ADB to Lend $100 Million for a 125 MW Battery Energy Storage System in Mongolia
The Asian Development Bank (ADB) has approved a $100 million loan to help expand its supply of renewable energy in Mongolia through a 125 MW advanced battery energy storage system ...
EESL Announces Tender for 1.9 Million LED Streetlights
The Energy Efficiency Services Ltd (EESL), a government entity under the administrative control of the Ministry of Power (MoP), has floated a tender for the design, manufacture, testing, and supply ...
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 ...
ADB Approves $500 Million Loan For Turkmenistan’s Power Transmission Infrastructure
The Asian Development Bank (ADB) will lend $500 million to Turkmenistan, a central Asian country, to reinforce the country’s power transmission network, improve the reliability of its power supply, and ...
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, ...
Punjab National Bank Receives $100 Million Loan from ADB to Finance Solar Rooftop Projects in India
The Asian Development Bank (ADB) has approved a $100 million (~₹6.46 billion) loan to the Punjab National Bank (PNB) that will finance large solar rooftop systems on industrial and commercial ...
Month in a Minute: February 2017
Important Headlines and Data Points from the Indian Renewable Sector in February 2017 The 2017-18 budget proved to be a dampener for the Indian renewable energy sector. Manufacturing sector did ...
Indian State Transmission Utilities and Power Grid Corporation of India to Receive €1 Billion Soft Loan from Germany
The German government-owned development bank, KfW, is providing €1 billion (~$1.05 billion) soft loan to India to develop inter and intra-state transmission infrastructure under the green energy corridor program. The ...
