The Asian Development Bank has added Kazakhstan to the list of nations where it is issuing bonds denominated in local currencies as an alternative for investors to having to use international lenders.
Raach Solar and its Power Utility Bangladesh Ltd local partner have landed two contracts to supply more than 700 pumps in the north-western Bogra district, with the Asian Development Bank footing the bill.
The government in Dhaka hopes plans for the Spectra Solar Project, and the international backing for it, will help showcase the attractiveness of solar investment in the country for private sector money.
The government of the Federated States of Micronesia wants to increase power generation capacity on the islands of Yap and Kosrae.
The country’s previous solar target was 4 GW by 2031. Around 1.4 GW of large scale projects are expected to be tendered this year, according to a document published by the Ministry of Energy.
The Asian Development Bank says developing countries in Asia and the Pacific should consider developing their own solar industry supply chains as the Covid-19 pandemic has exposed their over-reliance on China to carry through the energy transition.
As the sector continues to grow rapidly, delays in manufacturing scale-ups, difficulties sourcing raw materials and a separate path taken by the electric vehicle sector could all chuck ‘sand in the gears’, according to analyst Wood Mackenzie.
The government is planning to introduce a procurement regime this year which the Institute for Energy Economics and Financial Analysis says could drive the price of clean electricity as low as PHP3/kWh. It is thought projects which missed the feed-in tariff scheme deadline will be eligible to compete in the auctions.
The 5 MW Uliastai solar-plus-storage project will be located in the city of the same name in the western part of the country, around 1,100km from Ulaanbaatar. The facility is part of a plan to deploy 40 MW of solar and wind generation linked to energy storage in the nation’s western and Altai-Uliastai regions.
Following its decision to switch from fixed feed-in tariffs to reverse auction bidding for the setting of solar incentives, the Vietnamese government has decided to devote the first two pilot auctions to floating PV. A first procurement exercise, for a project which could reach 100 MW of generation capacity, will be held this year.
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