ADB to invest $155 million in B.Grimm Power

The Asian Development Bank (ADB) will invest $155 million in B.Grimm Power, a Thai electric power generation company, through five-year and seven-year green bonds. These green bonds will be the first certified climate bonds to be issued in Thailand. The funds raised from the bonds will be used to finance renewable energy projects in Thailand. According to media sources, nine operational solar power projects with a total capacity of 67.7 MW and seven under-construction solar projects with a total capacity of 30.8 MW have been shortlisted.

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