Key findings from the report “Catalysing Renewable Energy Finance in Bangladesh” by IEEFA are:
-Bangladesh will require up to $980 million annually until 2030 to meet the goal set out in the Renewable Energy Policy 2025. Post-2030, the country will need up to $1.46 billion annually until 2040.
-Policy uncertainty, offtaker and currency risk, land acquisition challenges, and a downgraded sovereign rating may limit capital flows into the renewable energy sector in Bangladesh.
-A credit risk guarantee scheme, a dedicated green finance facility with scope for prefinance, and an import duty waiver on solar accessories can help accelerate the flow of finance for small-scale renewable energy projects.
-The country needs to create an enabling environment for investment in utility-scale projects through streamlined policy and regulations.
Access the report here
