US$20 Million to Boost Asian Renewable Energy

December 30, 2003 [SolarAccess.com] The Manila, Philippines-based Asian Development Bank (ADB) has backed a fund to help small and medium sized firms in Asia invest in energy efficiency and renewable energy employing clean technologies, through an equity investment of US$20 million. The fund will provide capital, project expertise, and international and emerging market experience to catalyze energy efficiency and renewable energy markets in Asia, the ADB said in a statement. The fund aims to provide equity capital, financial engineering, technical and carbon-related skills, and training to energy services companies (ESCOs) on a project-by-project basis.
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