report (Table 7) . Recently approved examples include a US$25 million loan to Niger for building three solar PV plants with a
total of 40 MW peak capacity generation, constructing 2,687 km of new transmission lines to connect numerous cities throughout the country, connecting 111,864 new sub- scribers to the national electricity grid, as well as joining 1,877 households to solar mini-grids. Another example is a US$20 million loan to Uzbekistan to develop a 500 MW wind farm.
Table 7: Project contributions to SDG 7
Nr. of contributing projects
% of contributing projects
SDG target
7.1 By 2030, ensure universal access to affordable, reliable and modern energy services
6
14%
7.2 By 2030, increase substantially the share of renewable energy in the global energy mix
3
7%
7.3 By 2030, double the global rate of improvement in energy efficiency 2
5%
7.a By 2030, enhance international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology, and promote investment in energy infrastructure and clean energy technology 7.b By 2030, expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries, in particular least developed countries, small island developing States and landlocked developing countries, in accordance with their respective programs of support
4
9%
3
7%
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