ADB Approves $6 Million Grant to Tuvalu to Increase its Renewable Energy Generation
The Asian Development Bank (ADB) approved a $6 million grant for the Government of Tuvalu (located in the south Pacific) to help it shift away from fossil fuels and to ...
ADB Grants $451 Million Loan to Boost Power Transmission Capacity in Tamil Nadu
The Asian Development Bank (ADB) has sanctioned a $451 million (~₹31.77 billion) loan to the state of Tamil Nadu for a project that will enable better power transfer between the ...
ADB Grants $37 Million for a 47.5 MW Floating Solar Project in Vietnam
The Asian Development Bank (ADB) has signed a $37 million loan agreement that would finance the installation of a 47.5 MW floating solar project in Vietnam. The global lender has ...
ADB, GCF, and Australia Together Pledge $44.6 Million for Tonga’s Renewable Expansion
The Asian Development Bank (ADB), the Green Climate Fund (GCF), and the Government of Australia have signed an agreement to develop renewable energy in Tonga. The total grant for expanding ...
EESL Issues Tender To Procure 5 Million Smart Meters to be Installed Across India
The Energy Efficiency Services Limited (EESL) has issued a tender for the procurement of five million smart meters to be installed across India. India has applied for financing from the ...
India’s Transmission Infrastructure Struggles to Keep Up With Wind and Solar Additions
With the expected surge in electricity demand over the coming decade and the rapid installation of solar and wind, India’s transmission and distribution system will require significant expansion sooner than ...
Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019
There was a lag in the rapid pace of activities in the renewable energy sector during the month of May. The ongoing Lok Sabha elections had slowed down the tenders ...
ADB to Provide $7 Million to Support a 100 MW Solar Park Project in Cambodia
The Asian Development Bank (ADB) has approved a $7.64 million loan to support the construction of a 100 MW solar park in Cambodia. This loan is in support of the ...
ADB Lends $4 Million in Loan to Afghanistan’s 15 MW Solar Project
A $4 million loan agreement has been signed between the Asian Development Bank (ADB) and Barakat Kandahar Solar Energy (BKSE). BKSE is a special purpose vehicle (SPV) with its majority ...
ADB Provides $750 Million Loan to Indian Railways for Transitioning to Electric Power
The Indian Railway Finance Corporation (IRFC) has signed an agreement with the Asian Development Bank (ADB) for the electrification of railway tracks. This initiative is part of a broad modernization ...
ADB Announces $100 Million Assistance to Support Renewable Projects in the Pacific
As a part of its ongoing Pacific Renewable Energy Program, the Asian Development Bank (ADB) has approved an umbrella facility of up to $100 million to provide financing support including ...
ADB and ASEAN Announce $1 Billion Green Finance Facility
The Asian Development Bank (ADB) along with Southeast Asian governments and major development financiers has launched the “ASEAN (Association of Southeast Asian Nations) Catalytic Green Finance Facility,” a new initiative ...
Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO
Independent power producer (IPP), Avaada Energy, has announced that it has secured financing of around ₹10 billion ($143.8 million) in the form of equity infusion from the Asian Development Bank ...
Asian Development Bank to Provide $18.7 Million for 15 MW of Solar Projects in Mongolia
The Asian Development Bank (ADB)) and Asia’s Private Infrastructure Fund (LEAP) have signed an agreement to provide an $18.7 million loan to develop 15 MW of solar power project in ...
ADB to Provide $12.2 Million Financing for Renewable Projects in Africa’s Tonga
The Asian Development Bank has announced that it will provide a $12.2 million financing for renewable energy projects under the Pacific Renewable Energy Investment Facility. This facility was approved by ...
ADB to Invest $50 Million in Avaada Energy for Expansion of Solar Projects in India
The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital ...
ADB to Provide $11.5 Million for 50 MW of Solar Projects in Kazakhstan
The Asian Development Bank (ADB) has signed an $11.5 million loan agreement with Baikonyr Solar LLP for the expansion of solar power in Kazakhstan. The scope of work includes the ...
Asian Development Bank Invests $20 Million in AC Energy’s First Climate Bond
The Asian Development Bank (ADB ) has invested $20 million in the first climate bond issuance of AC Energy, a wholly-owned subsidiary of Ayala Corporation in the Philippines. This will be the ...
ADB to Invest $155 Million in B.Grimm Power’s Green Bonds for Solar Projects in Thailand
The Asian Development Bank (ADB ) has announced that it will invest 5 billion Thai baht ($155 million) in one of Thailand’s largest private power producers, B.Grimm Power through 5-year ...
ADB to Provide $13 Million Grant to EESL for Promoting End Use Energy Efficiency in India
The Asian Development Bank (ADB) has entered a $13 million grant agreement with India’s Energy Efficiency Services (EESL). The grant will be provided by the Global Environment Facility (GEF) for the additional ...
Mongolia Gets $60.6 Million for Solar-Wind Hybrid Project with Battery Energy Storage
The Asian Development Bank (ADB) has signed a loan agreement with the Government of Mongolia under which it will be providing $60.6 million for distributed renewable energy projects in the ...
Get Smart: 5,000 Homes in Varanasi Receive Smart Electricity Meters
Asian Development Bank (ADB) has successfully completed the pilot phase of its satellite-based smart meter project in a village in Varanasi in which 5,000 households received the meters. This project ...
Indore Smart City Development Limited Issues Tender for 30,000 Smart Meters
Indore Smart City Development Limited has issued a tender for smart meters to be installed under Indore Smart City project. This is a percentage rate tender for the supply, installation ...
Thai and Vietnamese Firms Come Together for a 420 MW Solar PV Project
Thailand’s B.Grimm Power and Vietnam’s Xuan Cau have signed a development cooperation agreement for a 420 MW solar photovoltaic (PV) project located in Tay Ninh, south-west of Vietnam. The project ...
ADB to Support Climate Change Mitigation with €600 Million in Green Bonds
The Asian Development Bank (ADB) has raised €600 million (~$702.80 million) to support climate change mitigation and adaptation projects with the issue of a 7-year green bond. The bond has ...
