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 ...
ADB Approves $200 Million Loan for 100 MW Wind Project in Sri Lanka
The Asian Development Bank (ADB) has agreed to provide a $200 million loan with a sovereign guarantee to the Ceylon Electricity Board to develop the first 100 MW wind park ...
ADB to Finance More Transmission Network Components with Co-Financing from AIIB
The Asian Development Bank (ADB) has increased its investment in Indian grid-infrastructure development by agreeing to fund additional power transmission network components with co-financing from the Asian Infrastructure Investment Bank ...
ADB to Provide $50 Million Loan to Develop 50 MW of Rooftop Solar in Sri Lanka
The Asian Development Bank (ADB) will provide $50 million as loan to develop 50 MW of rooftop solar projects in Sri Lanka. This will help diversify the Sri Lankan energy ...
Punjab National Bank to Provide $500 Million to Finance Rooftop Solar Projects in India
The Punjab National Bank (PNB) will finance rooftop solar projects in India through a customized program and will provide up to $500 million (~₹32 billion) in term loans to developers ...
ADB to Provide $1.1 Billion Loan to Strengthen Indonesia’s Energy Sector
The Asian Development Bank (ADB) will provide $1.1 billion in loan to Indonesia to diversify and strengthen its energy sector. According to an ADB release, “The Board of Directors today ...
Sri Lanka to Reach 100 Percent Renewables by 2050
Sri Lanka can meet its current and future electricity demand through the use of renewable energy by 2050, according to a joint study by the UN Development Program (UNDP) and ...
