Catalyzing Growth and Emerging Areas in Asia and the Pacific

proposed

The proposed technical assistance (TA) will be designed to support DMCs in advancing the energy transition through smart grids, smart energy management systems, grid integration of innovative renewable energy technologies for power generation and transmission of multi-sector infrastructure services, including electric mobility and vehicle to grid technology; and to support DMCs in improving access to reliable, affordable, low-carbon energy across Asia and the Pacific by identifying, preparing, developing, and implementing cross-sectoral integrated energy solutions, particularly, using clean and innovative power generation technologies (e.g, floating solar photovoltaic (PV), offshore wind power, marine renewables, tidal stream, and other innovative technologies). The TA will also explore innovative business models and de-risking, advances in financing modalities including role of private sector and power markets. Subsequently, the TA will contribute to achieving ADB's two operation shifts, climate change and private sector development, which are set under the New Operating Model.