A consortium of development finance institutions led by the Asian Development Bank (ADB) and IPP Gulf Energy have signed a US$820 million loan agreement for a solar and storage portfolio in Thailand.
Tendering will open this week for a 20MW battery energy storage system (BESS) pilot project in Pakistan that could help shape the creation of an ancillary services market.
The Asian Development Bank (ADB) has approved a US$40 million loan to support a 41MW hybrid distributed renewable energy system combining wind, solar, battery storage and a thermal heat pump in Mongolia.
The Green Climate Fund (GCF) is providing a US$12 million grant as additional financing for 6MW of grid-connected solar PV combined with 3MW/12MWh of battery energy storage projects on the Cook Islands.
