ADB To Create Solar Energy Forum

Solar panels. The Asian Development Bank will provide a technical assistance grant to develop the region's capacity to use solar energy. Photo by: Jeremy Levine / CC BY Jeremy LevineCC BY

The Asian Development Bank is providing a USD2 million technical assistance grant for a new knowledge sharing and communications platform designed to develop the region’s capacity to use solar energy as a large-scale power source.

The Asia Solar Energy Forum will be a venue for energy sector stakeholders to share best practices and information on business models and technologies needed to expand and accelerate the use of solar power in the region, a news release from ADB says.

“It will support technology transfers by matching domestic and foreign companies, help promote foreign direct investment in developing member countries, mobilize concessional funding for financially viable projects, and give the private sector access to developing country policymakers,” Naoki Sakai, senior climate change specialist of ADB’s South Asia department, explained.

The grant is part of ADB’s Asia Solar Energy Initiative, a project unveiled by the bank in May. The initiative aims to help generate some 3,000 megawatts of solar power in Asia by 2012.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.