1. Promoting the availability and use of clean energy is one of the highest priorities of the Asian Development Bank (ADB). In 2010, ADB funded nearly $1.76 billion worth of projects with clean energy components, exceeding its $1 billion target for the third year in a row. From 2013, this target will increase to $2 billion a year. The Asia and Pacific region, where demand for energy is projected to almost double by 2030, could start using clean power from sustainable solar energy and other renewable sources within the next 3 years.
2. In May 2010, ADB announced its Asia Solar Energy Initiative. From 2010 to 2012 it will finance 3,000 megawatts (MW) of solar power generation projects to (i) keep the region abreast of technological developments in solar energy, (ii) identify and develop large capacity solar projects, and (iii) design incentives and innovative financing for the rapid diffusion of solar technology for both grid connected and distributed stand-alone power generation.
Latest Project Documents
|Development of the International Center for Application of Solar Energy Technologies||Apr 2011|
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