Energy recovery from waste projects have received a $100 million (£81.5m) boost in the People’s Republic of China (PRC).
The Asian Development Bank (ADB) has signed agreements with 10 commercial banks to support Dyanagreen Environmental Protection Group’s waste to energy projects.
At least nine plants are expected to be built, generating around 610GWh of electricity a year by 2018.
They will help reduce greenhouse gas emissions as well as soil and groundwater contamination.
Diwakar Gupta, ADB’s Vice President for Private Sector and Cofinancing Operations said: “The agreement signed today will improve solid waste management in PRC’s smaller cities and also increase energy generation from renewable sources to help diversify the country’s energy mix.”
Earlier this year, China got its first commercial energy storage system.