The new projects, to be implemented by Druk Green Power Corporation, will contribute to climate action, helping Bhutan to strengthen its energy security and increase the use of renewable energy. The new EIB financing will support the installation of an estimated 310 MW of hydropower and solar power generation capacity.
Project Goals and Approach to Transformational Change: The project aims to install 30 MW of solar PV and strengthen the regulatory environment to accelerate Bhutan's renewable energy market, fully realising its solar energy plan of 1000 MW as planned by the government in the current five-year plan (2024-2028).
The first-ever EIB project in Bhutan, one of just three net carbon-negative countries in the world, supports new solar photovoltaic and hydropower schemes under the EU's Global Gateway initiative. The 30-year loan for €150 million will unlock an estimated 310 MW of new renewable energy generation to serve communities in remote regions.
EIB framework loan to finance hydro power plants (expected in the range of 25 - 75 MW) and solar PV plants in Bhutan. The European Investment Bank (EIB), the world's largest multilateral bank and leading global financier of renewable energy, signed its first-ever investment support for Bhutan today.
It is against this backdrop that the Alternative Renewable Energy Policy (AREP), 2013 was launched which envisions a combined renewable energy target of 20 megawatts (MW). This includes
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Bhutan, often called the "Land of the Thunder Dragon," isn''t just rich in hydropower—it''s now betting big on energy storage systems (ESS) to stabilize its grid and expand renewable energy access.
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The integrated solution of solar PV, energy storage, and EV charging organically combines three systems—photovoltaic generation, energy storage, and electric vehicle charging—through either AC
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The project consists in a framework loan to finance new solar photovoltaic (PV) and hydroelectric power plants (expected in the range of 10 - 100 MW) in Bhutan.
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The projects we finance make people''s lives easier - from modernizing the rail fleet in Bangladesh, to providing cheaper, cleaner energy to western Nepal. In Asia, we have chosen to focus our lending on
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The project will finance the construction of one solar photovoltaic (PV) power plant located in central-west Bhutan with a minimum total capacity of 17.38 megawatt peak (MWp).
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It is based on the analysis of a pilot project covering 361 households in rural areas of Bhutan. A mix of qualitative and quantitative methods is applied, which captures the multi-disciplinary
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The first-ever EIB project in Bhutan, one of just three net carbon-negative countries in the world, supports new solar photovoltaic and hydropower schemes under the EU''s Global Gateway
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The project will establish a Green Financing Framework to facilitate access to investment capital for private Energy Service Companies (ESCOs), with a focus on small and medium-sized enterprises,
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Bhutan revels in achieving 2,450 MW of hydropower generation capacity and about 3 MW solar and wind energy. This diverse energy mix supports a greener future while preserving Bhutan''s natural
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