Bangladeshi banks can invest in Islamic green bonds
The nation’s central bank this week said the special funds built up by domestic lenders to maintain stock market liquidity could be used to purchase sharia-compliant ‘sukuk’ green bonds which made their debut last month.
Singapore’s Cyclect Energy set to install 50 MW PV plant in Bangladesh
Singapore’s Cyclect Energy Pte Ltd is on track to receive approval for the installation of a 50 MW solar PV power plant in Bangladesh’s Chuadanga district in the western part of the country.
Hero Future Energies secures India’s first deal for large scale solar in Bangladesh
The Haryana-based renewables company, which is part of a bike and motorbike manufacturing conglomerate, will be paid $0.1025/kWh by the Bangladeshi government for the electricity that will be generated by a 50 MW plant in Khulna district, with the power purchase deal running for 20 years.
China holds the key to cancelling half the world’s new coal project plans
With pressure mounting on the world’s governments to turn their back on the fossil fuel, China and peers in South East Asia, Europe and South Asia could help deliver a coal-free future at the COP26 climate summit planned in Glasgow in November.
Bangladeshi steelmaker launches tender for 10 MW PV project
GPH Ispat will build a solar plant on an artificial lake that is used to harvest rainwater, with panels to also be deployed on lakeside hills and the rooftops of the company’s main factory and offices.
Restoration of full customs duties for inverters hits Bangladeshi solar sector
The tax and duty rate levied on imported inverters leapt 26% in July after the authorities in Dhaka removed a dispensation from full rates that had been applied to the products.
‘The chance to reset with a green recovery has now been lost’
Norwegian consultancy DNV today published the latest of its annual surveys of the state of the energy transition and lamented the fact so very little has been achieved during the last five years. We are forging ahead into a world that will be 2.3C hotter this century, predicts the report.
Bangladesh prepares fresh $50m solar home system roll-out
A government spending committee has approved the deployment of 80,000 home solar panels in the mountainous districts of Chittagong.
Combining big floating solar with hydropower
Scientists in Bangladesh have evaluated how a 50 MW floating PV plant could be integrated with the 230 MW Karnafuli Hydroelectric Power Station, located at the Kaptai Dam on the Karnaphuli River. They found that the two energy sources can be perfectly optimized and that PV can compensate for the reservoir’s shortage of water storage during the winter season while hydropower can compensate for the poor yields of the floating array during the monsoon season.
France provides €50m for green SME investment in Bangladesh
Countryside SMEs, and particularly women entrepreneurs, will be among the first in line to receive loans to finance up to 70% of their clean energy investments.
