IDCOL wins the Karlsruhe Sustainable Finance Award 2014 in the category of 'Best Innovation in Sustainable Products and Services' for successful dissemination of solar home systems (SHS) in Bangladesh. IDCOL has been honored for its efforts in applying innovative approaches to promote a low carbon and sustainable economy. Mr. Enamul Karim Pavel, Head of Renewable Energy, IDCOL and Mr. Nazmul Haque, Director (Investment) & Head of Advisory, IDCOL have received the award in a prestigious ceremony that took place in the City Hall, Karlsruhe, Germany on 12 June 2014. Till May 2014, more than 3.1 million solar home systems have been installed under IDCOL SHS program, providing clean energy solution to about 14 million off-grid rural people of Bangladesh. The Program has contributed towards creation of more than 70,000 jobs, power generation of 140MW, development of local support industries and annual CO2 emission reduction of more than 538,000 tons.