Bangladesh establishes $123 million rooftop solar financing fund

Type: Financing · Technology: Solar · Country: Bangladesh · Capacity: 4 GW · Value: $123M · Announced: 2026-09-17

Bangladesh has established a $123 million fund to finance rooftop solar and other renewable energy projects, reallocating money from the development budget for the current fiscal year. The Power Division is also seeking additional financing from development partners including the Asian Development Bank, Japan International Cooperation Agency, and the World Bank. The government aims to deploy 4 GW of rooftop solar capacity before next summer. The new fund will provide concessional loans for renewable energy projects at the residential, institutional, and industrial levels. Infrastructure Development Company Ltd. (IDCOL), Bangladesh Infrastructure Finance Fund Ltd. (BIFFL), and Palli Karma-Sahayak Foundation (PKSF) will distribute the funds. The Renewable Energy Development Policy 2026–2030 targets a 20% share of renewables in Bangladesh's electricity generation mix by 2030, with rooftop solar expected to support the expansion.

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