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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…

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…

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…

Developing countries face $4 trillion investment gap in SDGs

Press Releases
Some staggering numbers and storylines came out of the World Investment Report 2023 published by the UN Conference on Trade and Development (UNCTAD) on 5 July 2023 which should put efforts for the clean energy transition in perspective. Developing countries need about $4 trillion annually if they…