📋 Tender Overview
Project Name
Scaling Up Financing and Technology Innovations to Promote Solar Energy in South Asia
Project Number
58250-001
Country / Economy
Regional
Bangladesh
Bhutan
India
Maldives
Nepal
Sri Lanka
Project Status
Active
Project Type / Modality of Assistance
Technical Assistance
Source of Funding / Amount
TA 10489-REG: Scaling Up Financing and Technology Innovations to Promote Solar in South Asia
Clean Energy Fund under the Clean Energy Financing Partnership Facility US$ 1.00 million
Operational Priorities
OP2: Accelerating progress in gender equality
OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
Sector / Subsector
Energy / Renewable energy generation - solar
Gender
Effective gender mainstreaming
Description
In the cooperation agreement signed in March 2018, Asian Development Bank (ADB) and International Solar Alliance (ISA) agreed to jointly promote solar energy in the region and defined three pillars of support: (i) development of a project pipeline, (ii) identification of financing instruments to support the scale-up of solar energy investments, and (iii) building of knowledge management and capacity.
Building on the previous TA for Deploying Solar Systems at Scale Project, the proposed TA will support (i) generation and dissemination of knowledge to facilitate solar energy development across developing member countries (DMCs) and (ii) design of innovative financing models for solar energy investments expanded across DMCs starting with Bangladesh, Bhutan, India, Nepal, Maldives and Sri Lanka of South Asia.
Project Rationale and Linkage to Country/Regional Strategy
Scaling up renewable energy is consistent with South Asia regional governments, and particularly Bangladesh, Bhutan, India, Nepal, Maldives and Sri Lanka, Nationally Determined Contributions to address climate change. Renewable resources are abundant across the region, but fossil fuels still account for the largest share of total energy consumption. Solar energy systems have been demonstrated at scale in the region, and solar technologies are among the most readily available options for rapid expansion of renewable energy utilization. However, compared to the total resources-in-place (the 'raw resources) the solar potential remains underdeveloped. Further, most of the solar energy systems deployed globally and in the South Asia region have been for utility scale electricity supply. The proposed TA will focus primarily on scaling up and promoting productive end-uses.
The proposed TA will focus on studies and capacity building related to technologies and business models to support South Asia DMCs in operationalizing solar roadmaps considering all aspects in the broader context of the just energy transition and economic transformation. Specific areas of interest are integration of solar energy with agriculture ('agrivoltaics ), deployment of rooftop and distributed solar at healt
