Solar-plus-storage to provide all the daytime electric needs of nation state
A 6 MW solar plant and 5 MW/2.5 MWh storage system are set to increase the share of renewable electricity on the Pacific island of Nauru from 3% to 47%. The $27 million project is being supported by the Asian Development Bank (ADB).
Bangladesh’s first state-owned solar plant comes online
The new generation facility was financed by the Asian Development Bank and built by Chinese company ZTE Corp. The project will sell power to the grid for $0.065/kWh, a record low for solar in the country.
Cambodia tender secures lowest solar power price in Southeast Asia
The Asian Development Bank-backed procurement round attracted 26 bidders for the 60 MW project, according to the development lender. The ADB says the low price secured will persuade neighboring governments to embrace auctions.
Total Eren breaks ground on 128 MW of solar capacity in Kazakhstan
The Kazakh solar market is steadily growing amid investment from regional development banks and independent power producers. Total Eren said the 128 MW of generation capacity is just the first of its projects in central Asia.
ADB provides backing for 100 MW solar project in Cambodia
The development will comprise multiple smaller projects, a first 60 MW batch of which closed its first tender window this month with the results not yet publicized. Cambodia boasts comparatively high electricity prices and has been urged by the UN Development Program to use PV to drive down energy bills.
India’s solar sector will outperform globally despite near-term challenges, says Fitch Solutions
With Narendra Modi being tipped to triumph again in the current Indian elections, Indian solar capacity is expected to grow robustly, at 15.3% per year, on the back of continued strong government support.
Developer Avaada raises $145m to fund 2.4 GW of Asian and African solar
Indian developer Avaada Energy has raised the funds from the Asian Development Bank and European development institutions. The PV business will finance 2.4 GW of the 5 GW of solar capacity it hopes to secure over the next two years.
New billing method and PV+storage for allday energy supply on Philippine island
No more than four hours per day, did the 160 households enjoy energy supply. This has had negative impacts on the economic development of the islands. With support from the ADB, the island inhabitants now have 24h supply of clean energy, and new billing methods that suit the economic realities of poorer households.
ADB, LEAP to back 15 MW in Mongolia with $18.7m loan
The Asian Development Bank (ADB) and Leading Asia’s Private Infrastructure Fund (LEAP) have agreed to provide an $18.7 million loan to support the development of a 15 MW solar project in Mongolia.
Cambodia’s utility tenders first, 60 MW, section of National Solar Park
Electricité du Cambodge has launched an international tender to procure a solar project in Kampong Chhnang province, on a build-own-operate basis. The project is the initial phase of the 100 MW National Solar Park, which is being supported by the Asian Development Bank.
