ADB commissions 500 kW solar project with 2 MWh of storage in Tuvalu
The Asian Development Bank (ADB) has commissioned a 500 kW solar rooftop project in Tuvalu’s capital, Funafuti, along with a 2 MWh battery energy storage system (BESS).
ADB finances 20 MW solar plant in Bangladesh
Muktagacha Solartech Energy Ltd. has agreed to build and operate a 20 MW solar project in Bangladesh, following the signing of a $24.3 million investment package from the Asian Development Bank (ADB).
ADB to provide $160 million to finance 760 MW of solar in Azerbaijan
The Asian Development Bank (ADB) has agreed on a $160 million financing package for two solar projects in southeastern Azerbaijan, totaling 760 MW. Abu Dhabi-based Masdar is co-developing the project with a subsidiary of State Oil Company of Azerbaijan (Socar).
ADB, EDC launch 2 GW solar program in Cambodia
The Asian Development Bank (ADB) and Électricité du Cambodge (EDC) have signed an agreement to develop 2 GW of solar in the Southeast Asian country. EDC will conduct a nationwide study to identify potential solar and storage projects for implementation up to 2030.
Bangladesh’s IDCOL secures €80 million from Germany’s KfW to deploy renewables
Infrastructure Development Co. (IDCOL), a Bangladeshi state infrastructure investor, has secured €80 million ($81.4 million) of loans from Germany’s KfW Development Bank to help companies to install solar plants and solar irrigation pumps.
Summit Power seeking approval for 50 MW of floating solar in Bangladesh
Summit Power said it aims to set up a 50 MW floating solar plant on a body of water at the Barapukuria coal power plant in northwestern Bangladesh.
Maldives to turn to solar for outer islands
The Indian Ocean island nation, which has been a prominent voice in the global calls to combat rising sea levels, will get technical assistance from the Asian Development Bank to draw up a tender for 20-30MW of photovoltaic generation capacity.
Cheaper wholesale solar equipment through $10m group-buying fund in Nigeria
Two investors backed by the charitable foundations set up by energy giants have seed-funded the cash pot to lend to African solar companies, who will be able to buy solar kit cheaper thanks to the economies of scale offered by the aggregation of orders.
AIIB accused of backing Bangladeshi fossil fuels instead of renewables
Despite investing US$605 million in Bangladesh’s energy sector during the last five years, the Asian Infrastructure Investment Bank has reportedly not supported a single renewable energy project, according to experts and environmental activists.
China to add 619 GW of solar this decade
Indonesia will catch the eye too over the next nine years, according to analyst WoodMac, as its market grows from 300 MW to 8.5 GW.
