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 ...
ADB to Provide $45.44 Million Assistance to Bangladesh for Off-Grid Solar Solutions
The Asian Development Bank (ADB) has announced that it will give $20 million loan to Bangladesh under its Power System Efficiency Improvement Project for the furtherance of off-grid solar solutions ...
Solar Rooftop Startup ZunRoof Raises ₹16.6 Million in Second Round of Angel Funding
ZunRoof, an Indian solar rooftop startup, has raised ₹16.6 million ($0.25 million) in second round of angel funding from I3N (intellecap impact investment network) led by Pradeep Tharakan, senior energy ...
EBRD and ADB Finance $50 Million for a Solar Project in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) and Asian Development Bank (ADB) are investing heavily in the solar photovoltaic (PV) sector of Kazakhstan. The EBRD, Clean Technology Fund and Asian ...
ADB to Finance Solar Projects Worth $40 Million in Indonesia
The Asian Development Bank (ADB) will fund solar photovoltaic (PV) projects worth $40 million in Indonesia. The bank has announced a private sector financing package totaling $40 million to invest in ...
Bank of America Raises $2.25 Billion in its Largest Issue of Green Bonds
One of the world’s leading financial institutions, Bank of America, has announced a $2.25 billion green bond to support clean energy projects. In a media statement released by the bank, ...
ReNew Buys Ostro in One of the Largest Renewable Acquisition Deals in India
Indian renewable energy project developer ReNew Power has announced the acquisition of Ostro Energy Private Limited. The acquisition is valued close to ₹10,600 crores (~$1.63 billion), according to Mercom’s channel ...
ADB to Provide $235 Million Loan for Renewable Projects in ASEAN
The Asian Development Bank (ADB) has agreed to provide a $235 million loan to B. Grimm Power Public Company Limited for the expansion of renewable energy projects in the member ...
CPPIB Invests $144 Million in ReNew Power for a 6.3 Percent Stake
The Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3 percent stake in Indian renewable energy project developer ReNew Power from the Asian Development Bank (ADB) for $144 million ...
Development Banks Loaned $1.4 Billion to Indian Solar Rooftops in 2017
Various development banks made substantial concessional loans to assist the Indian government in its plans to expand solar rooftop installations in 2017. According to a new report by the Ministry ...
ADB to Provide $44.76 Million Grant to Develop 20 MW of Grid-Connected Solar in Afghanistan
The Asian Development Bank (ADB) has agreed to provide a $44.76 million (~₹2.88 billion) grant to help develop 20 MW of grid-connected solar in Afghanistan. The grant was approved by ...
EESL and GEF Partner to Launch $454 Million Energy Efficiency Fund
The Energy Efficiency Services Limited (EESL) and the Global Environment Facility (GEF) have partnered to launch a $454 million project called the “Creating and Sustaining Markets for Energy Efficiency” with ...
