27 Apr '12, 5am

ADB Solar Energy Initiative Funding for Reliance Power’s 100-MW Solar Thermal Power Project in Rajasthan: Filed

ADB Solar Energy Initiative Funding for Reliance Power’s 100-MW Solar Thermal Power Project in Rajasthan: Filed

The Asian Development Bank (ADB) will lend India’s Reliance Power $103 million to help finance a 100-MW concentrating solar power (CSP) plant that is to be built adjacent to the 40-MW Dahanu solar photovoltaic (PV) farm in Rajasthan, the ADB announced April 24 . Reliance’s Rajasthan CSP project is ADB’s first CSP financing, as well as one of India’s largest solar power projects. “This 100-megawatt plant will help meet growing energy demand in India, in a way that avoids emission of harmful greenhouse gases,” said Michael Barrow, director in ADB’s Private Sector Operations Department. “We hope that the success of this project will spur others to invest in the solar energy sector, which has massive potential in India.” Reliance’s Growing CSP Project Portfolio Reliance estimates that the Rajasthan CSP plant will avoid more than 250,000 metric tons of carbon dioxide emissions ...

Full article: http://cleantechnica.com/2012/04/27/adb-solar-energy-init...

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