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POISED awarded as best project under the renewable and energy efficiency category

Press Releases
The Preparing Outer Islands for Sustainable Energy Development (POISED) Project in the Maldives led by SAEN’s Jaimes Kolantharaj has been hailed as the best renewable energy and energy efficiency at the 8th Greening the Islands (GTI) e-Convention – International Conference and Exhibition. The…

ADB Accelerating Renewable Energy in Mongolia with Advanced Battery Storage System

Press Releases
ULAANBAATAR, MONGOLIA (22 April 2020) — The Asian Development Bank (ADB) has approved a $100 million loan to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system (BESS).“Mongolia is among the most heavily coal dependent developing…

First major private sector solar power loan for Uzbekistan signed

Press Releases
On 23 December, ADB and the Nur Navoi Solar (NNS) signed loans of up to $I7.5 million to build a 100-megawatt (MW) solar power plant that will be the first public–private partnership renewable energy project in Uzbekistan. The project will is crucial in increasing the share of renewables in the…

Hydropower plant in Pakistan approved by the Board

Press Releases
On 30 March, the Board approved a $300 million loan to finance the 300-MW  Balakot Hydropower Development Project in Pakistan. The project will increase the share of clean energy in Pakistan and improve the country’s energy security with the additional 1,143 gigawatt-hours of clean energy that…

Lotus Wind Power Project in Viet Nam Signed

Press Releases
On 27 May, ADB signed a $116 million green loan with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong Huy Wind Power Joint Stock Company (Phong Huy), and Phong Nguyen Wind Power Joint Stock Company (Phong Nguyen) to build and operate three 48-megawatt (MW) wind farms, totaling 144 MW, in…

Nonsovereign solar power project in Viet Nam signed

Press Releases
ADB and Phu Yen TTP Joint Stock Company (Phu Yen JSC) signed a $186 million loan on 9 October to install 257-megawatt solar power plant in Hoa Hoi in Phu Yen Province through the first certified green loan in the country. The project will help the country shift from its dependence on fossil-fuel…

Solar power project in Bangladesh signed

Press Releases
On 10 June ADB signed a landmark loan with Spectra Solar Park Limited for a $17.7 million financing package that will install a 35-megawatt utility-scale solar photovoltaic plant in Bangladesh. The project is one of the first private sector solar plants to be financed by multilateral…

Are mega batteries the next step for renewable energy?

Recommended Reads
EASI’s Atsu Sakai unravels the nuance in realizing the potential of utility-scale battery energy storage systems in this blog. Mega batteries as these are called could change the game in realizing the promise of clean energy if all barriers to its development such as regulation, technology, safety…

Energy flows where attention goes: European expertise in Pakistan

Recommended Reads
In this case study, CWEN shares how they overcame the challenges of designing and preparing the Balakot Hydropower Development Project in Pakistan. The $300 million project that was approved in March 2021 will construct a 300-megawatt hydropower plant.

Four ways ensure a secure transition to renewable energy

Recommended Reads
Energy SG Chief Yongping Zhai, in his latest blog, outlines the critical features to help countries transition smoothly and effectively to clean energy without compromising on reliability of supply, universal access, and sustainability.Judicious, comprehensive, and long-term planning entails…