Asia Solar Energy Initiative: Affordable Solar Power for Asia and the Pacific
Home to the most populous and dynamic economies in the world, Asia and the Pacific is critical to stabilizing the global climate while sustaining economic growth. The Asia Solar Energy Initiative of the Asian Development Bank helps enable solar-generated electricity to compete with the retail rate from mainstream networks currently dominated by fossil fuel sources. Consequently, developing countries benefit economically from local solar manufacturing and associated industries while strengthening their energy security. Progressively, the region will gain not only from large-scale solar energy grid applications but also from decentralized solar power generation for remote and rural communities across the region.