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 ...
ADB to Finance Solar Projects Worth $40 Million in Indonesia

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

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 Power Acquires Ostro Energy

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 ...
Saudi Arabia’s Zahid Group Acquires 50 Percent Stake in Greencells Group

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 ...
/ / Finance and M&A, Solar
CPPIB Invests $144 Million Acquires 6.3 Percent% Stake in ReNew Power for a 6.3 Percent Stake $144 Million

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 ...
/ / Finance and M&A, Solar
Development Banks Loaned to Indian Solar Rooftops in 2017

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 ...
/ / Rooftop, Solar
ADB to Provide $44.76 Million Grant to Develop 20 MW of Grid-Connected Solar in Afghanistan

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 ...
/ / Finance and M&A, Other
EESL GEF

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 ...
/ / Energy Efficiency, Other
ADB Approves Loan for Wind Project in Sri Lanka

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 ...
/ / Other, Wind
CEA Charts Transmission Infrastructure Plan for 4,950 MW of Wind Projects

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 ...
/ / Grid, Utilities
Rooftop Solar in Sri Lanka

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 ...
/ / Rooftop, Solar
Solar Projects in India

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 ...
/ / Rooftop, Solar
Indonesia ADB Loan Energy Sector

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 ...
/ / Grid, Utilities
SriLanka Renewable Energy

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 ...
/ / Other, Renewable Energy