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.
Bangladeshi apparel makers opt for rooftop solar
More than 500 factories have registered to make their manufacturing facilities more eco friendly in the garment exporting powerhouse and the nation’s net metering rules offer an obvious step in the right direction.
50 MW PV plant ready to connect in Bangladesh
A 50 MW PV project, located in northern central Bangladesh’s Mymensingh district, has begun supplying electricity to the national grid. Full commercial operations for the plant are expected to begin in January.
US developer Eleris plans 2.2 GW of solar in Bangladesh
The proposal includes 1 GW of solar farms on an army training base island in the estuary of the Meghna river.
Bangladesh plans to attract EV manufacturers
The government has drafted an industrial policy to try and attract electric vehicle production lines, and even solar-powered car producers, to the country.
Water-based cooling technique for photovoltaic-thermal systems
The novel technique consists of a PVC pipe with 20 holes that is placed on the top of a PV module and is able to maintain a constant discharge of water. It was demonstrated on an experimental photovoltaic-thermal PV system in which the PV panel was not integrated with the solar collector but connected to it via pipes.
Bangladesh outlines plan for up to 40 GW of renewables in 2041
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.
German company scores $9m solar pump order in Bangladesh
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.
