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
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.