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
ACEN Completes World’s First ETM Transaction, Retiring Out Coal Plant Updated On Wed, Nov 9th, 2022 by Saurenergy ACEN, the energy platform of the Ayala Group, has disclosed the full divestment of the South Luzon Thermal Energy Corporation (SLTEC) coal plant using the energy transition mechanism (ETM), the first ETM deal in the world. The official statement by ACEN informs that the landmark transaction will enable the early retirement of the 246-MW coal […] 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
Asian Development Bank to Fund Bhutan’s First Utility-Scale Solar Project Updated On Mon, Oct 31st, 2022 by Saurenergy Bhutan may well be moving beyond hydropower as far as renewable energy development in the Himalayan country is concerned. In a key development, the Asian Development Bank (ADB) has approved a $18.26 million financing for the construction of the first utility-scale solar photovoltaic power plant in Bhutan. The official statement by ADB held that the […] 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
European Bank To Invest $21.4M In Azerbaijan’s Solar Plant Updated On Wed, Aug 3rd, 2022 by Saurenergy The European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the Japan International Cooperation Agency (JICA), and the Abu Dhabi Fund for Development (ADFD) have all approved a finance package of $114.2 million (USD) to help Azerbaijan diversify its energy mix. The funds will facilitate a 230 MW photovoltaic (PV) solar power […] Read more
Bhutan Mulling 300 MW Solar Power Addition Updated On Fri, Jun 17th, 2022 by Saurenergy The Himalayan country of Bhutan is looking bullish for solar power as it plans to diversify its energy mix. Reports cited the Economic Affairs Minister of Bhutan, Lokhnath Sharma saying that Bhutan will add 300 MW of solar power in the coming years. Bhutan currently has a mere 9 MW of renewable energy other than […] Read more
80 MW Al Jomaih solar project in Gujarat bags ₹4 B loan from ADB Updated On Fri, Apr 29th, 2022 by Saurenergy The 80 MW AJ Solar Power Project, situated in Gujarat, has been granted a Rs 4,063 million loan by the Asian Development Bank (ADB) for environmentally sustainable growth and inclusive economic progress. The project is being sponsored by Al Jomaih Energy and Water Company, which emerged as a winner in the 500 MW solar auction […] Read more
India replaces China in Agreement with Sri Lanka to Build 3 RE Farms Updated On Wed, Mar 30th, 2022 by Saurenergy India has signed a Memorandum of Understanding with Sri Lanka to build hybrid power projects in the island country, a joint statement has revealed. The development has come after the Sri Lankan government ousted the Chinese company approved last year from these very projects recently. The projects envisage the construction of three wind turbine farms […] Read more
