The Asian Development Bank (ADB) has signed a loan agreement of up to $235m with Thai power producer B.Grimm Power to develop and enhance renewable energy capacity in Association of Southeast Asian Nations (Asean) countries.
“The development of renewable energy in Southeast Asia is critical to meet its energy needs and B.Grimm Power is at the forefront of the region’s fast growing alternative energy sector,” said Michael Barrow, director general of ADB’s private sector operations department.
