ADB, GCF, and Australia Together Pledge $44.6 Million for Tonga’s Renewable Expansion

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 ...
/ / Other, Renewable Energy
EESL Issues Tender To Procure 5 Million Smart Meters to be Installed Across India

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 ...
/ / Grid, Smart Grid
India’s Transmission Infrastructure Struggles to Keep Up With Wind and Solar Additions

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 ...
/ / Grid, T&D
Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019

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

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

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

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 ...
REC to Increase Loan Disbursements to Renewable Energy Segment in the Coming Years

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 ...
/ / Other, Renewable Energy
ADB and ASEAN Announce $1 Billion Green Finance Facility

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 ...
/ / Finance and M&A, Other
Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

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 ...
/ / Finance and M&A, Solar
Asian Development Bank to Provide $18.7 Million for 15 MW of Solar Projects in Mongolia

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 ...
/ / Markets & Policy, Solar
Sweden’s Trine Helps Finance Greenlight Planet’s Off-Grid Solar Projects in India

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 ...
/ / Other, Renewable Energy
IFC To Continue Supporting Private Sector Investments in Europe and Central Asia

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 ...
/ / Finance and M&A, Solar
ADB to Provide $11.5 Million for 50 MW of Solar Projects in Kazakhstan

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 ...
/ / Finance and M&A, Solar
Asian Development Bank Invests $20 Million in AC Energy’s First Climate Bond

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 ...
/ / Markets & Policy, Solar
SBI Raises $650 Million Via Green Bonds, Announces Plans for Going Solar

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 ...
/ / Finance and M&A, Solar
ADB to Provide $13 Million Grant to EESL for Promoting End Use Energy Efficiency in India

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 ...
/ / Energy Efficiency, Other
Mongolia Gets $60.6 Million for Solar-Wind Hybrid Project with Battery Energy Storage

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 ...
/ / Other, Renewable Energy
Get Smart_ 5,000 Homes in Varanasi Receive Smart Electricity Meters

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 ...
/ / Grid, Smart Grid
EESL Signs Pact with Haryana DISCOMs to Install 1 Million Smart Meters

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 ...
/ / Energy Efficiency, Other
Thai and Vietnamese Firms Come Together for a 420 MW Solar PV Project

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

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

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

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 ...
/ / Finance and M&A, Solar
EBRD and ADB Finance $50 Million for a Solar Project in Kazakhstan

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 ...