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The World Bank has offered to loan the Bangladeshi government $78.4 million in order to finance 480,000 solar home systems. This huge solar home systems project aims to install about 7,000 photovoltaic systems in Bangladesh every month. If it achieves this rate, it will be the largest of its kind in the world.
There are already 3 million home solar systems in the country, and they were installed because the World Bank provided the support. “Together, the government of Bangladesh and the World Bank is scaling up a program that delivered development results for millions of rural Bangladeshis This is a proven model that works. Investing in electricity in rural areas empowers both men and women, leading to increased income and growth opportunities, and reducing poverty,” said acting head of World Bank Bangladesh, Christine E. Kimes.
Nearly 60% of the Bangladeshi people do not have access to grid-connected electricity. The government has set a goal of 100% citizen access by 2021. Millions of people’s lives have been impacted in Bangladesh because of the addition of more solar PV power.
