The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) announced on January, 2016, USD 46 million in concessional loans for four renewable energy projects in the three ECOWAS Member States and Antigua and Barbuda. The loans will fund a solar project in Burkina Faso, a solar and wind project in Cabo Verde and a solar project in Senegal. The three projects will result in 7,6 megawatts of new renewable energy capacity and represent a mix of renewable energy sources, are all innovative, potentially replicable or scalable, and will improve energy access.