Displaying 151 - 160 of 162

First Cross-Border Wind Project in Asia signed between ADB and Monsoon Wind Power Company Limited

Press Releases
On 1 March, ADB and Monsoon Wind Power Company Limited signed a $692.55 million nonrecourse project financing package to install a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern part of the Lao People’s Democratic Republic (Lao PDR).
The project is the first cross-…

SEADS 2023 focuses on bringing the region toward net-zero

Press Releases
On 30 March, the Southeast Asia Development Solutions (SEADS) will be held in Bali, Indonesia with the theme: Imagining a Net-Zero ASEAN. There is also an option to join the symposium virtually. On the agenda is the region’s decarbonization and how this will be realized with 8 of the 10 ASEAN…

Hybrid minigrid in Tonga commissioned

Press Releases
ADB joined the governments of Tonga and Australia on 14 March to inaugurate the Vava’u hybrid mini-grid under the Tonga Renewable Energy Project that will supply clean, reliable, and efficient electricity to the population and businesses in Vava’u.
The mini-grid consists of a solar photovoltaic…

Biomass project in India signed

Press Releases
On 23 March, the Biomass Energy Project was signed between ADB and SAEL Industries Limited for the construction of five 149-megawatt biomass power plants in the districts of Bikaner, Churu, Hanumangarh, Jhunjhunu, and Sikar in the state of Rajasthan, India. The plants will use agricultural residue…

$35 trillion is needed for a successful energy transition

Press Releases
 
According to the preview of the IRENA World Energy Transitions Outlook, the energy transition if off-course. Current plans and pledges fall below IRENA’s 1.5°C pathway and will result in an emissions gap of 16 gigatonnes in 2050. While global investments in energy transition…

Delhi Power Distribution Project Signed

Press Releases
On 10 April, ADB and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power Co Ltd (Tata Power), signed an agreement to subscribe to non-convertible debentures for 1.5 billion Indian Rupees (equivalent to $18.2 million) to enhance Delhi’s power distribution through grid…

Clean Energy Investment to increase to $1.7 trillion in 2023 – IEA

Press Releases
The International Energy Agency has projected for global energy investments to reach about $2.8 trillion in 2023, more than 60% of which or $1.7 trillion, will be spent on renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps. The…

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…

ACEF Registration is now open

Press Releases
ACEF is less than a month away. Preparations are heating up. The program and agenda slowly coming into form. If you haven’t yet, make sure to register.

Nonsovereign Commercial and Industrial Rooftop project signed

Press Releases
On 11 September, ADB and GreenYellow Smart Solutions Vietnam Co., Ltd. signed a $13.8 million loan agreement to install rooftop solar photovoltaic (PV) systems on the rooftops of commercial and industrial businesses in Viet Nam. ADB is the mandated lead arranger of the financing package that…