Scaling-up Renewable Energy Program (SREP) Investment Plan for Bangladesh

DHInfrastructure is pleased to announce that the renewable energy investment plan we prepared with the Government of Bangladesh has been approved by the Scaling Up Renewable Energy Program (SREP) sub-committee of the Climate Investment Funds, securing $75 million—the largest SREP commitment to date—for renewable energy investment in Bangladesh. The SREP funds are expected to leverage an additional $650 million in financing from the Government, development partners (the World Bank, International Finance Corporation and Asian Development Bank), and the private sector. This funding will be transformational for Bangladesh, launching an aggressive drive toward the integration of renewable energy generation into the grid, and a continued expansion of the off-grid electrification programs with which Bangladesh has had so much success in the past. The complete investment plan can be viewed here.