Asian Development Bank powered 100% by renewable energy

The headquarters of the bank that promotes social and economic progress in the Asia-Pacific region is now being powered fully by renewable energy sources. The Asian Development Bank (ADB), headquartered […]

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By Priyanka Shrestha

The headquarters of the bank that promotes social and economic progress in the Asia-Pacific region is now being powered fully by renewable energy sources.

The Asian Development Bank (ADB), headquartered in the Phillipines, is now meeting all of its electricity needs generated by geothermal plants and an onsite solar power plant (pictured).

It signed an agreement with AdventEnergy, which will see it purchase an average of 1.5 million kWh of electricity every month and will be supplemented by around 50,000 kWh generated by the solar panels.

ADB expects to cut its annual carbon footprint by nearly 50%, with an emissions reduction of more than 9,500 tons of carbon equivalent.

Bruce Davis, ADB’s Vice President said: “As an institution we are strongly committed to expanding the use of renewable energy across Asia and the Pacific so it is only fitting that we walk the talk in our own headquarters.”