Sunseap signs 25-year PPA for 5 MW in Singapore
Singapore’s Sunseap Group has agreed to sell PV-generated electricity to ST Kinetics over a 25-year period across five locations in the Southeast Asian city-state.
Bali’s PV potential shines in ADB mapping study
The island of Bali could produce as much as 115,371.9 GWh of electricity per year — far above its projected requirement of just 4,992.7 GWh per year by 2019 — and solar offers the greatest potential for future development, according to a new report by the Asian Development Bank (ADB).
ADB backs Thailand’s major IPP going green
As emerging economies in the ASEAN region search for new ways to access power amid growing demand, the Asian Development Bank (ADB) is looking to encourage development of renewable energy projects. This time, it has spent more than $50 million on shares of Thailand’s B. Grimm Power Public Company, which is looking to diversify its energy generation portfolio.
ADB supports introduction of Cambodia’s 100 MW National Solar Park Program
The Asian Development Bank to give technical, logistical and financial backing to the project, which is being set up by Electricite Du Cambodge. Program will be split across two phases.
ADB rolls out $200m renewables package for 11 Pacific islands
Pacific Renewable Energy Investment Facility created by the Asian Development Bank to finance series of clean energy projects in 11 smallest island nations of the Pacific.
Indian rooftop solar sector receives $100m ADB loan
Nationwide financing program to be guaranteed by the Indian government and delivered using funds from the Asian Development Bank and Punjab National Bank. First tranche represents one-fifth of $500m loan finance program.
ADB raises $46 million for Indian PV, wind with green bonds
The Asian Development Bank has raised INR 3 billion ($46.19 million) through the issuance of rupee-linked green bonds to back the development of 709 MW of solar and wind capacity in six states in India.
Sunseap nails $15 million loan from UOB
United Overseas Bank (UOB) has offered the financing package to support a handful of PV installations that Sunseap is building in Singapore.
Asian Development Bank climate funding rose 42% in 2016 to $3.7bn
Investments steered by the ADB into climate financing reached record levels last year, with more than $2.65 billion alone going towards tackling climate mitigation, report shows.
Japanese venture snaps up 10% of ReNew Power for $200 million
Jera — jointly owned by Japanese utilities Tokyo Electric Power (Tepco) and Chubu Electric Power — will acquire an equity stake in the Indian independent power producer via a subscription to newly issued shares.
