Bond market to finance 230 MW solar projects in Bangladesh
Bangladesh-based Beximco Group has said it will raise nearly US$400 million in Islamic bonds to finance two solar PV power plants totaling 230 MW in the country’s northern districts.
UN calls on Bangladesh to put renewables first
As it prepares to lift the nation out of its list of the world’s least developed countries, the supranational body said the country should turn its back on coal and other fossil fuels.
Bangladesh moves to enforce solar equipment standards
The government will add modules and inverters to the list of imported products which must meet minimum standards. Charge controllers and batteries are already subject to such requirements.
New model to predict PV module cleaning cycles and resulting profits
A group of scientists in Bangladesh has developed a model to determine the optimal cleaning schedule for a PV installation at any location in the globe, requiring only the average insolation and soiling rate for a given site to make the calculation. The study also draws new conclusions regarding the influence of sandstorms and rain on soiling, and aims to be among the first studies to paint a global picture of soiling trends by region.
Bangladesh: New development plan targets ‘aggressive efforts’ in RE generation
The Bangladeshi government is focusing on the development of solar and wind power as it seeks to boost renewable energy generation in the country. Clean energy proponents say the strategy will lead to lower government subsidies for electricity generation.
Bangladesh forms $125 million fund for sustainable technology
The new financing scheme is aimed at helping factories to upgrade, acquire renewable energy-related machinery and technology and increase environment-friendly production in an effort to achieve sustainable development goals.
Bangladesh joins hydrogen energy race
The Bangladeshi government has launched a pilot hydrogen production project as part of its effort to reduce the country’s dependency on fossil fuels and accelerate the transition to clean energy.
IFC says green recovery could drive $2.5tn renewables market this decade
The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
Bangladesh mandates 2% of loans issued must be for green projects
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.
Bangladesh’s 35 MW Spectra Solar Park comes online
The facility was jointly funded by the Asian Development Bank and German state development lender the KfW.
