Bhutan: Supporting reliable, green energy for communities
This expansion of Bhutan''s solar photovoltaic capacity will help overcome hydropower challenges during the dry season. The European Investment Bank (EIB), the world''s largest
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.
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.
While hydropower provides a reliable source of growth, other renewable energy technologies, including solar photovoltaic, offer ways to diversify Bhutan's electricity mix and increase resilience to changing seasonal extreme weather patterns that can adversely affect hydropower supply.
The financing will back the construction of small to mid-size run-of-river hydropower plants and solar photovoltaic generation to help the Bhutanese government diversify the country's power mix.
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