Deploying Solar Energy at Scale (ADB-52227-001)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Bangladesh
  • Bhutan
  • India
  • Maldives
  • Nepal
  • Sri Lanka
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Regional
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 2.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 27, 2019

Disclosed by Bank Mar 19, 2019

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank website, the knowledge and support technical assistance (KSTA) facility will deploy solar energy at scale via three pillars: (i) identification and development of solar project pipeline (which may include pilot testing); (ii) identification of financial instruments and assistance in mobilization of funding for solar investments; and (iii) knowledge management and capacity building. Solar is the world's largest available energy resource, much larger than all other resources combined: the solar radiation hitting the earth every hour is more than total global energy consumption. In the context of sustainable development and climate change, scaling up of solar energy investments is one of the best options with respect to distribution of the resource in countries which are energy poor in terms of conventional energy, as well as a broad spectrum of applications and scale and speed of deployment. This will also help implement the cooperation agreement between Asian Development Bank (ADB) and the International Solar Alliance (ISA).

The KSTA facility is estimated to cost $3,000,000, which will be financed on a grant basis by Clean Energy Fund of the Clean Energy Financing Partnership Facility (CEFPF). The government will provide counterpart support in the form of counterpart staff, office accommodation, and other in-kind contributions. The governments have been informed that approval of the TRTA facility does not commit ADB to finance any ensuing project.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Clean Energy Fund under the Clean Energy Financing Partnership Facility US$ 2.00 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Responsible ADB Officer Acharya, Jiwan S.
Responsible ADB Department South Asia Department
Responsible ADB Division Energy Division, SARD
Executing Agencies
Asian Development Bank
6 ADB Avenue, Mandaluyong City 1550, Philippines 

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main

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How it works