ADB leads $121m financing for private solar project in Bangladesh

The Asian Development Bank (ADB) has signed a $121.55 million financing package with Dynamic Sun Energy (DSE) Private Ltd to build and operate Bangladesh’s first private sector utility-scale 100-megawatt grid-connected solar power plant in Pabna. ADB arranged and syndicated the debt package, mobilizing financing from global lenders. The solar plant will generate 193.5 gigawatt-hours of electricity annually and avoid 93,654 tonnes of carbon dioxide emissions per year.