Malaysia’s intent to progress its renewable energy sector was made clear in a number of announcements this week, including plans to install solar along a major highway, introducing both the first solar insurance scheme and monitoring system, as well as inking support agreements with powerful foreign organisations.
The Asian Development Bank (ADB) has approved a US$40 million loan to support a 41MW hybrid distributed renewable energy system combining wind, solar, battery storage and a thermal heat pump in Mongolia.
The Asian Development Bank (ADB) is providing a US$20 million loan and a US$25.44 million grant to support off-grid solar PV pumping for agricultural irrigation in Bangladesh, to replace expensive diesel-based systems.
The Asian Development Bank (ADB) is providing a roughly US$40 million project financing package for Vena Energy, formerly Equis Energy, to build four solar plants in eastern Indonesia, which are said to be the Southeast Asian country’s first utility-scale PV plants.
The Asian Development Bank (ADB) will provide a US$260 million loan to the Government of Pakistan to improve the country’s power transmission network and help offtake of power from new and renewable energy power projects.
Gostaresh completes 10MW PV project in Sistan and Baluchestan, Zambia readies 100MW solar tender under GET FiT programme, ADB launches government rooftop PV projects in Micronesia, Seraphim module supply agreement in Mexico with Solar Center.
Global investment management organisation Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3% stake in Indian renewables developer ReNew Power Ventures from the Asian Development Bank (ADB) for US$144 million.
Cambodia’s national utility and the Asian Development Bank (ADB) hope to tender out the first stage of their 100MW solar park programme in June 2018, according to a prominent ADB figure, who was speaking at the Solar and Off-Grid Renewables Southeast Asia (SORSEA) conference in Bangkok.