Asian Development Bank Increases its Climate Financing Target to $100 Billion by 2030

Asian Development Bank Increases its Climate Financing Target to $100 Billion by 2030

The Asian Development Bank (ADB) announced that it had raised its climate financing targets for developing member countries to $100 billion from $80 billion for 2019- 2030. The expanded climate ...
/ / Finance and M&A, Other
Daily News Wrap-Up: European Union Issues its First-Ever NextGenerationEU Green Bond

Daily News Wrap-Up: European Union Issues its First-Ever NextGenerationEU Green Bond

Here are some noteworthy cleantech announcements of the day from around the world: The European Union has issued its first-ever NextGenerationEU green bond. The 15-year bond due on February 4, ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Germany to Contribute €100 Million for Sustainable Energy in Africa

Daily News Wrap-Up: Germany to Contribute €100 Million for Sustainable Energy in Africa

Here are some noteworthy cleantech announcements of the day from around the world: Germany will contribute €100 million (~$115.45 million) to the African Development Bank's Sustainable Energy Fund for Africa ...
/ / Other, Renewable Energy
Daily News Wrap-Up ADB and IIFL Home Finance To Promote Green Housing in India

Daily News Wrap-Up: ADB and IIFL Home Finance to Promote Green Housing in India

Here are some noteworthy cleantech announcements of the day from around the world: Asian Development Bank (ADB) and IIFL Home Finance Limited (IIFL) inked an agreement for a $1 million ...
/ / Other, Renewable Energy
Mongolia Floats EPC Tender for a 10 MW Solar Project at Moron

Mongolia Floats EPC Tender for a 10 MW Solar Project at Moron

The Ministry of Energy, Government of Mongolia, has invited bids for the engineering, procurement, and construction (EPC) of a 10 MW solar power project at Moron in Mongolia. The last ...
/ / Solar, Tenders & Auctions
Maldives Issues Tender for 40 MW/40 MWh of Battery Energy Storage Systems

Maldives Issues Tender for 40 MW/40 MWh of Battery Energy Storage Systems

The Ministry of Environment, Climate Change, and Technology, Maldives, has invited bids from engineering, procurement, construction (EPC) contractors to install battery energy storage systems (BESS) of 40 MW/40 MWh capacity ...
Daily News Wrap-up Tata Power’s 37 Commercial Consumers Opt for Green Power in Mumbai

Daily News Wrap-up: Tata Power’s 37 Commercial Consumers Opt for Green Power in Mumbai

Here are some noteworthy cleantech announcements of the day from around the world: Tata Power announced that over 37 of its commercial customers with consumption of more than 19 MUs ...
/ / Other, Renewable Energy
India-AIIB Sign ₹21.9 Billion Loan Deal to Strengthen Power Transmission in Assam

India, AIIB Sign ₹21.9 Billion Loan Deal to Strengthen Power Transmission in Assam

The Government of India and the Asian Infrastructure Investment Bank (AIIB) have signed a loan agreement for $304 million (~₹21.9 billion) to develop the 'Assam Intra-State Transmission System Enhancement' project ...
/ / Grid, T&D
Daily Wrap-Up_ Blockchain Technology Guarantees Renewable Origin of Green Hydrogen

Daily News Wrap-Up: Blockchain Technology Guarantees Renewable Origin of Green Hydrogen

Here are some noteworthy cleantech announcements of the day from around the world: ACCIONA has developed a platform based on blockchain technology that guarantees the renewable origin of green hydrogen. With ...
/ / Other, Renewable Energy
Asian Development Bank Approves $231 Million Loan for Hydropower Project in Assam

Asian Development Bank Approves $231 Million Loan for a Hydropower Project in Assam

The Asian Development Bank (ADB) has approved a $231 million loan to develop the Lower Kopili Hydroelectric Power (LKHEP) facility in Assam. The Lower Kopili Hydroelectric Power facility will utilize ...
/ / Finance and M&A, Other
Sri Lanka Plans a 100 MW Solar Project Through Private Sector Investment

Sri Lanka Plans a 100 MW Solar Project Through Private Sector Investment

Sri Lankan cabinet of ministers approved a proposal tabled by the Ministry of Energy (MoE) to develop the 100 MW Siyabalanduwa solar power project through private sector investment. According to ...
/ / Solar, Utility Scale
ADB Approves ₹13.9 Billion Loan to Upgrade Bengaluru's Power Distribution System

ADB Approves ₹13.9 Billion Loan to Upgrade Bengaluru’s Power Distribution System

In a significant development, the Asian Development Bank (ADB) has approved a loan of $190 million (~₹13.9 billion) to upgrade the existing power distribution system in the city of Bengaluru ...
/ / Finance and M&A, Other
ADB Approves $430 Million to Upgrade Uttar Pradesh’s Power Distribution Network

ADB Approves $430 Million to Upgrade Uttar Pradesh’s Power Distribution Network

The Asian Development Bank (ADB) announced that it approved a $430 million multi-tranche financing facility (MFF) to improve the reliability and quality of power supply in Uttar Pradesh. The funding ...
/ / Finance and M&A, Other
ADB Offers Over $10 Million to the Maldives to Swap Diesel-Based Grids with Renewables

ADB Offers Over $10 Million to the Maldives to Swap Diesel-Based Grids with Renewables

The Asian Development Bank (ADB) announced that it approved a concessional loan worth $7.74 million and a project grant worth $2.73 million to advance the existing 'Preparing Outer Islands for ...
/ / Other, Renewable Energy
ADB Extends Nearly $133 Million to Modernize Meghalaya’s Power Distribution System

ADB Extends Nearly $133 Million to Modernize Meghalaya’s Power Distribution System

The Asian Development Bank (ADB) announced that it has approved a $132.8 million loan to modernize the power distribution network in Meghalaya. The loan will be utilized to support a ...
/ / Grid, Market & Policy
Mongolia Floats EPC Tender for a 10 MW Solar Power Project in Altai

Mongolia Floats EPC Tender for a 10 MW Solar Power Project in Altai

Mongolia’s Ministry of Energy has invited bids for a 10 MW solar power project in the country's Altai region. This is an engineering, procurement, and construction (EPC) tender. Mongolia's government ...
/ / Solar, Tenders & Auctions
Daily News Wrap-Up_ Dollar Industries Commissions a 4 MW Solar Project in Tamil Nadu

Daily News Wrap-Up: Dollar Industries Commissions a 4 MW Solar Project in Tamil Nadu

Here are some noteworthy cleantech announcement of the day from around the world: Dollar Industries Limited has commissioned a 4 MW solar project at its manufacturing facility in Tirupur, Tamil ...
/ / Other, Renewable Energy
ADB to Provide ₹4.66 Billion Loan to ENGIE for a 200 MW Solar Project in Gujarat

ADB to Provide ₹4.66 Billion Loan to ENGIE for a 200 MW Solar Project in Gujarat

The Asian Development Bank (ADB) and  ENGIE have signed a long-term loan agreement worth ₹4.66 billion (~ $65.6 million) to develop and operate a 200 MW (AC) solar project in ...
/ / Finance and M&A, Solar
EESL Invites Bids for 2.35 Million Smart Meters to be Installed Across India

EESL Invites Bids for 2.35 Million Smart Meters to be Installed Across India

The Energy Efficiency Services Limited (EESL) has invited bids for the supply of 2.35 million smart electricity meters based on 4G/3G/2G mode to be installed across India. The last date ...
/ / Markets & Policy, Solar
Climate Financing By Seven Multilateral Development Banks Totals $61 Billion in 2019

Climate Financing By Seven Multilateral Development Banks Totals $61 Billion in 2019

In 2019, seven of the world’s largest multilateral development banks (MDBs) provided $61.6 billion (~₹4.6 trillion) in climate financing, out of which $41.5 billion (~₹3.09 trillion) was offered to low-income ...
/ / Finance and M&A, Other
EESL Announces Tender for 250 Electric Cars to be Deployed Pan-India

EESL Announces Tender for 250 Electric Cars to be Deployed Pan-India

The Energy Efficiency Services Limited (EESL) has invited bids for the procurement of 250 electric cars. These electric cars will come with three years of warranty and a comprehensive annual ...
ADB to Invest $17.7 Million in a 35 MW Solar Power Project in Bangladesh

ADB to Invest $17.7 Million in a 35 MW Solar Power Project in Bangladesh

The Asian Development Bank (ADB) has signed a deal with Spectra Solar Park Limited (SSPL) to invest $17.7 million (~₹1.33 billion) in a 35 MW utility-scale solar project in Bangladesh ...
/ / Finance and M&A, Solar
ADB Approves $300 Million for Facilitating 110 MW of Geothermal Power in Indonesia

ADB Approves $300 Million for Facilitating 110 MW of Geothermal Power in Indonesia

The Asian Development Bank (ADB) has approved a loan of $300 million (~₹22.4 billion) to help PT Geo Dipa Energy (GDE), an Indonesian state-owned company, to expand its geothermal base ...
/ / Other, Other Energy
ADB Grants ₹346 Million Loan towards Rural Electrification in Maharashtra

ADB Grants ₹346 Million Loan towards Rural Electrification in Maharashtra

The Asian Development Bank (ADB) announced that it had approved a $346 million (~₹26.92 billion) loan to India to help provide efficient and reliable power to rural agriculture customers in ...
Maldives Set to Develop Solar Battery-Diesel Hybrid Systems

Maldives Set to Develop Solar Battery-Diesel Hybrid Systems

The Asian Development Bank (ADB) and the environment ministry of Maldives have started to implement solar battery-diesel hybrid systems in 48 islands out of the 160 inhabited islands of the ...
/ / Solar, Utility Scale