Displaying 151 - 160 of 162

New minigrid generation system and distribution network in Tonga commissioned

Press Releases
On 26 July, King Tupou VI of Tonga led the ceremony to mark the commissioning of a new minigrid system and distribution network that is among the minigrid systems financed by the Outer Island Renewable Energy Project.
The project is funding the installation of solar-powered systems in ‘Eua, Vava’u…

ACEF 2023: Signed, sealed, delivered

Press Releases
One thousand plus participants from 65 countries around the world, including more than a hundred sixty representatives from ADB developing member countries, private and government entities, international organizations, and non-government organizations came together and put their stake in the energy…

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…

ADB and private sector infrastructure projects recognized

Press Releases
The Asset Triple A Awards has given ADB recognition for this year’s Sustainable Infrastructure Awards hauling a total of 11 awards including Multilateral Agency of the Year award. VP Lavasa led the ADB team in accepting the awards that were given in a ceremony held in Singapore on 21 August.
Other…

ADB Approves ASSURE project in the Maldives

Press Releases
The Accelerating Sustainable System Development Using Renewable Energy (ASSURE) Project was approved by the ADB Board on 12 September 2023. This project builds on previous interventions by ADB, Preparing Outer Islands for Sustainable Energy Development (POISED) and subsequent additional…

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…

ADB approves project to digitalize Uzbekistan’s power network

Press Releases
The Distribution Network Digital Transformation and Resiliency Project was approved by the Board on 20 September 2023. The $200 million loan will help Uzbekistan’s power system reduce losses, enhance reliability of supply, and improve energy efficiency.
The project will upgrade 26 distribution…

Empowering people – the role of local energy communities in clean energy transitions

Press Releases
This commentary emphasizes the importance of putting people at the crux of all clean energy transitions. Not only are they instrumental in changing their ways of and patterns of energy consumption, people also stand to gain from the benefits of an improved energy order.

CEFPF Application Goes Online

Press Releases
Applications to the Clean Energy Financing Partnership Facility (CEFPF) can now be submitted online. The system will serve as the entry point for direct charges, technical assistance, grant, and concessional funding applications to the Artificial Intelligence and Digitalization Innovation Fund,…

Asia’s clean energy investment needs and the role of blended finance

Press Releases
Expanding the scale of blended finance in clean energy will require innovative efforts from the international community to reform traditional development finance approaches.