Dhaka, July 4 -- Bangladesh must restore regulatory certainty and reinforce investor assurances to regain investor confidence and unlock essential funding for its renewable energy ambitions, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).
Under its updated Renewable Energy Policy, the country aims to generate 20 per cent of its electricity from renewable sources by 2030, rising to 30 per cent by 2040.
To meet these targets, IEEFA estimates Bangladesh will require between $933 million and $980 million in annual investment until 2030. Thereafter, annual investment needs are projected to increase to between $1.37 billion and $1.46 billion through to 2040.
IEEFA has urged Bangladesh to proact...