Bangladesh reallocates USD 123 million from development budget to rooftop solar loans
Bangladesh's finance ministry has carved a Tk1,500 crore, or USD 123 million, pot out of the current fiscal year's development budget to bankroll concessional loans for rooftop solar and other renewable projects, pv magazine reported. Households, institutions and industrial sites can draw on the facility to install renewable energy systems, including rooftop panels.
The government is chasing 4 GW of rooftop solar capacity before next summer, and wants renewables to cover 20% of national electricity demand by 2030.
A parallel order from the Internal Resources Division on 16 September pared tax on industrial solar imports to a 1% customs duty and scrapped the 15% VAT and 2% advance tax that previously applied.
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