asian development bank

The Bhutanese government has started construction on the country’s first utility-scale solar farm, the 17.38MW Sephu solar project.

The Global Energy Alliance for People and Planet (GEAPP) has announced a plan to establish the GEAPP Energy Access and Transition Trust Fund, offering US$35 million to accelerate the clean energy transition and access in five Asian countries. 

The ADB has signed a transaction advisory service mandate with utility Électricité du Cambodge to support the development of 2GW of solar power in Cambodia.

The Asian Development Bank (ADB) has approved a US$18.26 million financing package for the construction of Bhutan’s first utility-scale solar PV plant.

UAE-owned renewable energy company Masdar has achieved financial close on its first Azerbaijan solar project with a capacity of 230MW.

Abu Dhabi-based Masdar has won a tender to build a 457MW solar plant in Uzbekistan, taking the developer’s awarded PV capacity through the country’s tenders to almost 1GW.

Swiss infrastructure fund manager SUSI Partners has raised US$81 million to tap into the fast-growing renewables sector in Southeast Asia.

COVID-19 has ‘exposed the vulnerability’ of value chains, says development bank as it advises other countries to develop domestic PV sector through standalone or collective action.

Masdar, EDP, Engie, Ib Vogt, JinkoSolar, Lightsource BP and Scatec Solar among dozens of firms submitting EOI for Sherabad project, the first of ADB-backed 1GW series.

Project destined to provide power to National Electric Networks of Uzbekistan is first in a 1GW solar programme being developed by the government and the Asian Development Bank.