Clean energy has been a clear focus of NDB’s operations since the inaugural approvals in 2016. In the period 2016-2020, the Bank approved 15 clean energy projects. At end-2020 the Bank’s portfolio ... included 14 projects totalling USD 3.5 billion (14% of the portfolio), which are expected to increase renewable energy capacity in 2,800 MW across member countries.
As envisaged by SGD 7, addressing the clean energy challenge entails ensuring access to affordable, reliable, sustainable and modern energy for all. It is also one of the core aspects of the energy transition and the commitments by United Nations’ members in the Paris Agreement.
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