JICA

With the finances of national utility the Bangladesh Power Development Board in disarray thanks to rising capacity payments for often-inactive conventional power plants, renewables offer the hope of fiscal sustainability, according to the Institute for Energy Economics and Financial Analysis.

Firming up the payment system for solar energy exported back into the grid from PV-powered pumps will offer owners a new revenue stream, eat into a $1 billion annual diesel fuel bill and reduce strain on the grid by up to 1.5 GW daily during the agricultural season.

Da Mi has $37 million for a floating solar project it wants to build at its hydropower plant in Binh Thuan province. If built before 2022, the project will be entitled to a feed-in tariff of $0.0769/kWh – provided a draft FIT scheme being considered by the government is passed into law.

The Asian Development Bank (ADB) has revealed plans to invest $50 million to help New Delhi-based renewables developer Avaada to quickly deploy solar throughout India.

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.

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.

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.