The 30-year loan for €150 million will unlock an estimated 310 MW of new renewable energy generation to serve communities in remote regions. This expansion of Bhutan's solar photovoltaic capacity will help overcome hydropower challenges during the dry season. Why Bhutan is Prioritizing Energy Storage Subsidies Bhutan, often called the. . The €150 million thirty-year loan will increase renewable energy generation throughout the year and support Bhutan's efforts to meet its ambitious Nationally Determined Contribution target of permanent carbon neutrality. The financing will back the construction of small to mid-size run-of-the-river. . DGPC's business model is built on a foundation of hydropower assets for an effective and optimal utilisation of the abundant water resources to develop water-to-wire expertise amongst the Bhutanese, and to lead in accelerating hydropower development on its own or through joint ventures in keeping. . 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. This will be the first utility scale alternative renewable power plant in the country and the first step to diversify the. . Bhutan's RE Master Plan (2017-2032) identifies 39,462 MW of potential small hydropower, solar, and wind projects, underscoring the country's commitment to clean energy. The project directly supports the implementation of this Master Plan.
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