Asian Development Bank (ADB) has signed a $116 million financing package with ACWA Power to support the development, construction, operation, and transfer of a 300 MW wind power project in the Bukhara region, Uzbekistan. The […]
The Asian Development Bank (ADB) has approved a results-based loan of $460 million. The loan is intended to upgrade rural power infrastructure and promote distributed renewable energy generation. It further aims to boost agricultural productivity […]
Asia’s role in global climate action is critical. Accounting for over half the world’s population, Asia is responsible for 46 per cent of global greenhouse gas emissions and 41 per cent of the total energy […]
The Asian Development Bank (ADB) has planned to allocate up to $10 billion towards the Association of Southeast Asian Nations (ASEAN) Power Grid (APG) initiative to expedite cross-border connections and national grid projects. ADB has […]
Energy Efficiency Services Limited (EESL), a joint venture of NTPC, REC Limited, Power Finance Corporation Limited and Power Grid Corporation of India Limited under the Ministry of Power, has launched a national initiative to deploy […]
The Asian Development Bank (ADB) has inked a memorandum of understanding (MoU) with the Asian Infrastructure Investment Bank (AIIB), and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan. This MoU has been inked to support […]
Shriram Finance Limited has secured a $150 million loan from the Asian Development Bank (ADB) to expand financial access for electric vehicles (EVs) and low-emission commercial vehicles in India. This loan is part of a […]
The Vietnam National Petroleum Group (Petrolimex) and the Asian Development Bank (ADB) have signed a memorandum of understanding (MoU) to advance energy transition in Vietnam. Under the agreement, ADB will support Petrolimex in assessing its […]
The Competition Commission of India (CCI) has approved a major acquisition deals involving International Finance Corporation (IFC), Asian Development Bank (ADB), and Germany’s DEG acquiring a stake in Fourth Partner Energy Private Limited (FPEL). FPEL, […]
The Asian Development Bank (ADB) and Gulf Renewable Energy Company Limited have finalised an $820 million loan to provide construction financing for 12 renewable energy projects in Thailand. The portfolio includes eight ground-mounted solar photovoltaic […]
Tata Power and the Asian Development Bank (ADB) have signed a Memorandum of Understanding (MoU) at the COP29 climate conference in Baku, Azerbaijan, to explore financing renewable energy and infrastructure projects valued at $4.25 billion. […]
The Asian Development Bank (ADB) has sanctioned a $434.25 million loan to support renewable energy development and strengthen energy security in Assam. Reportedly, the Assam solar project will establish a 500 MW grid-connected solar photovoltaic […]
The Asian Development Bank (ADB) has approved a $500 million policy loan to help Indonesia’s energy transition. The Affordable and Sustainable Energy Transition Program will assist various policy measures for the country to meet its […]
To support the development, construction, operations and maintenance of a 400 MW solar PV plant in Gujarat, India, Engie will receive Rs 14.6 billion in the form of a project finance senior debt facility in […]
Fourth Partner Energy (FPEL) has successfully secured funding worth $275 million from International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG. This investment is expected to fund FPEL’s business expansion including 3.5 GW of […]
The Asian Development Bank (ADB) has sanctioned loans worth $240.5 million for financing rooftop solar systems in India. The funding will be allocated to State Bank of India (SBI) and National Bank for Agriculture and […]
In order to strengthen Sikkim’s energy distribution infrastructure and make it more resilient to climate change, the Asian Development Bank (ADB) has authorised a $148.5 million loan. This will additionally improve the system’s quality, resilience, […]
The Asian Development Bank (ADB) and Buskowitz Solar Incorporation, a subsidiary of Buskowitz Energy Incorporation, have finalised a $12 million deal to support solar energy for commercial and industrial consumers in the Philippines. Furthermore, the […]
The Asian Development Bank (ADB) has granted a $200 million loan to enhance the quality, efficiency, and reliability of the power supply in Uttarakhand, India. This project will assist Uttarakhand in realising its objective of […]
At COP28, ReNew Energy Global Plc and Asian Development Bank (ADB) signed MoU to work together on projects focused on mitigating and adapting to climate change. The MoU encompasses projects with a total investment exceeding […]
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