Vivriti Capital Gets $25 Mn From ADB For Climate Finance Projects Updated On Tue, Oct 1st, 2024 by Saurenergy The Asian Development Bank (ADB) recently shared its plans to invest $25 million in a certified climate bond issue by Vivriti Capital Limited (VCL). This bond is being certified by the Climate Bonds Initiative to enhance access to climate finance for financially underserved enterprises, including micro, small, and medium-sized enterprises (MSMEs), mid-market corporates, and retail […] Read more
JBM, ADB Ink Rs 3.6bn Pact To Bring E-Buses To Haryana, Odisha Updated On Tue, Sep 17th, 2024 by Saurenergy The Asian Development Bank (ADB) and the JBM Group recently signed a Rs 3.6 billion (about $43.2 million) non-convertible debenture loan to expand access to electric buses in Haryana and Odisha. The loan will support the procurement of up to 650 electric buses and fund the cost of operations, maintenance, and deployment of depots and […] Read more
ReNew Signs MoU with Asian Development Bank for US$ 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
