Climate Finance Still A Challenge For Developing Countries Amid RE Push Updated On Thu, May 2nd, 2024 by Saurenergy Amid fears of worsening impacts of climate change and the push towards renewable energy, financing for the transition to greener energy sources remains the pivotal issue. A report by the World Bank that focused on developing countries emphasised that energy transition there will require ‘unprecedented transformation of the power sector infrastructure’. Along with that, it […] Read more
ADB Issues its Largest Local Currency Green Bond in Indian Rupees Updated On Wed, Jan 31st, 2024 by Saurenergy The Asian Development Bank (ADB) has raised 12.5 billion Indian rupees (about $150 million) through its largest local currency green bond issue to date. The issue is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% per year, ADB said in a media release […] Read more
SAEL Secures $1 Billion For Solar, Other Renewables Updated On Wed, Jan 24th, 2024 by Saurenergy SAEL Industries, an Indian renewable energy firm, has successfully secured $1 billion in funding from various financial institutions, including Norfund, DFC, Asian Development Bank (ADB), and Tata Cleantech. The funds will be utilized to support SAEL’s renewable energy portfolio, with a focus on expanding its solar and biomass projects. The company, which specializes in solar […] Read more
ReNew Signs MoU with Asian Development Bank for US$ 5.3 billion Funding Updated On Tue, Dec 5th, 2023 by Saurenergy ReNew Energy Global Plc (“ReNew”), on Sunday, signed a Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) to collaborate on climate change mitigation and adaptation projects. The MoU covers projects with investment value of more than US$ 5.3 billion between 2023 and 2028. The MoU was signed at COP28, Dubai by ReNew’s Founder, […] Read more
ACWA Power Gets $174 Million Loan From ADB For Uzbekistan Wind Projects Updated On Tue, Apr 25th, 2023 by Saurenergy Saudi Arabia’s ace renewable energy developer ACWA Power has received $174 million worth of loans from the Asian Development Bank (ADB) to develop the Bash wind power and Dzhankeldy wind power plants – both located in the Bukhara region in Uzbekistan. As per ABD, the ACWA Power financing comprises loans amounting to $40.5 million for […] Read more
ADB, Tata Power Delhi Distribution Collaborate for Grid & BESS Enhancement in Delhi Updated On Mon, Apr 10th, 2023 by Saurenergy The Asian Development Bank (ADB) and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power, have announced that they have signed an agreement to subscribe to non-convertible debentures for Rs 1.5 billion ($18.2 million) to enhance Delhi’s power distribution through grid enhancements. The agreement also involves a $2 million grant to partially […] Read more
ADB Arranges $107 Million for BIM Group to Support Wind Project in Vietnam Updated On Wed, Dec 21st, 2022 by Saurenergy The Asian Development Bank (ADB) has signed a financial package of $107 million with BIM Wind Power Joint Stock Company (JSC) to support the operation of an 88 MW wind energy farm located in Ninh Thuan province of Vietnam. The wind project lies to the south-central coast of the South East Asian country. BIM Wind […] Read more
ADB Signs Mandate with EDC for 2 GW Solar, Battery Storage in Cambodia Updated On Thu, Nov 3rd, 2022 by Saurenergy The renewable energy penetration looks bullish in the South East Asia. The new evidence comes from the fact that the Asian Development Bank (ADB) has signed a transaction advisory services mandate with Cambodia’s national utility company Électricité du Cambodge (EDC) to support the development of 2 GW of solar power in Cambodia. According to statement […] Read more
ADB-Backed Bhutanese Solar Project Seeks Bidders For Solar PV Plant Updated On Fri, Aug 26th, 2022 by Saurenergy Through its Department of Renewable Energy, Bhutan’s Ministry of Economic Affairs has issued a request for proposals (RFP) for a 17.38 MW solar power plant that will be financed by an Asian Development Bank (ADB) loan and is open to bidders from all eligible source countries of the bank. The Sephu Solar PV Power Plant […] Read more
