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ADB
Green Bond
Issue No. 3
In this issue: CHALLENGES ADB’S ROLE GREEN BONDS CASE STUDY
CHALLenGes
The Asia and Pacific region has the largest number of Right policies and right projects, high-level technology, and
climate-vulnerable people worldwide. While the region has innovative financing are needed to put Asia and the Pacific
made substantial gains in reducing income poverty in recent on a low-carbon and climate-resilient development path.
decades, some 400 million people still live in extreme
income poverty. The Asian Development Bank (ADB) flagship study on
infrastructure financing estimates that developing Asia will
The region experiences average daily losses of $200 million need to invest $26 trillion from 2016 to 2030 to maintain
because of disasters, and climate change is increasingly growth, eradicate poverty, and respond to climate change.
contributing to rising losses. Impacts of climate change This is $1.7 trillion per year. The region will need to spend
are occurring with increasing severity and frequency. around $200 billion per year specifically for climate change
Expected future climate change impacts threaten recent mitigation, and $41 billion more for climate-proofing
development gains and progress. Without aggressive infrastructure that are at risk. With these estimates, the
efforts to decarbonize, emissions are set to increase as we financing challenge is daunting.
become more urban, our consumption patterns change,
and we expand our fossil fuel-based energy generation
and transport.
ADB’s roLe
ADB plays an important role in leading the region to a In 2017, ADB approved its Climate Change Operational
green growth path through financing and innovative Framework 2017–2030. This new framework supports
technologies. Its long-term corporate strategy has placed the implementation of each nationally determined
environmentally sustainable growth as one of the three contributions across the region. It also provides broad
strategic pillars, and the new Strategy 2030 will be framed direction and guidance in enhancing resilience and
by the Sustainable Development Goals and the Paris strengthening climate actions in ADB operations and
Agreement on Climate Change. business processes. It positions ADB to facilitate,
1
electricity demand will grow to*
% in by
ADB
billion tons of COGreen BonD
which equals
The PRC and India will make up
% THE
of Asia’s power
CLIMATE CHANGE OPERATIONAL
% of the world’s share
consumption
FRAMEWORK 2017-2030 (CCOF2030)
The Climate Change Operational Framework 2017–2030
*projection under New Policies scenario
Impacts will be costly
Climate change will
of the million EnhancedVISION hike food prices, thus
nations most Bangladeshis greenhouse
actions for low
gas region’s
of the emissionspopulation
and million
ADB INSTITUTIONALwill be displaced byclimate-resilienta development ACTIONS
Asians will be pushed intoTOpoverty
MEASURES work in sectors most
for every SUPPORT DMCs
weather events are in meter rise at-risk from climate % rise in food prices
Asia and the Pacific
• Mainstreaming climate in sea level by change impacts • Supporting institutional
considerations into strategies, OUTCOME development and policy
policies, plans, and projects frameworks conducive to ambitious
1 climate action in DMCs
• Assessing the role of concessional
finance in enhancing climate action ADB as a leading development • Facilitating access to public and
• Delineating roles and
partner of DMCs private, domestic and international
climate finance
responsibilities of operations and 2
non-operations departments • Promoting use of climate
million
Strengthened ADB climate technologies in operations
• Optimizing staff capacity and skills In inland areas, the number
• Improving internal cooperation, operations • Developing
of peopleknowledge
at risksolutions
will rise to
estimated number of Asian urban and capacity development support
coordination, and knowledge
sharing dwellers at risk of coastal flooding by million
• Strengthening partnershipsby
and
networks
For the past years Asia and the Pacific has experienced over earthquakes > on the Richter scale
million people, causing total damages of over $ billion, and the deaths of over
thousand people PRINCIPLES
• Supporting ambitious climate objectives articulated in nationallyIn the
Pacific, sea level rises
determined contributions and other climate plans
• Accelerating low greenhouse gas emissions development faster than the global average.
• Promoting climate change adaptation By 2100, sea level rise may reach
more than 1 meter
• Integrating climate change adaptation and disaster risk management
• Linking climate actions to wider sustainable development agenda
ADB = Asian Development Bank, DMC = developing member country.
ADB = Asian Development Bank, DMC = developing member country.
Source: ADB.
Massive investments are required
Source: ADB.
collaboratively and proactively, a regional shift toward billion
finance rise to nearly one-third of allamount billion
mobilized
ADB financing.
budget required annually by Multilateral Development Banks, with
a low greenhouse gas emissions and climate-resilient Of the $6 billion spent tackling climate change each year,
development path.
to help Asia and the Pacific billion earmarked for ADB
$4 billion will be dedicated to mitigation projects,
adapt to climate change
billion* with advanced technologies for renewable energy,
Given the region’sannual
vulnerability
damage to the impacts
caused by of climateto $ energy billion
efficiency, As
andan sustainable transport,
implementing entity while $2 billion
of the Green
disasters in Asia and the Pacific
change, ADB has committed to doubling
*This is the average over a -year its climate will be for
needed incremental investments adaptation through
Climate Fund, more
ADB has resilient
access to infrastructure,
potential
financing from its own
period resources
( ) to $6 billion perper year
year by for mitigation
developing countries
in
climate-smart $
agriculture, billion
and better preparation
in funding for
2020. This will see the proportion of ADB’s climate change climate-related disasters.
Tackling
climate change will rise to
ADB will double its
annual climate financing to billion
by around
of ADB’s overall financing by
.
Out of the $6 billion:
will be for adaptation through sustainable
will be dedicated to mitigation through
urban development, resilient infrastructure,
scaling up support for renewable energy,
billion billion climate-smart agriculture, and better
;
preparation for climate-related disasters.
Sources:
Source: ADB. Bank
• Asian Development
• S. Bose. . Sea-level rise and population displacement in Bangladesh: Impact on India.
Journal of National Maritime Foundation of India. )
• Centre for Research on the Epidemiology of Disasters – CRED. Emergency Events Database. www.emdat.be 2
• Global Carbon Project. Global Carbon Atlas. www.globalcarbonatlas.org
ADB Green BonD
Green BonDs
In August 2017, the ADB launched a dual tranche 5- and Mitigation projects include those that fall under the
10-year green bond, raising $1.25 billion across both tenors. following sectors:
This is ADB’s third benchmark issuance (following the (i) renewable energy,
inaugural 10-year bond in 2015 and the dual tranche 3- and (ii) energy efficiency, and
10-year bond in 2016), and the first in the 5-year tenor. (iii) sustainable transport (excluding roads).
In May 2017, ADB also issued its first green bond in the Climate change adaptation projects include those that fall
offshore Indian rupee linker market raising ₹3 billion under the following sectors:
($47 million equivalent) with maturity in February (i) energy,
2021. The issue was tapped for an additional ₹2 billion (ii) water and other urban infrastructure and services,
($31 million equivalent) in August 2017. and
(iii) transport.
Since being launched in 2015, ADB’s green bond program
has raised $3.3 billion. ADB’s inclusion criteria for eligible Eligible green bond projects are identified by ADB’s energy,
investments have been independently verified by the transport, climate change, and environmental specialists
Center for International Climate and Environmental on a continuous basis. This is done by using the joint
Research-Oslo (CICERO). multilateral development bank approach for tracking
and reporting climate change mitigation and adaptation
ADB intends to maintain a regular presence in the green finance,1 and additional selection criteria for “green”
bond market consistent with its commitment to scaling up projects as defined by ADB’s Green Bond Framework that
climate financing. deliver environmentally sustainable growth.2
Eligible Project Selection Criteria Use of Proceeds
Green bonds have proven to be an effective tool to Green bond net proceeds are allocated within ADB’s
promote ADB’s climate change strategy, which identifies treasury to a special subportfolio that is linked to ADB’s
five priority areas: lending operations to eligible projects. So long as the green
(i) expanding the use of clean energy; bonds are outstanding, the balance of the subportfolio will
(ii) encouraging sustainable transport and urban be reduced at the end of each quarter in respect of eligible
development; projects. Pending such disbursements, the subportfolio will
(iii) managing land use and forests for carbon be invested in liquid instruments, consistent with ADB’s
sequestration; liquidity policy.
(iv) promoting climate-resilient development; and
(v) strengthening policies, governance, and capacities.
1
file:///C:/Users/ra4/Downloads/2016-joint-report-on-mdbs-climate-finance%20(5).pdf.
2
ADB Green Bond Framework. https://www.adb.org/sites/default/files/adb-green-bonds-framework.pdf.
3
ADB Green BonD
Green Bond Commitment by Country Green Bond Commitment by Sector
(%) (%)
Others RE and EE
Sri Lanka 5.3 EE 3
3.5 5
Thailand
4.7
China, People's
Indonesia Republic of
5.6 25.1
Transport
52
Pakistan
9.7
RE
40
Viet Nam India
12.1 19.8
Bangladesh
14.2
Source: Treasury Department, ADB. RE= renewable energy, EE= energy efficiency.
Source: Treasury Department, ADB.
Outstanding Green Bond Issuances as of 31 December 2017
Format Issue Date Maturity Date Issue Size
Global 19 March 2015 19 March 2025 $500,000,000
Global 16 August 2016 16 August 2019 $800,000,000
Global 16 August 2016 14 August 2026 $500,000,000
Private Placement 30 March 2017 30 March 2027 $50,000,000
Private Placement 25 May 2017 26 May 2022 A$43,200,000
Private Placement 25 May 2017 26 May 2022 $10,200,000
Private Placement 25 May 2017 26 May 2021 TL105,200,000
Public Offering 24 May 2017 24 February 2021 ₹3,000,000,000
Global 10 August 2017 10 August 2022 $750,000,000
Global 10 August 2017 10 August 2027 $500,000,000
Public Offering 1 September 2017 24 February 2021 ₹2,000,000,000
Private Placement 15 November 2017 15 November 2027 A$25,000,000
4
ADB Green BonD
CAse stuDy
Sri Lanka: Rooftop Solar Power Generation Project
ADB Loan Package: $50 million
Solar panels. A project
to install solar panels
on roofs in Sri Lanka is
expected to boost access
to clean and reliable
power in the country.
(Photo credit: ADB)
ADB’s Rooftop Solar Power Generation Project will boost (PFIs) for handling debt funding of commercial
access to clean and reliable power in Sri Lanka. The project and domestic sector rooftop solar systems;
will finance rooftop solar power subprojects equivalent (b) development of a pipeline of bankable
to an additional capacity of 50 megawatts (MW), while subprojects with a total of 50 MW of capacity;
building the capacity and awareness of relevant authorities, and (c) establishment of project technical
private sector partners, and customers. guidelines and standards to be followed by
borrowers, vendors, and accredited engineers.
It will also develop a market infrastructure and a bankable (iii) Capacity and awareness of stakeholders,
pipeline of subprojects for the solar power systems through including the Ministry of Finance and Mass Media
greater cooperation with private financial institutions and (MOFMM), PFIs, commercial and domestic sector
the establishment of technical guidelines and standards for customers, increased. This includes (a) capacity
the system. training and workshops to the MOFMM, PFIs,
Specifically, the project will have the following outputs: and developers, including at least 80 workshop
participants (30% of them women), to improve
(i) Debt funding for the rooftop solar power their knowledge on rooftop solar systems;
generation increased. This includes financing (b) awareness campaigns for stakeholders,
of rooftop solar subprojects equivalent to including the MOFMM, PFIs, developers,
an additional 50 MW of capacity, utilizing a and potential customers; and (c) establishing
$50 million loan and $9.8 million leverage from and maintaining a comprehensive database
the private sector that would result in 55,600 tons of all installations, including online technical
of carbon dioxide emissions avoided per year. performance information of selected rooftop solar
(ii) Rooftop solar market infrastructure and bankable photovoltaic systems by a project implementation
subproject pipeline developed. This includes unit to be established under the associated
(a) selection of private financial institutions technical assistance.
5
ADB Green BonD
About the Asian Development Bank
ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries
reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains
home to a large share of the world’s poor. ADB is committed to reducing poverty through inclusive economic
growth, environmentally sustainable growth, and regional integration.
Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping
its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical
assistance.
Investor relations contact
E-mail capitalmarkets@adb.org
Investor Website www.adb.org/investors
Bloomberg ADB
Tel. No. +63 2 683 1204
Fax No. +63 2 632 4120
Note: In this publication, “$” refers to United States dollars.
Cover photo: Solar panels installed at the Rarotonga airport solar power project site. The Renewable
Energy Project aims to increased energy security in an environmentally sustainable manner.
Source: ADB Photo Library.
Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)
© 2018 ADB. The CC license does not apply to non-ADB copyright materials in this publication.
Publication Stock No. ARM189351 Printed on recycled paper
6
List of ADB Green Bond Eligible Projects by Sector
Target Impacts and Committed and Allocated Amounts
A. Renewable Energy and Energy Efficiency
as of 31 December 2017
Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
1 http://www.adb.org/ Indonesia: Java–Bali Electricity M EE 40 400,000 na na 330,000 • Deferral of new distribution network 50.00 16.70 16.70
projects/40061-013/ Distribution Performance investment by $100 million
main?page-2=1 Improvement (2619/FY2010): • Overall distribution loss reduced to 7%
Reduce distribution system losses from 8.4% in 2008
and, with an energy-efficient lighting • System average interruption frequency
program, reduce demand side index reduced to 3.0 times per year per
energy consumption. customer from 6.8 in 2008
• Fully disbursed
2 http://www.adb.org/ China, People’s Republic of: M RE 15 27,222 92,000 -- 1,000,000 • About 90% of wastes of subproject 66.08 60.06 29.99
projects/40682-013/ Integrated Renewable Biomass farms is collected and treated via the
main?page-3=1 Energy Development Sector (2632/ project biogas plant
FY2010): Improve performance • About 70 million cubic meters of
of biogas subsector through the biogas produced every year for rural
demonstration of integrated energy use.
renewable biomass energy system • About 41,000 households, including
in poor rural areas of Heilongjiang, 8,000 poor households, benefit from
Henan, Jiangxi, and Shandong improved access to clean energy
provinces in the People’s Republic • About 27,000 farmers increased their
of China. incomes through expanded contract
farming.
• About 9,000 poor households benefit
from the use of organic fertilizer and
sales of organic products.
• GHG reduced by about 1 million tons
of carbon dioxide equivalent.
3 http://www.adb.org/ Papua New Guinea: Town M RE 30 na 35,600 6 35,000 • Installation of six additional small 40.90 37.90 26.30
projects/41504-023/ Electrification Investment Program, hydropower plants in target provincial
main?page- Tranche 1 (2713/FY2010): Increase areas by end 2016
2=1&page-3=1 generation and use of renewable • Reduced power outages by 20% in
energy in provincial areas. target provincial urban areas by end
2016
• Reduced fuel costs for PNG Power
Limited power generation by 60% in
target provincial areas by end 2016
7Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
4 http://www.adb.org/ China, People’s Republic of: M EE -- 49,410 na na 43,649 • Spring wheat yield increased from 60.00 45.32 27.08
projects/42016-013/ Qinghai Rural Water Resources 4.6 t/ha in 2009 to 5.7 t/ha by 2016,
main?page- Management (2738/FY2011): and winter wheat yield increased from
2=1&page-3=1 Increase water use efficiency, 5.8 t/ha in 2009 to 7.2 t/ha by 2016
convert existing lift irrigation • High-value crops diversified on
to gravity irrigation, improve additional 3,000 ha by 2016
agricultural extension services, and Irrigation water use efficiency increased
empower farmer associations for from 35% in 2009 to 56% by 2016.
irrigated agricultural service and • Gravity irrigation cover increased from
management. 26% to 89% of the irrigated areas in
project countries
• Average operation and maintenance
cost, including electricity, reduced
from CNY0.168/m3 for lift irrigation to
CNY0.033/m3 for gravity irrigation
5 http://www.adb.org/ India: Gujarat Solar Power M RE 40 na na na na • Up to 500 MW of power could be 100.00 68.00 49.14
projects/44431-013/ Transmission (2778/FY2011): evacuated from the Charanka solar park
main?page- Develop the transmission over the transmission link to the Gujarat
2=1&page-3=1 infrastructure to evacuate power and national grid commencing in 2014
from the solar power generation (2010 baseline: 0 MW)
plants to be located in the
2,500-hectare Charanka solar park
in Patan district of Gujarat; the solar
park will host over 500 MW of both
solar photovoltaic and concentrated
solar power plants.
6 http://www.adb.org/ China, People’s Republic of: M RE 40 na 496,000 84 255,200 • 70% of MSW in the People’s Republic 100.00 80.00 80.00
projects/46906-014/ Everbright Environmental Energy of China is properly treated, with 30%
main Limited (Municipal Waste to Energy incinerated in cities, by 2020
Project) (7368/2899/2900/FY2012): (2010 baseline: 63.5% of MSW properly
Increase power generation from treated, with 14.7% incinerated in cities)
municipal solid waste, a form of • Total installed capacity of municipal
renewable energy resource. WTE plants in the People’s Republic
of China reaches 3 GW by 2020 (2010
baseline: about 500 MW)
• Approximately an additional 7,300 tons
per day of waste is treated by 2018.
• Fully disbursed
8Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
7 https://www.adb.org/ Regional: Southeast Asia Energy M EE 20 150,000 na na 90,000 • The project achieves annual energy 20.00 20.00 8.60
projects/46914-014/ Efficiency Project (Cofely Southeast savings of at least 150,000 megawatt-
main#project-pds Asia Pte) (7371/2919/FY2012): hour equivalent from energy efficiency
Support the investment program projects by 2019.
to expand and upgrade energy • The project results in average annual
efficiency services in Cambodia, avoidance of 90,000 tons of carbon
Indonesia, the Lao People’s emissions by 2019.
Democratic Republic, Malaysia, the • Average annual net savings of
Philippines, Thailand, and Viet Nam $10 million from energy efficiency
by removing financial constraints projects by 2019
and information barriers that inhibit
the development of the energy
efficiency market.
8 http://www.adb.org/ China, People’s Republic of: M RE 40 na 610,000 120 450,000 • 2.8 million tons of MSW is treated per 100.00 100.00 67.81
projects/46930-014/ Dynagreen Waste-to-Energy annum on average by 2018
main?page-2=1 Project(7377/2960/FY2012): • About 610 gigawatt-hours of clean
Increase power generation from energy is produced annually by WTE
MSW, a form of renewable energy plants by 2018
resource. • CO2 emissions are reduced by
approximately 450,000 tons per annum
by 2018.
• Up to 700 local workers employed by
nine WTE plants during operation
• CNY45 million of local goods and
services procured during operations on
average per annum starting 2018–2019
9 http://www.adb.org/ India: Rajasthan Renewable Energy M RE 40 na na na na • Bulk renewable energy-dedicated 62.00 62.00 45.24
projects/45224-003/ Transmission Investment Program, power transmission system expanded
main?page-2=1 Tranche 1(3052/FY2013): Support • Institutional capacity for renewable
transmission facilities to evacuate energy parks and transmission system
renewable energy from renewable developed
energy park to the state and national
grid.
10 http://www.adb.org/ China, People’s Republic of: Qinghai M RE 25 na 197,000 50 154,446 • 50 MW Qinghai Delingha plant 150.00 150.00 80.54
projects/46058-002/ Delingha Concentrated Solar operates reliably, delivering designed
main?page-2=1 Power Thermal Project (3075/ output
FY2013): Increase solar power (baseline: 0 MW in 2013)
generation using concentrated solar • 197 gigawatt-hours of clean electricity
power technology; increase share generated annually, thereby avoiding
of renewable energy in the total 154,446 tons of CO2 per year by 2017
primary energy consumption. (2013 baseline: 0 gigawatt-hours)
9Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
11 http://www.adb.org/ Indonesia: Sarulla Geothermal M RE 30 na 2,529,000 320 1,300,000 • Annual electricity production of 2,529 250.00 250.00 220.50
projects/42916-014/ Power Development Project GWh from 2018 onwards
main?page-2=1 (7397/3089/FY2013): increase use • Net reduction of 1.3 million tons of
of geothermal resources for power CO2 equivalent emissions per year from
generation. 2018 onwards
• Annual corporate tax paid averages at
least $20 million per annum
• Employment equivalent to 100 full-
time skilled or semiskilled jobs provided
during operations by 2020
• Women comprise at least 20%
of the technical or laboratory and
administrative positions during
operations by 2020
• Indigenous peoples comprise 20% of
the semiskilled labor from the affected
area (Pahae Jae and Pahae Julu) and
the North Tapanuli Regency during
operations by 2020
12 http://www.adb.org/ India: ACME-EDF Solar Power M RE 25 na 38,000 20 35,340 • 38,000 MWh generated annually from 9.79 9.79 9.28
projects/48209-001/ (3175/FY2014): Increase solar power 2018 onward
main?page-2=1 generation capacity by 20 MW. • 35,340 tons of CO2 avoided annually
from 2018 onward
• FTE employment of 14 people for
operation and maintenance services
from 2018 onward
13 http://www.adb.org/ India: ACME-EDF Solar Power M RE 25 na 38,000 20 35,340 • 38,000 megawatt-hours generated 9.81 9.81 9.39
projects/48209-001/ (3176/FY2014): Increase solar power annually from 2018 onwards
main?page-2=1 generation capacity by 20 MW. • 35,340 tons of CO2 avoided annually
from 2018 onwards
• FTE employment of 14 people for
operation and maintenance services
from 2018 onwards
14 http://www.adb.org/ India: ACME-EDF Solar Power M RE 25 na 38,000 20 35,340 • 38,000 megawatt-hours generated 9.79 9.79 9.28
projects/48209-001/ (3177/FY2014): Increase solar power annually from 2018 onward
main?page-2=1 generation capacity by 20 MW. • 35,340 tons of CO2 avoided annually
from 2018 onward
• FTE employment of 14 people for
operation and maintenance services
from 2018 onward
10Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
15 http://www.adb.org/ India: ACME-EDF Solar Power M RE 25 na 38,000 20 35,340 • 38,000 megawatt-hours generated 9.81 9.81 9.39
projects/48209-001/ (3178/FY2014): Increase solar power annually from 2018 onward
main?page-2=1 generation capacity by 20 MW. • 35,340 tons of CO2 avoided annually
from 2018 onward
• FTE employment of 14 people for
operation and maintenance services
from 2018 onward
16 http://www.adb.org/ India: ACME-EDF Solar Power M RE 25 na 38,000 20 35,340 • 38,000 megawatt-hours generated 10.79 10.79 10.37
projects/48209-001/ (3179/FY2014): Increase solar power annually from 2018 onward
main?page-2=1 generation capacity by 20 MW. • 35,340 tons of CO2 avoided annually
from 2018 onward
• FTE employment of 14 people for
operation and maintenance services
from 2018 onward
17 http://www.adb.org/ India: ACME-EDF Solar Power M RE 25 na 190,000 100 176,700 • 190,000 megawatt-hours generated 50.00 50.00 -
projects/48209-001/ (3180/FY2014): Increase solar power annually from 2018 onward
main?page-2=1 generation capacity by 100 MW. • 176,700 tons of CO2 avoided annually
from 2018 onward
• FTE employment of 70 people for
operation and maintenance services
from 2018 onwards
18 http://www.adb.org/ Cook Islands: Renewable Energy M RE 25 na 4,870 3 2,930 • By end of 2016: Solar photovoltaic 11.19 11.19 4.23
projects/46453-002/ Sector Project (3193/FY2014): power system of core subprojects (with
main?page-2=1 Increase solar power generation 780 kW of installed capacity) connected
capacity by 3 MWp. to the existing power grid on Mangaia,
Mauke, and Mitiaro islands (2012
baseline: 0%)
• By end of 2017: Solar photovoltaic
power system of noncore subprojects
(2,400 kW) connected to the existing
power grid on Atiu, Aitutaki, and
Rarotonga islands (2012 baseline: 0%)
• By end of 2017: Energy efficiency policy
implementation plan is developed (2012
baseline: 0%)
• Capacity of Office of the Energy
Commissioner and Renewable Energy
Development Division (10 staff in
total) for renewable energy technology
assessments and tariff setting in private
sector-funded projects developed (2012
baseline: 0%)
11Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
• The updated Cook Islands Renewable
Energy Chart Implementation Plan,
which incorporates load demand
update, viable renewable technology
choice, and least-cost investment plan,
developed (2012 baseline: 0%)
• Project management support for
Renewable Energy Development
Division and Te Aponga Uira (Rarotonga
Power Authority) to implement core
and noncore subprojects (six in total)
completed (2012 baseline: 0%)
19 http://www.adb.org/ Thailand: Chaiyaphum Wind M RE 20 na 128,950 81 65,000 • At least 120,000 MW-hours of wind 53.00 53.00 51.82
projects/48233-001/ Farm Company Limited (Subyai power delivered to the offtaker per
main Wind Power Project) (7435/3219/ annum (2016–2026)
FY2014): Increase wind power • At least 65,000 tons of carbon dioxide
generation capacity by 81 MW. equivalent emissions avoided per annum
(2016–2026)
• 81 MW wind power capacity
commissioned by the first quarter of 2016
• More than 250 people (45 full-
time equivalent) employed during
construction
• Local purchase of goods and
services amounting to over B1 billion
($29.5 million) during construction
20 http://www.adb.org/ Philippines: 150-MW Burgos Wind M RE 20 na 370,000 150 160,113.70 • Approximately 370 GWh of wind 20.00 20.00 19.60
projects/48325-001/ Farm Project (7442/3246/ FY2015): power delivered to the grid per year,
main Increase wind power generation on average, from 2015 (2012 baseline:
capacity by 150 MW. 75 GWh per year)
• 150 MW wind power capacity
commissioned by the first quarter of
2015
21 http://www.adb.org/ Philippines: Tiwi and Makban M RE na na na na na • Full subscription of up to P10.7 billion 40.64 40.64 38.47
projects/48423-001/ Geothermal Power Green Bonds peso-denominated Tiwi–MakBan green
main Project (7551/3266/ FY2015): project bonds in the third quarter of
Involves refinancing of capital 2015 (2015 baseline: N/A)
expenditure (including acquisition • Climate bond certificate application
and plant rehabilitation) and issued by the fourth quarter 2015 (2015
ongoing operation and maintenance baseline: N/A)
in Tiwi and Makban, two major • ADB public knowledge product
geothermal power generation disseminated by 2016 (2015 baseline:
complexes in Luzon. N/A)
• Implement risk-sharing agreement
with at least one coguarantor by third
quarter of 2015 (2015 baseline: N/A)
12Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
22 http://www.adb.org/ Thailand: Northeastern Thailand M RE 20 na 411,000 260 222,000 • Wind power facilities (including 157.50 157.50 -
projects/49263-001/ Wind Power Project (7462/3366/ transmission line and substation) with
main FY2015): Increase wind power 260 MW of capacity commissioned by
generation and diversify electricity the second quarter of 2018
generation mix. • Employment for more than 250 people
generated during construction by 2018
• Local purchase of goods and services
amounts to more than B3,000 million
($82 million) during construction
23 https://www.adb.org/ India: Mytrah Energy (India) M RE wind na 1,200,000 576.2 1,185,165 • 241 MW wind farm project 175.00 175.00 95.31
projects/49241-001/ Limited (Mytrah Wind and (20)/ commissioned by 2016
main Solar Development Project) solar • 234 MW of additional wind capacity
(7474–7479/3379–84/FY2016): (25) commissioned by 2017
The transaction being financed • 100 MW of solar capacity
comprises 476 MW of wind projects commissioned by 2016
in four SPVs in Rajasthan, Madhya • 1,200 GWh generated annually
Pradesh, Andhra Pradesh, and • 1,185,165 tons of CO2 avoided annually
Karnataka; and 100 MW of solar • At least 64 full-time equivalent local
projects in two SPVs in Telangana jobs and 415 contractual jobs are created
and Punjab. for operations
• Direct contribution (corporate tax)
to government revenues amounts to
an average of ₹890 million ($13 million
equivalent) annually
24 https://www.adb.org/ Thailand: Stumpf Energy Solutions M RE 25 na 120,000 100 73,200 • Rollout and operation of multiple solar 47.00 47.00 -
projects/49366-001/ (Thailand) and Stumpf Energy photovoltaic installations on rooftops
main Tranche B (Distributed Commercial or elsewhere on the premises of
Solar Power) (7483/3412/FY2016): commercial and/or industrial buildings,
The project involves the rollout with a total capacity of up to 100 MW.
of multiple solar photovoltaic • 73,200 tons of CO2 avoided annually
installations, each with a capacity
ranging from 400 kWp to 5 MWp,
on rooftops or elsewhere on the
premises of commercial and/or
industrial buildings owned or leased
by host companies in Thailand up
to an aggregate capacity of 100 MW
and will be installed with no upfront
cost to the host companies.
13Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
25 https://www.adb.org/ India: Demand-Side Energy M EE LED 3,800,000 na na 3,000,000 • Efficiency of street lighting in one or 200.00 200.00 15.00
projects/48224-002/ Efficiency Sector Project (3436/ (11 ) / more municipalities in eligible states
main FY2016): ADB will provide a loan to pumps (including Goa, Maharashtra, Rajasthan,
Energy Efficiency Services Limited (10) and Telangana) enhanced; 1.5 million
to support demand-side energy streetlights replaced with LED lamps
efficiency investments in several • Efficiency of bulbs, tube lights,
Indian states. ADB’s loan will cover and electric fans in households and
high-priority areas under Energy institutions in utility service areas
Efficiency Services Limiteds energy in eligible states (including Andhra
services company through the use Pradesh, Maharashtra, Rajasthan, and
of (i) more efficient LED municipal Uttar Pradesh) enhanced; 42 million
street lighting equipped with remote LED lamps, ceiling fans, and LED tube
operating technology, (ii) more lights installed
efficient domestic lighting through • Efficiency of agricultural water
replacement of incandescent lights pumps in utility service areas in eligible
with LEDs, and (iii) more energy states (including Andhra Pradesh,
efficient agricultural water pumps. Karnataka, Maharashtra, and Rajasthan)
improved;225,000 inefficient agricultural
water pumps replaced with more
efficient models
• Electricity consumption in subproject
areas reduced by 3,800 GWh per annum
• Additional aggregate greenhouse gas
emissions reduced by 3 million tCO2eq
per year
26 https://www.adb.org/ Pakistan: Triconboston Consulting M RE 20 na 520,000 150 380,000 • 150 MW of wind capacity 75.00 75.00 38.44
projects/50200-001/ Corporation (Private) Limited commissioned
main (Triconboston Wind Power) • 520 gigawatt-hours generated annually
(7487/3448/FY2016): The • 380,000 tons of carbon dioxide
project involves the construction, avoided annually
commissioning, and operation of • At least 35 full-time equivalent local
three 50 MW wind power projects jobs created during operations
located in Thatta District, Sindh
Province, in the south of Pakistan.
14Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
27 https://www.adb.org/ Pakistan: Access to Clean Energy M RE & 25 na 149,300 182 74,800 • By 2021, power generation capacity 325.00 247.00 37.23
projects/49056-002/ Investment Program (3476/ EE from clean energy sources is increased
main FY2016): The project involves by 182 MW
(i) expanding access to renewable • By 2021, at least 26,587 sites have
energy, notably micro hydropower renewable energy-based power plants
plants in rural off-grid areas of , installed.
and decentralized solar plants for • By 2021, girls’ schools account for at
education and primary health care least 30% of schools with solar plant
facilities in Khyber PakhtunKhwa installed.
and Punjab; (ii) providing • By 2021, households headed by
women and girls with increased women account for at least 7% of target
opportunities to obtain energy households that are newly connected to
services and benefits; (iii) enhancing electricity.
institutional capacity to foster • By 2021, 500 primary health care
sustainability; and (iv) promoting facility used by women for delivery or
public sector energy efficiency in antenatal care are equipped with solar
Punjab. plants.
• By 2021, 3,000 women are trained to
equip them in using energy benefits.
• By 2019, energy audits are conducted
on 100% of identified public sector
buildings and a model net-zero energy
building is constructed.
28 https://www.adb.org/ Indonesia: PT Supreme Energy M RE 30 na 630,000 80 471,240 • Total installed electricity-generation 70.00 70.00 33.90
projects/50156-001/ Muara Laboh (Muara Laboh capacity of project increased to 80 MW
main Geothermal Power) (3487/FY2016): • Electricity generated and delivered to
The project will develop geothermal offtaker increased to 630 gigawatthours
steam resources through production per year
and injection facilities in the Liki • Annual emission reductions achieved
Pinangawan Muaralaboh concession amount to 471,240 metric tons of carbon
area and construct, operate, and dioxide equivalent
maintain a single power generation • Number of jobs provided during
unit with a total capacity of operation amount to at least 190
approximately 80 MW.
29 https://www.adb.org/ Thailand: Thai-Sunseap Asset M RE 25 na 120,000 100 61,056 • 100 MW of solar panels installed 43.56 43.56 -
projects/49087-001/ company Limited (Grid Parity • More than 120,000 MWh of solar
main Rooftop Solar) (7494/3490/ power generated annually
FY2016): The project involves the • 61,056 tons of carbon dioxide
rollout of multiple solar photovoltaic emissions avoided annually
installations, each with a capacity • 15 full-time equivalent local jobs
ranging from 400 kWp to 10 MWp, created during operation
on rooftops or elsewhere on the
premises of commercial and/or
industrial buildings owned or leased
by host companies in Thailand up
to an aggregate capacity of 100 MW,
and will be installed with no upfront
cost to the host companies.
15Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
30 https://www.adb.org/ Cambodia: Sunseap Asset M RE 25 na 14,000 10 9,500 • 10 MW of solar power capacity 3.60 3.60 3.25
projects/50248-001/ (Cambodia) Co. Ltd. (Cambodia commissioned by July 2017
main Solar Power) (7498/3495/FY2016): • 5.5 km transmission line connecting
The project is the first utility-scale the plant to the substation completed
solar power plant in Cambodia, and by June 2017
the first competitively tendered • More than 14 gigawatt-hours of power
renewable energy independent dispatched to Electricité du Cambodge
power producer project in the per annum by 2018
country. It is a build–own–operate, • Annual amount of emissions
public–private partnership reductions achieved 9,500 metric tons
transaction for a 10 MW solar power of carbon dioxide equivalent on average
plant to be located in Bavet city during the first 10 years of operation
in Svay Rieng Province, about 150 • Number of full-time equivalent
kilometers (km) from the capital jobs provided during operation phase
Phnom Penh. amount to at least 10 by 2018
• Direct contribution (corporate tax)
to government revenues amounts to at
least $25,000 equivalent per annum by
2023
31 https://www.adb.org/ India: ReNew Power Ventures M RE wind na 1,400,000 709 1,200,000 • 398 MW of solar capacity 194.60 194.60 48.33
projects/50195-001/ Private Limited (ReNew Clean (20)/ commissioned by 2018
main Energy Project) (7495/3488,7504- solar • 311 MW of wind capacity
09/3514-3519/FY2016): ADB will (25) commissioned by 2017
provide funding to seven SPVs • 1,400 GWh generated annually
established by ReNew for the • 1.2 million tons of CO2 avoided
purposes of developing 709 MW annually
of solar and wind projects in the • Number of jobs provided during
states of Andhra Pradesh, Gujarat, operation amount to at least 200
Jharkhand, Karnataka, Madhya • Direct contribution (corporate tax) to
Pradesh, and Telangana. government revenues amounts to an
average of $11.6 million per year, during
project life
16Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
32 https://www.adb.org/ India: Solar Transmission Sector M RE 40 -- -- -- -- • 201 km of transmission systems (765 175.00 175.00 5.20
projects/49214-002/ Project(3521/FY2017): Develop kV and 400 kV) constructed to help
main high-voltage transmission systems evacuate 2,500 MW of power from solar
to evacuate electricity generated parks in Bhadla, Rajasthan
by new mega solar parks to the • 95 km of transmission systems (400
interstate grid, and improve the kV) constructed to help evacuate
reliability of the national grid system. 700 MW of power from solar parks in
Banaskantha, Gujarat
• 195 km of transmission systems (400
kV) constructed to help evacuate
1,000 MW of power from solar parks in
Tumkur, Karnataka
• HVDC terminals (500 kV) between
Rihand and Dadri rehabilitated to
provide an efficient power supply with a
capacity of 1,500 MW
• POWERGRID’s Environment and
Social Policy and Procedures adopted
by ADB, and additional actions
implemented by POWERGRID from
2016 onward
• POWERGRID’s Works and
Procurement Policy and Procedures
adopted by ADB, and additional actions
implemented by POWERGRID from
2017 onward
33 https://www.adb.org/ Armenia: Electric Networks M EE 40 26,500 na na 11,400 • 400 km of distribution lines upgraded 80.00 80.00 35.00
projects/50146-001/ of Armenia Distribution to 10/0.4 kV overhead lines
main Network(7514/3540/FY2017): • 900 10/0.4 kV transformers upgraded
Improve the quality of the • 550 substations upgraded
distribution network and services • 250,000 automatic metering devices
of Electric Networks of Armenias for end consumers installed
multisite operations across the
country; reduce electricity losses
and operational expenses; improve
technical maintenance and safety
conditions; modernize the metering
system; rehabilitate, reinforce, and
augment the distribution network;
connect new customers; and
introduce international standards
of management and an automated
control system.
17Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
34 https://www.adb.org/ Papua New Guinea: Town M RE 25 na 84,000 3 70,000 • PNG Power Limited rehabilitates three 55.90 55.90 0.02
projects/41504-025/ Electrification Investment Program - aging hydropower plants to bring them
main Tranche 2 (3544/FY2017): Rehabilitate back to their rated capacity of 28.0 MW.
two hydropower plants: (i) Yonki Toe • PNG Power Limited constructs
of Dam hydropower plant, and (ii) and connects to the grid 3.0 MW of
Warangoi hydropower plant, which hydropower capacity.
are currently operating below their full • Capacity building undertaken for
capacities; Construct Ramazon run- implementing agency and project
of-river small hydropower plant with a beneficiaries.
capacity of 3 MW. • The program management unit renders
efficient project management services.
35 https://www.adb.org/ Samoa: Jarcon PTY Limited and Sun M RE 25 na 5,500 4 1,644 • A 4-MW solar power system 2.00 2.00 2.00
projects/49339-001/ Pacific Energy Limited (Solar Power commissioned by the end of 2017
main Development-Samoa)(7515/3553/ • Up to 20 construction jobs and 5
FY2017): Increase supply of clean, permanent jobs for operation and
carbon-negative solar energy maintenace of the project created
generated through an independent
power producer.
36 https://www.adb.org/ Sri Lanka: Solar Rooftop Power M RE 25 na 75,600 50 55,600 • About 6,400 rooftop solar subprojects 50.00 50.00 -
projects/50373-002/ Generation Project(3571/FY2017): financed utilizing a $50.0 million loan and
main Installs rooftop solar power $9.8 million leveraged from private sector
generation systems, develop rooftop • 10 PFIs for handling debt funding of
solar market infrastructure and rooftop solar systems by commercial and
a bankable subproject pipeline, domestic sectors selected
and build capacity and increase • Pipeline of bankable subprojects for
awareness of stakeholders in 50 megawatts of capacity developed
Sri Lanka. • Project technical guidelines and
standards to be followed by borrowers,
vendors, and accredited engineers
established
• Technical verification during
preinstallation and postinstallation
conducted
• An analytical report on identified
technical shortcomings and failures
prepared
• At least 80 workshop participants (30%
of them women) from the MOFMM,
PFIs, and developers reported improved
knowledge on rooftop solar systems.
• A comprehensive database of all
installations, including online technical
performance information of selected
rooftop solar photovoltaic systems
established and maintained
• At least 150 representatives from the
MOFMM, PFIs, and developers attended
awareness campaigns.
18Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
37 https://www.adb.org/ Thailand: Chana Green Company M RE 40 na 166,000 25 72,874 • Total installed renewable electricity 33.60 33.60 -
projects/49067-001/ Limited (Southern Thailand Waste- generation capacity of 25 MW
main#project-pds to Energy Project) (7524/3581/ • 300 jobs generated during
FY2017): Entails the construction construction
and operation of 25-MW biomass
WTE power project located
in Chana, Songhla province,
Southern Thailand. It will convert
approximately 825 tons per day of
agricultural waste into renewable
electricity generation.
38 https://www.adb.org/ Sri Lanka: Wind Power Generation A&M RE 20 na 345,600 100 265,700 • 100 MW wind power park constructed 200.00 200.00 -
projects/49345-002/ Project(3585/FY2017): • Wind park internal infrastructure,
main Includes wind power generation including 31 km of 33 kV underground
(i) development—consisting cables and access roads, developed
of construction of (a) 100 MW • Renewable energy dispatch control
wind farm; (b) wind park internal center to forecast, control, and manage
infrastructure, internal cabling, intermittent 100 megawatt wind power
and access roads and other generation established
arrangements; and (c) a renewable • 100 megavolt-ampere reactive reactors
energy dispatch control center to at Anuradhapura grid substation (North
forecast, control, and manage Central Province) installed
intermittent wind power generation; • 50 megavolt-ampere reactive reactor
(ii) improvement of power system at Mannar grid substation (Northern
reactive power management; and Province) installed
(iii) project engineering design • Engineering oversight of wind turbine
review and supervision support installation, commissioning and testing,
in Mannar Island of the Northern and technical certification over the
Province. construction period delivered
39 https://www.adb.org/ Pakistan: Zorlu Solar Pakistan M RE -- na 163,100 100 100,000 • Solar power generation capacity 20.00 20.00 -
projects/50174-001/ (Private) Limited (Zorlu Solar increased by 100 MW
main Power)(7530/3596/FY2017): • Number of jobs provided during
Involves design, construction, and construction is at least 400
operation and maintenance of a • Total payment to government provided
100-MW solar power plant and its during construction and early operation
associated infrastructure. at least $0.20 million
• Total domestic purchases during
construction and early operation at least
$20 million
19Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
40 https://www.adb.org/ Indonesia: PT Energi Bayu M RE 20 na 234,000 72 159,000 • Installed project’s wind capacity 56.35 56.35 49.00
projects/51209-001/ Jeneponto (Eastern Indonesia reached 72 MW
main Renewable Energy - Phase 1) • At least 500 jobs provided during
(7533/3606/FY2017): Involves construction phase
the construction, operation, and • At least 50 jobs provided for women
maintenance of a portfolio of during construction phase
renewable energy projects by the • Payments to the Government of
Equis group of East Indonesia. Phase Indonesia during construction and early
1 is a 72 MW wind power plant in operation reach $4 million
Jeneponto (South Sulawesi). • Domestic purchases during
construction and early operation reach
$41 million
41 https://www.adb.org/ Viet Nam: China Everbright M RE 40 na 790,000 110 787,300 • 110-MW installed power capacity from 100.00 100.00 -
projects/50371-001/ International Limited (Municipal municipal WTE plants commissioned
main Waste-to-Energy Project) by 2022
(7534/3607/FY2017): Supports the • 7,500 tons per day of MSW treatment
construction and operation of a capacity from municipal WTE plants
series of WTE plants with advanced commissioned by 2022
clean technologies, including • $250 million of local purchase of goods
flue gas emission control to meet and services during construction by
European Union standards, in 2022
multiple municipalities. Each plant • 1,500 jobs provided during
incinerates MSW, recovers waste construction phase by 2022
heat for power generation, and • Number of jobs provided to women
supplies electricity to the local grid. during construction amounts to at least
75
42 https://www.adb.org/ India: Ostro Kutch Wind Private M RE 20 na 762,000 250 669,036 • 250 MW wind power capacity installed 100.00 100.00 -
projects/51210-001/ Limited (Kutch Wind Project) • Electricity generated and delivered to
main (7539/3622/FY2017): Involves the offtaker increased to 762 GWh per year
installation of 125 V-110 Vestas • Contribution to government revenue
turbines of 2 MW of wind capacity amounts to an annual average of ₹50
each. Ostro Kutch Wind Power million, increasing to ₹250 million by
Limited has signed four power 2032
purchase agreements with PTC • Local purchase of goods and services
India Limited for the sale of 250 MW amounts to $271.1 million during
wind power produced by the construction
project. Facilitating the delivery of
the country’s first wind auctioned
project, the project demonstrates
the commercial viability of
competitively bid wind projects
and encourages long-term private
sector financing in this sector. The
project will also help reduce the
country’s dependence on fossil fuels
and promote renewable energy
development.
20Annual
Greenhouse
Annual Annual Renewable Gas Emission Eligibility
Project Name Project Energy Energy Capacity Avoided Loan for Green Allocated
Link to More (number/year loan approved, RE or Life Savings Produced Added (tons of Approval Bonds Amount
# Information and description) A/Ma EE (years)b (MWh)b (MWh)b (MW)b CO2eq)b Target Resultsb ($ million)c ($ million)d ($ million)e
43 https://www.adb.org/ China, People’s Republic of: M RE 30 14,293 -- -- 7,000,000 • At least 20 municipalities or counties 200.00 200.00 -
projects/51186-001/ Sinopec Green Energy Geothermal are connected by Sinopec Green Energy
main#project-pds Development (Geothermal to geothermal-based district heating
District Heating) (7540/3638/ by 2021
FY2017): Supports the construction, • At least CNY7.9 billion spent
acquisition, rehabilitation, and domestically during construction by
operation of a series of urban district 2021
heating system based on geothermal • At 2,000 jobs provided during
energy. construction phase by 2021
Total eligibility for green bonds and 3,400.92 1,176.42
allocated for renewable energy and
energy efficiency
ADB = Asian Development Bank, CO2 = carbon dioxide, EE = energy efficiency, FY = fiscal year, FTE = full-time employment, GHG = greenhouse gas, GW = gigawatt, ha = lecture, km = kilometer, kW = kilowatt, kWp = kilowatt
peak, kV = kilovolt, LED = light emitting diode, m3 = cubic meter, MOMM = Ministry of Finance and Mass Media, MSW = municipal solid waste, MW = megawatt, MWh = megawatt-hour, MWp = megawatt peak,
PFI = private financial institutions, RE = renewable energy, SPV = special purpose vehicle, t/ha = ton/hectare, WTE = waste to energy .
a
Column indicates whether the project aims to mitigate climate change (M) or adapt to climate change (A).
b
“--” means not measured or not reported for this project, “na” means not applicable and N/A = not applicable. Expected impacts or results are based on ex-ante estimates. GHG emission reductions presented in this report
use the multilateral development banks’ harmonized approach to GHG accounting.
c
This is the share of the total project cost that is financed by ADB and funded by regular ordinary capital resources.
d
Adjusted for any cancellation.
e
This represents the amount of green bond proceeds that has been allocated to disbursements to the project.
“-” means no disbursements as of 31 December 2017.
Source: Asian Development Bank.
21B. Sustainable Transport
as of 31 December 2017
Eligibility for Allocated
Project Name Loan Approval Green Bonds Amount
# Link to More Information (number/year loan approved and description) A/Ma Target Resultsb ($ million)c ($ million)d ($ million)e
1 http://www.adb.org/ Turkmenistan: North–South Railway (2737/ M • Total national transit tonnage increased to 6 million tons (2008 125.00 44.33 44.43
projects/43441-013/ FY2011): Increase in accessibility, and regional baseline: 3 million tons)
main?page-2=1 trade, contribute to economic growth, and the • About 1.6 million tons of minerals transported on the project railway
development of an integrated and efficient railway in 2015
system in the region. • Performance tracking system developed for periodic inspection,
supervision, and testing
• CO2 emissions reduced to 26,800 tons by 2020 (2008 baseline:
estimated at 37,000 tons)
• Fully disbursed
2 http://www.adb.org/ Viet Nam: Ha Noi Metro Rail System (Line 3: M • Peak loading of 785,000 passenger-km per day and 5,800 passengers 293.00 293.00 26.24
projects/40080-013/ Nhon-Ha Noi Station Section) (2741/FY2011): per hour per direction on line 3 by 2020
main?page-2=1&page-3=1 Facilitate public transport connectivity, greatly • Weighted average travel time per passenger along the project corridor
enhance access in five districts of Ha Noi, and be reduced by 25% from 2011 baseline level of 52 minutes by 2020
an important integral part of an improved public
transport system, which aims to achieve increased
public modal share through low-carbon transport
that reduces GHG emissions.
3 http://www.adb.org/ China, People’s Republic of: Railway Energy M • Energy efficiency, environmental protection, and safety enhancement 250.00 250.00 228.22
projects/43332-043/main Efficiency and Safety Enhancement Investment equipment installed
Program - Tranche 3 (2765/FY2011): Improve • Safety audit of a nominated railway administration completed
energy efficiency, environmental protection, and • Capacity building provided
safety in railways in the People’s Republic of China.
4 http://www.adb.org/ India: Railway Sector Investment Program- M • Expanded physical infrastructure and enhanced efficiency of 150.00 150.00 105.48
projects/36330-023/ Tranche 1 (2793/FY2011): Improve transport infrastructure use
main?page-3=1 system and greater mobility through an efficient, • Improved operational efficiency
safe, reliable, and environment-friendly railway • Implementation support provided to the Ministry of Railways for
system. mitigation and carbon credit activities
5 http://www.adb.org/ Bangladesh: Greater Dhaka Sustainable Urban M • Project saves average 40,000 tCO2 equivalent/year (versus without- 100.00 100.00 16.28
projects/42169-013/ Transport Project (2862/FY2012): Provide a project scenario)
main?page-3=1&page-4=1 holistic solution for integrated urban mobility • Air pollutants (PM10) annual level decreases by 20% (2006 baseline:
through an energy-efficient sustainable urban 76.72 μg/m3 )
transport system in Gazipur City Corporation, • Gazipur City Corporation walkability index rating improves from 39
which forms part of north Greater Dhaka. (2010 baseline) to 60 out of 100
• Residents’ positive perception of public transport and urban life
quality improves by 50% from 2012 baseline
• BRT achieves 100,000 passengers/day ridership (at least 30% women)
in first year of operation
• Modal share of public transport increases from 40% (2011 baseline) to
50%
6 http://www.adb.org/ Mongolia: Urban Transport Development M By 2020: 29.70 29.70 0.10
projects/39256-024/main Investment Program-Tranche 1 (2934/FY2012): • Bus travel time in BRT corridors is decreased by 30% during peak
Increase use of BRT system that reduces traffic hours in the central business district compared to 2011.
congestion, travel time, fuel use, and excessive • Traffic delay is decreased by 30% during peak hours at major road
vehicle emissions, including GHG. intersections in BRT corridors compared to 2011.
• Traffic accidents and casualties are reduced by 15% compared to 176
fatalities and 515 injuries in 2010.
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