ADB, B.Grimm Power expand support for renewable energy in ASEAN

The Asian Development Bank has signed a loan equivalent of up to $235 million with Thailand's B.Grimm Power to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations. B.Grimm Power's total distributed power generation capacity is expected to increase by over 50% to 2,500MW by 2022, while the renewable energy share in its portfolio will rise from 10% to 30%.