News

Project

Staff Reporter

, APAC

Published:

5 months ago

Photo by Pixabay on Pexels

ADB pledges $50m fund to support APAC energy transition

The fund will be allotted to renewable energy and other clean energy technologies.

The Asian Development Bank (ADB) committed $50m to Actis Asia Climate Transition Fund to help accelerate the clean energy transition in Asia Pacific.

In a statement, the ADB said the fund will be used for renewable energy, energy solutions and sustainable transportation firms, with an investment size ranging from $50m to $200m per company, contributing to the reduction of emissions.

ADB’s investment in the fund will help address these vulnerabilities by advancing efforts to build climate-resilient infrastructure and adopt climate-smart technologies in Asia and the Pacific,” ADB Director General for Private Sector Operations Suzanne Gaboury.

The ADB added that the investment will also adopt a gender lens investing approach to improve gender-inclusive practices amongst investee firms.

Follow the link for more news on

Asian Development Bank

Also Read

Cubico achieves financial close for Wambo wind project

Ialy Hydropower Expansion Unit 2 goes online

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

India emerging as renewable energy powerhouse

The country added 2.3 GW of new renewables in November 2024 alone.

21 hours ago

Cubico achieves financial close for Wambo wind project

This will power over 200,000 homes.

Lending & Credit

21 hours ago

Ialy Hydropower Expansion Unit 2 goes online

It was 18 days ahead of schedule.

Project

22 hours ago

Lightsource bp taps Hithium for Woolooga BESS project

This will be Australia’s first project that will use 5MWh energy storage containers.

Project

22 hours ago

Exclusives

Trump 2.0 could thump India's solar ambition

Its solar companies may need to set up manufacturing plants in the US to bypass tariffs.

20 hours ago

Oracle Power in talks for $1.4b financing of hybrid RE plant in Pakistan

The 1.3 GW wind and solar plant may start supplying power to 1.2 million houses by 2028.

Project

6 days ago

Clean power must meet Asian demand amidst fading coal investment

Weaning the region off coal is a challenge, with rising electricity requirements.

Lending & Credit

Indonesia told to tap communities in clean energy transition

Solar and wind power managed by villages could generate 96 million jobs over 25 years.

Event News

Co-Written / Partner PETRONAS' digital solution awarded Data Initiative of the Year at Asian Oil & Gas Awards 2024

The global energy company received the accolade for spearheading the next evolution of asset integrity management through OPTIMUS Smart Data Optimization Solution.