The support includes loans, guarantees, and letters of credit aimed to overcome constraints to private sector investment in the renewables sector.
The ADB says the Pacific Renewable Energy Programme will support an estimated 5 separate renewable energy projects in its Pacific developing member countries over a 5 year period.
"The program will help to build urgently needed capacity for energy sector expansion and private sector interest in clean energy projects in the region," said the Director General of the ADB's Pacific Department Carmela Locsin
