The Asian Infrastructure Investment Bank (AIIB) will provide Bangladesh with $200 million in long-term credit to finance a range of infrastructure projects in the country, including renewable energy expansion. The loan has a repayment period of 18 years, including a five-year grace period.
Bangladesh's current renewable energy capacity is 787 MW, of which 553 MW is solar. The country aims to have a 40% share of electricity generation from renewable sources by 2041.