ADB provides financing to Thailand's B.Grimm Power for renewable energy expansion

ADB provides financing to Thailand's B.Grimm Power for renewable energy expansion

Aerial view of ADB headquarters. Source: ADB's Flickr stream

The Asian Development Bank (ADB) has signed a loan equivalent of up to $235 million with Thailand’s B.Grimm Power to develop renewable energy capacity in a number of Southeast Asian countries.

According to an official ADB release, the financing will support B.Grimm Power in its implementation of the ASEAN Distributed Power Project, which looks to expand its renewable power generation and distribution to new regional markets, including Cambodia, Indonesia and the Philippines.

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