Wind power for remote communities in Asia gets ADB support
Wind offers a reliable and carbon emission-free source of electricity
and the Asian Development Bank (ADB) is providing support to expand its
use throughout remote communities in Asia, helping to alleviate poverty
and improve lives.
Wind power |
Technical assistance grants totalling $3.87 million from ADB’s
confessional funds for the Deployment of Distributed Small Wind Power
Systems in Asian Rural Areas will lay the groundwork for utilizing wind
power to enhance access to electricity in poor rural communities.
Nearly one billion people in Asia and the Pacific are still trapped
in poverty with no access to electricity and a large number of them live
in remote windy areas where it is both difficult and costly to connect
to power grids. Wind power offers a practical alternative provided key
challenges are met, which include the high up-front investment costs,
difficulties in accessing finance, and the need to attract private
sector participation.
By 2020, ADB estimates that small wind power systems will serve at
least 2.5 million poor people and avoid about 1.25 million tons of
carbon dioxide emissions a year. The technical assistance work will
examine ways to overcome current hurdles, paving the way to replicate
and scale-up deployment of small wind power systems around the region.
It aims to develop financing mechanisms that can boost the viability
of small wind power systems, including financial leasing and the
mobilization of grant assistance.
It will also examine public-private partnerships and
build-operate-transfer models, along with ways of utilizing carbon
credits, to boost the feasibility and sustainability of wind power.
“The technical assistance will explore innovative approaches to
reduce costs of wind power equipment, reshape financing instruments,
encourage public-private partnerships, displace uses of biomass and
fossil fuels, and strengthen the capacity of national and local groups
to implement and maintain renewable energy and electricity access
projects,” said, ADB’s Private Sector Operations Department Senior
Investment Specialist Kangbin Zheng.
Pilot activities will be carried out in remote mountainous
communities, deserts and grasslands, and ocean islands, which will
provide models for replication in similar areas.
Policy recommendations will be provided to developing member
countries on the transfer of low carbon technologies and creation of
regulatory and business environments to maximize the use of wind and
other renewable energy.
The technical assistance will help boost regional cooperation for
developing clean energy solutions, and reinforce broader actions
designed to mitigate the negative impact of global warming and climate
change. |