IIX – a global organization dedicated to building a more inclusive world through innovative finance and support for high-impact enterprises – announced their first Bangladesh investment from the IIX Growth Fund, into off-grid solar energy firm SOLshare.
The future of energy starts in Bangladesh. After having established the world’s first peer-to-peer solar energy grid in 2015 in a remote area of Bangladesh, the home to the world record of 5 million installed solar home systems throughout the country, SOLshare is now poised for more.
Bangladesh is to receive a $20 million loan from an Asian Development Bank Power System Efficiency Improvement Project together with an additional $25.44 million in grant financing to spur off-grid solar photovoltaic pumping for agricultural irrigation.
Chemicals Business, SCG, pushed forward its floating solar solution project, signing a Memorandum of Understanding agreement with Electricity Generating Authority of Thailand to work collaboratively in research and development of mooring system for floating solar farm in EGAT’s reservoirs and dams.