GMS Contents

ADB will support the development and operation of solar photovoltaic systems located on the rooftops of commercial and industrial businesses across Viet Nam. Photo courtesy of GreenYellow.

ADB, GreenYellow Sign Deal for Commercial and Industrial Rooftop Solar in Viet Nam

The Asian Development Bank (ADB) and GreenYellow Smart Solutions Vietnam Co., Ltd. (GreenYellow), have signed a loan agreement of up to $13.8 million for rooftop photovoltaic (PV) solar systems to help increase the supply of clean and affordable energy for commercial and industrial consumers in Viet Nam. 

The Lotus Wind Power Project deployed by the Asian Development Bank in Viet Nam. Photo by ADB.

Feasibility Studies for Wind Farm for the Subregion to be Conducted in Lao PDR’s Savannakhet

Agreements for feasibility studies for (i) a planned wind farm and (ii) a 500 kV substation for electricity transmission in Savannakhet, Lao People’s Democratic Republic (Lao PDR), was signed by representatives from Lao PDR Ministry of Planning and Investment, NASENG-WAYO Renewable Resource Development and Investment (a Lao PDR firm), and UPC Renewable Energy. UPC Renewable Energy and NASENG-WAYO Renewable Resource Development and Investment will cooperate on the feasibility study. 

Great strides were made in bringing power to the people by innovative policies, new technologies, and increased financing, but the region is unlikely to reach energy access targets by 2030. . Photo credit: ADB.

Post-Pandemic, Asia is Falling Short on Electricity Access and Switch to Renewables

Despite welcome progress on universal access to electricity, the transition to renewable energy is faltering at a time when multiple shocks are hitting Asia and the Pacific hard.

The Kim Thanh International Border Gate between Lao Cai (Viet Nam) and Yunnan Province (PRC) plays a vital role in the GMS northern corridor. Photo by ADB.

AEIR 2023 Highlights Deepening Integration, Continued Economic Growth in the GMS

The Asian Economic Integration Report 2023 highlights the continued growth of integration in subregional initiatives and programs in Southeast Asia, including both in the GMS and the ASEAN, from 2006 to 2020.

ADB Signs Loan for First Cross-Border Wind Power Project in Asia, First Plant in Lao PDR and Largest in Southeast Asia

The Asian Development Bank (ADB) and Monsoon Wind Power Company Limited (Monsoon) signed a $ 692.55 million nonrecourse project financing package to build a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern region of the Lao People’s Democratic Republic (Lao PDR) to export and sell power to neighboring Viet Nam. Comprising 133 wind turbines, the project will be the largest wind power plant in Southeast Asia and the first in the Lao PDR.

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