China’s Huawei has partnered with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to deploy rooftop PV on top of 4,000 apparel factories.
The central bank of Bangladesh issued a new policy on green bond financing this week for banks and financial institutions that provide low-cost, long-term loans for renewable energy.
Rising fuel prices in Bangladesh have forced the government to shut down a number of diesel-run power plants, in order to cut spending of the nation’s foreign-currency reserves.
Pacific Jeans Group has started generating solar power at one of its factories, in line with its plans to generate 33 MWh solar power per day on the rooftops of 10 plants by 2025.
Infrastructure Development Co. (IDCOL), a Bangladeshi state infrastructure investor, has secured €80 million ($81.4 million) of loans from Germany’s KfW Development Bank to help companies to install solar plants and solar irrigation pumps.
Joules Power has said the $22 million PV project will be built on land which is submerged for most of the year and will breed fishes. The project is set to be completed in December 2023.
Summit Power said it aims to set up a 50 MW floating solar plant on a body of water at the Barapukuria coal power plant in northwestern Bangladesh.
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