In Short : The Asian Development Bank (ADB) and Ayala Corporation signed a $100 million financing deal to boost electric mobility in the Philippines. The initiative aims to deploy electric vehicles and charging infrastructure, reducing greenhouse gas emissions and promoting sustainable transport. This partnership supports the country’s clean energy transition and encourages private sector involvement […]
Landmark Achievement: Envision Energy Secures First-Ever Order with 162 MW Wind Turbines in the Philippines – EQ
In Short : Envision Energy’s achievement of securing the first-ever order for 162 MW wind turbines in the Philippines is a significant milestone. This indicates the company’s successful entry into the Philippine market and highlights the growing interest and investment in wind energy projects in the region. The order reflects a positive step towards advancing […]
TotalEnergies ENEOS signs first solar rooftop project of Kinpo Group in the Philippines – EQ
In Short : The partnership between TotalEnergies ENEOS and Kinpo Group for the first solar rooftop project in the Philippines is a wonderful example of collaboration towards a greener future. By harnessing the power of solar energy, this project will contribute to reducing carbon emissions and promoting sustainable practices In Detail : TotalEnergies ENEOS has […]
Philippines’ latest auction awards over 3.4 GW of renewables – EQ Mag
The Philippines Department of Energy (DOE) has awarded about 3.44 GW of solar photovoltaic (PV) and onshore wind projects in the country’s second green energy auction round (GEA-2), significantly less than the initially offered capacity. The government’s Green Power Auction Bid Evaluation and Award Committee (GEA-BEAC) announced the successful bidders earlier this month. A total […]
ADB Issues First Local Currency Health Bond – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has raised 35 billion Mongolian togrog (MNT) (about $10.2 million) in its first health bond denominated in the local currency of a borrowing member. The issue sets a milestone for health-focused local-currency bonds. The bond carries a 11.25% semi-annual coupon with a 2-year bullet maturity, denominated in […]
ADB to Help Modernize Uzbekistan’s Power Transmission Grid – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a $125 million loan to help enhance Uzbekistan’s power transmission grid, improving energy efficiency and enabling the integration of more renewable energy into the country’s power mix. The Digitize to Decarbonize – Power Transmission Grid Enhancement Project will rehabilitate 12 transmission lines in seven regions—Bukhara, […]
ADB Approves Landmark $1 Billion Loan to Support Low-Carbon Public Transport in the Philippines – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) today approved a $1 billion loan to help establish a city-wide public transport project in Davao City, the first project in the country to deploy electric bus fleets at scale in support of the Philippines’ efforts to reduce greenhouse gases and promote climate action. The Davao Public […]
Philippines’ Tech Startup Ecosystem Making Progress – EQ Mag
MANILA, PHILIPPINES : A supportive ecosystem for startups has been established in the Philippines, providing a platform for the development of innovative enterprises, according to a new report by the Asian Development Bank (ADB). As in many countries, fintech and e-commerce dominate the startup landscape. Meanwhile, startups with high development impact—those focused on education (edtech), […]
Benefits of Global Net-Zero Transition Can be 5 Times the Costs in Developing Asia – EQ Mag
MANILA, PHILIPPINES : Global efforts to achieve net-zero greenhouse gas emissions can yield substantial economic and social benefits. For developing Asia, these benefits could be 5 times the costs of mitigation, according to a new report from the Asian Development Bank (ADB). The benefits—including avoided economic losses from climate change, as well as improved health […]
ADB Operations Reach $20.5 Billion in 2022, Addressing Crises, Building Resilience – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) committed $20.5 billion from its own resources in 2022 to help Asia and the Pacific continue its recovery from the COVID-19 pandemic despite fresh economic headwinds and crises. Financial and operational results were published today in ADB’s Annual Report 2022. The report summarizes how the bank combined […]