ADB annual meeting to focus on green recovery
The Asian Development Bank’s (ADB) 54th annual meeting scheduled for May will focus on pursuing a sustainable and environmentally friendly recovery from COVID-19 in the region. The conference will be hosted virtually from May 3 to 5 and feature government, industry and academic leaders for three days of workshops centred on green recovery, according to […]
ADB approves $600 mln loan for Indonesia’s PLN for renewable power
JAKARTA, Nov 24 (Reuters) – The Asian Development Bank (ADB) on Tuesday approved a $600 million loan for Indonesian state utility Perusahaan Listrikk Negara (PLN) to expand electricity access and promote renewable energy.
ADB boosts Cambodia’s energy with $7.6mln for solar park
A $7.64 million loan from the Asian Development Bank (ADB) will see an additional 100-megawatt (MW) of solar power added to the Cambodia National Solar Park Project (CNSPP), pushing investment to more than $18 million. In 2018 Cambodia’s total electricity capacity — generated and purchased — totalled 2,650-MW, a YoY increase of 15.29 per cent. […]
ADB funds first large-scale floating solar project in Vietnam
NDO – The Asia Development Bank (ADB) will provideDa Nhim – Ham Thuan – Da Mi Hydro Power JSC (DHD) a loan of US$37 million to install a 47.5MW peak floating photovoltaic (PV) solar power facility on the reservoir of DHD’s existing 175 MW Da Mi hydropower plant, following a signing ceremony in Hanoi on […]
ADB invests $155 million in Thai green bonds
The Asian Development Bank (ADB) plans to invest 5 billion Thai baht (US$155 million) in Thailand-based B.Grimm Power Public Company Ltd via five- and seven-year green bonds. Reportedly, the bonds are the first certified climate bonds issued in the country. According to the bank, the proceeds have been earmarked for nine operational solar PV plants […]
ADB loan to fund Thailand renewable energy projects, EV charging stations
The Asian Development Bank (ADB) has signed a 1.5 billion Thai baht (US$47.62 million) green loan to finance renewable energy projects and a nationwide electric vehicle charging network in Thailand. The loan, signed on February 11, is being extended to Energy Absolute Public Company Limited.
ADB loans $7.6M for Solar Power Construction
The Asian Development Bank (ADB) on May 24 approved a $7.64 million loan to support the construction of a 100-megawatt (MW) solar power park in Cambodia to help in a contribute to the development of renewable energy and diversify the power supply that can improve the country’s competitiveness. ADB Principal Climate Change Specialist Mr. Pradeep Tharakan […]
ADB offers certified green loan for 257MW solar plant in Vietnam
The Asian Development Bank will provide a certified green loan of $186m to Phu Yen TTP Joint Stock Co (Phu Yen JSC). The money will fund development and operation of a 257MW solar power plant in Hoa Hoi, Phu Yen Province, Vietnam.
ADB offers solutions for green finance in Vietnam
Considering the major barriers to financing renewable energy (RE) projects in Vietnam, researchers at the Asian Development Bank (ADB) have recommended the Government establish more conducive conditions for private investment and strengthen the domestic funding environment through a functional financial market. Vietnam is a potentially rich country with abundant sources of RE, such as wind […]
ADB okays $16M loan for solar farm
Japanese-led Asian Development Bank (ADB) has approved a $16.4 million loan for a new 60MW alternating-current solar farm in Kampong Chhnang province’s southwestern district of Teuk Phos.