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ADB Ventures puts stake in energy efficiency investments in India

Press Releases
On 17 March ADB Ventures announced its first investments: in an electric vehicle company and an energy efficiency-as-a-service company for large hospitals, and commercial buildings both based in India.Euler Motors Pvt. Ltd., based in India, is an electric vehicle manufacturer and fleet operator…

Off-Balance Sheet Equity: the engine for energy efficiency capital mobilization

Working Papers
Energy efficiency remains a tricky matter to harness, notwithstanding its vast potential. This ADBI Working Paper examines off-balance sheet equity as one of the options that could be tapped to effectively mobilize energy efficiency financing.

ADB Ventures raising funds for new debt fund

Press Releases
Building on the momentum and success from the first inaugural equity fund, ADB Ventures is setting up a second investment fund to address ongoing market financing gaps to support early-stage and growth companies in scaling up their operations. According to the ADB Ventures newsletter…

Which financing sources matter for private investment in renewable energy in Asia?

Recommended Reads
ADBI’s Dina Azhgaliyeva, John Beirne, and Ranjeeta Mishra share their views on how best to fill the financing gap in renewable energy investments in the region in this blog. They assessed which among the different types of financing: asset finance, corporate research and development (R&D),…

Solar power from the rooftops in Sri Lanka

Articles
See how ADB is supporting Sri Lanka’s bid to increase the use of solar power and other renewable energy sources in providing electricity to the whole country and meet its commitment to the Paris Agreement on climate change. The government’s Battle for Solar Energy program envisions 1000 megawatts…

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…

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…

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…

Game-changer: Can solar energy be generated in old gas power plants?

Recommended Reads
Turkmenistan is working on an innovative program introduce solar power generated steam in a gas fired power station and allow the turbine to use both solar and gas-powered steam based on availability to generate electricity.As signatories to the Paris Agreement, Central Asia’s fossil fuel rich…