Renewable Energy StoriesRenewable Energy Stories
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Facebook Twitter Instagram
India Edition | South East Asia Edition
Facebook Twitter LinkedIn
Renewable Energy StoriesRenewable Energy Stories
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Renewable Energy StoriesRenewable Energy Stories
Home » ADB Finances First Private Sector Solar Project In Bangladesh
Solar News

ADB Finances First Private Sector Solar Project In Bangladesh

By Chitrika Wed, May 1st, 2024
Qatar Takes Bold Steps Towards Green Economy and Sustainability
Qatar Takes Bold Steps Towards Green Economy and Sustainability
Share
Facebook Twitter LinkedIn Pinterest Email

The Asian Development Bank (ADB) recently signed a $121.55 million financing package with Dynamic Sun Energy Private Limited. This collaboration is undertaken to build and operate a 100-megawatt (MW) grid-connected solar photovoltaic power plant in Pabna, Bangladesh. The plant is the country’s first private sector utility-scale solar facility to secure support from global financiers.

ADB arranged, structured, and syndicated the debt package as the sole mandated lead arranger and bookrunner. The financing package comprises a $46.75 million loan from ADB, a syndicated B-loan of $28.05 million from ILX Fund I, an Amsterdam-based emerging market private credit fund focused on supporting the Sustainable Development Goals with ADB as lender of record, and a syndicated parallel loan of $46.75 million from the Japan International Cooperation Agency.

“As Asia’s climate bank, ADB welcomes the opportunity to support renewable energy in Bangladesh, where obtaining long-term financing for such projects is a challenge,” said ADB Private Sector Operations Department Director General Suzanne Gaboury. “This partnership exemplifies our lead role in mobilizing financing for clean energy facilities and stimulating further investment in sectors where it’s needed the most.”

The solar power plant will generate 193.5 gigawatt-hours of electricity annually and avoid 93,654 tons of carbon dioxide emissions annually. “We are delighted to secure financing for one of the largest private sector solar projects in Bangladesh to date, with the support of international lenders led by ADB,” said PT Managing Director Shakhawat Hossain, “Partnering with an internationally reputable financial institution such as ADB affirms PT’s dedication to sustainability and marks a significant stride in our journey towards sustainable growth.”

DSE is owned by Paramount Textile PLC (PT), one of the largest woven textile manufacturers in Bangladesh, which also operates several power plants. PT manufactures high-quality yarn-dyed and printed woven fabrics using a wide range of yarns, modern weaving technologies, and print types. PT was publicly listed on the Dhaka and Chittagong stock exchanges in 2013.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

ADB Bangladesh Private Sector Shakhawat Hossain Solar Project Suzanne Gaboury
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Chitrika

Related Posts

N2OFF Backs BESS Addition to 115 MWp Solar Project in Germany

September 11, 2025

Scientists Boost Perovskite-Silicon Solar Cells To 33.1% Efficiency

September 10, 2025

ADB, ACWA Ink $51Mn Loan For Uzbekistan Wind-BESS Project

September 8, 2025

Leave A Reply Cancel Reply

19 + 1 =

Latest News
  • N2OFF Backs BESS Addition to 115 MWp Solar Project in Germany
  • Scientists Boost Perovskite-Silicon Solar Cells To 33.1% Efficiency
  • ADB, ACWA Ink $51Mn Loan For Uzbekistan Wind-BESS Project
  • Saudi Arabia Breaks Battery Storage Cost Barriers with $73-75/kWh Milestone
  • Kazakhstan, AIIB Ink $6 Bn Green Energy & Infrastructure Pact
Solar News

N2OFF Backs BESS Addition to 115 MWp Solar Project in Germany

September 11, 2025

Scientists Boost Perovskite-Silicon Solar Cells To 33.1% Efficiency

September 10, 2025

ADB, ACWA Ink $51Mn Loan For Uzbekistan Wind-BESS Project

September 8, 2025

ACWA Power, Syria Ink Deal to Develop 2.5 GW Solar, Wind Projects

September 5, 2025
ADVERTISE WITH US

We are the no.1 B2B solar media in India. With SaurEnergy, you have a full menu of options to pick from to reach the largest audience for your products and services.

To get in touch, contact us at info[at]saurenergy.com

Or Call at 9891147599 / 8802315631

Facebook Twitter Instagram YouTube LinkedIn WhatsApp
Latest News
  • N2OFF Backs BESS Addition to 115 MWp Solar Project in Germany
  • Scientists Boost Perovskite-Silicon Solar Cells To 33.1% Efficiency
  • ADB, ACWA Ink $51Mn Loan For Uzbekistan Wind-BESS Project
  • Saudi Arabia Breaks Battery Storage Cost Barriers with $73-75/kWh Milestone
  • Kazakhstan, AIIB Ink $6 Bn Green Energy & Infrastructure Pact
SAURENERGY NEWSLETTER

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

    [mc4wp_checkbox]

    © 2025 Saurenergy International.

    Type above and press Enter to search. Press Esc to cancel.

    Newsletter Subscription

      [mc4wp_checkbox]