Some 15% of the finance disbursed must fit the wider definition of being ‘sustainable’ and banks and other lenders have been warned penalties will be applied for non compliance.
The facility was jointly funded by the Asian Development Bank and German state development lender the KfW.
The proposal includes 1 GW of solar farms on an army training base island in the estuary of the Meghna river.
The most ambitious scenario fleshed out in a draft National Solar Energy Action Plan includes 16 GW of project capacity at large scale ‘solar hubs’ but actions will speak louder than words in a nation set to fall short of its current clean energy target.
Raach Solar and its Power Utility Bangladesh Ltd local partner have landed two contracts to supply more than 700 pumps in the north-western Bogra district, with the Asian Development Bank footing the bill.
In the wake of recent reports highlighting a global lack of clean-energy skills training, the country’s Sustainable and Renewable Energy Development Authority has said it will work with private companies to set up vocational courses.
Hero Future Energies wants to make India’s first contribution to grid scale solar in its northeastern neighbor. Plans for a 100 MW plant have been stymied by the power evacuation equipment available at the Khulna site.
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