ADB has signed a loan agreement of $235 million with Thailand’s B.Grimm Power Public Company Limited to develop renewable energy capacity in a number of Southeast Asian countries. The proceeds have been earmarked to fund the company’s 114 MW of solar projects and 16 MW of wind power in Thailand as well as renewable energy projects in Cambodia, Indonesia, Laos, Myanmar, Philippines, Thailand and Vietnam. Earlier, in July 2017, ADB acquired a $57.7 million equity stake in B.Grimm Power as part of the latter’s IPO.
