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Deploying Solar Systems at Scale

Sector: Solar • Location: Regional Bangladesh Bhutan India Maldives Nepal Sri Lanka

Source: Asian Development Bank (ADB)

Project
Closed

The knowledge and support technical assistance (KSTA) 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 avai

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The project “Deploying Solar Systems at Scale” is an infrastructure initiative in the Solar sector, located in Regional Bangladesh Bhutan India Maldives Nepal Sri Lanka. Taiyo aggregates data on it from Asian Development Bank (ADB).

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Description

Description

The knowledge and support technical assistance (KSTA) 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 is estimated to cost $2,000,000, 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.

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