TAG: "Asian Development Bank"

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Serentica Renewables Secures USD 345 Million ADB-Led Financing for Karnataka Solar-Wind Hybrid Project

Serentica Renewables’ Solar Hybrid project will supply reliable renewable energy to BALCO, generate over 1,073 GWh annually and help avoid more than 880,000 tonnes of CO₂ emissions each year.

Asian Development Bank | July 09, 2026 | By News Bureau | 573

ADB Approves USD 160 Million Loan for 310 MW Solar Projects in Bhutan

The Asian Development Bank has approved a USD 160 million loan to support the deployment of at least 310 MW of new solar capacity across three projects in Bhutan.

Asian Development Bank | July 08, 2026 | By Mrinmoy Dey | 449

Vikran Engineering Bags INR 530.8 Crore Distribution Infra Contracts from MSEDCL

Vikran Engineering has secured LoAs worth INR 530.80 crore from Maharashtra State Electricity Distribution Company (MSEDCL) for distribution infrastructure works in Nashik and Kolhapur zones under an ADB-funded Power Distribution Enhancement Program.

Asian Development Bank | April 04, 2026 | By Mrinmoy Dey | 913

ADB Sanctions USD 650 Million Loan to Accelerate Rooftop Solar Adoption in India

The Asian Development Bank has approved a USD 650 million loan to help India speed up rooftop solar adoption under PM Surya Ghar Yojana and bring clean, low-cost electricity to 10 million homes by 2027.

Asian Development Bank | December 03, 2025 | By Mrinmoy Dey | 935

ReNew Secures USD 331 Mn Funding from ADB for 837 MWp Wind Solar Project with 415 MWh BESS

ReNew Energy Global has secured USD 331 million in financing from the Asian Development Bank to develop a round-the-clock peak renewable energy project with 837 MWp of wind and solar capacity integrated with a 415 MWh battery storage system in Andhra Pradesh.

Asian Development Bank | November 10, 2025 | By Mrinmoy Dey | 1361

ADB Sanctions USD 460 Million Loan to Support Agricultural Solarisation in Maharashtra

ADB has approved a USD 460 million loan, plus USD 40 million from the Clean Technology Fund, to solarise agriculture in Maharashtra by upgrading 180 substations, installing 4,500 transformers, adding 4,200 ckm of power lines, deploying 500 MWh of battery storage, and supporting 1,000 MW of decentralised solar power generation.

Asian Development Bank | October 30, 2025 | By Mrinmoy Dey | 1433

GCF Approves USD 200 Million for ADB-Led Green Finance Program to Boost Clean Energy Investment in India

The Green Climate Fund (GCF) has approved USD 200 million for a new Asian Development Bank (ADB)-led program which aims to unlock large-scale public and private investment in high-impact and emerging clean energy sectors in India.

Asian Development Bank | July 04, 2025 | By News Bureau | 2003

ADB Commits USD 10 Billion for ASEAN Power Grid to Expedite Cross-border Connections

Asian Development Bank (ADB) President Masato Kanda announced a USD 10 billion commitment to accelerate the ASEAN Power Grid, emphasising the initiative’s role in enhancing regional energy security, connectivity, and economic resilience.

Asian Development Bank | May 14, 2025 | By Mrinmoy Dey | 1441

ADB Inks MoU with AIIB, Azerbaijan, Kazakhstan, and Uzbekistan for Caspian Green Energy Corridor

The Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan have signed an MoU to support a feasibility study for the Caspian Green Energy Corridor, advancing regional clean energy cooperation under the CAREC program.

Asian Development Bank | April 14, 2025 | By Mrinmoy Dey | 1484

ADB and Shriram Finance to Accelerate MSME and EV Financing in India

ADB’s loan also supports the government’s initiatives to reduce air pollution through the adoption of EVs and low-emission (Bharat Stage-VI compliant) vehicles.

Asian Development Bank | March 26, 2025 | By Aishwarya | 2249