Bangladesh launches $123 million fund to expand rooftop solar
The new fund will offer concessional loans for rooftop and industrial solar as Bangladesh targets 4 gigawatts of new capacity by 2027.
Bangladesh has established a $123 million fund to finance rooftop solar and other renewable energy projects as the country works to address ongoing power shortages. The Finance Division created the fund by reallocating money from this fiscal year's development budget, and the government is seeking additional financing from the Asian Development Bank, the Japan International Cooperation Agency, and the World Bank to support the effort.
The fund will offer concessional loans for renewable energy projects at the residential, institutional, and industrial levels, distributed through three organizations: Infrastructure Development Company Ltd., Bangladesh Infrastructure Finance Fund Ltd., and the Palli Karma-Sahayak Foundation. Eligible projects include net-metered rooftop systems, solar home systems, industrial solar arrays, and solar irrigation pumps, whether newly installed, expanded, or upgraded.
The push is part of Bangladesh's goal to deploy 4 gigawatts of rooftop solar capacity before summer 2027, and its broader Renewable Energy Development Policy 2026-2030, which targets a 20% share of renewables in the country's electricity generation mix by 2030. Bangladesh currently operates 1,852 megawatts of renewable capacity, including 1,473 megawatts of solar installations.
Based on reporting by Syful Islam for PV Magazine. Read the original: https://www.pv-magazine.com/2026/09/17/bangladesh-launches-123-million-rooftop-solar-fund/
This article was produced with the assistance of AI tools and reviewed by an editor before publication.
