Displaying 1 - 6 of 6

New Trust Fund under CEFPF to Accelerate Artificial Intelligence and Digitalization Technologies for Clean Energy

Press Releases
The ADB and the Government of the United Kingdom, acting through the Department of Business, Energy and Industrial Strategy, signed an agreement to establish the Artificial Intelligence and Digitalization Innovation Fund (AIDIF) under the CEFPF with an initial contribution of £10 million…

ADB Ventures – ADB’s new impact-technology platform

Press Releases
In early 2020, ADB launched its first venture investment platform, ADB Ventures. It’s a venture capital investor with a difference. Like all VC investors, ADB Ventures will pursue commercial returns, but it will target investments in companies and technologies that deliver development impact…

Myanmar Off-Grid Renewable Energy Demonstration Project

Projects
ADB initiated this technical assistance (TA) to scale-up off-grid solutions and to strengthen the government’s capacity to design and implement energy access projects. The TA aims to provide clean energy to 0.4 million households and public facilities by 2022 through the installation of 10 MW small…

MOU signed for first coal power plant to be retired in Indonesia under ETM

Press Releases
On 14 November 2022, ADB joined strategic partners in the signing of a memorandum of agreement (MOU) under the Energy Transition Mechanism (ETM) exploring the early decommissioning of the first coal-fired plant owned by Cirebon Electric Power (CEP), an independent power producer in…

Energy Access and Transition Trust Fund Approved

Press Releases
The Global Energy Alliance for People and Planet (GEAPP) Energy Access and Transition Trust Fund has been approved under the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP) Financing Partnership Facility. 
 
The Trust Fund will finance innovative distributed…

IEA projects RE new capacity to grow by 30% in 2023

Press Releases
Propelled by the global energy crisis and concerns over energy security, economies around the world look to deploy renewable energy at an unprecedented rate led by solar photovoltaics and onshore wind. The International Energy Agency in its Renewable Energy Market Update, has even called this rise…