Market Opportunity for Renewables in Bangladesh
Bangladesh receives on average 3.5-4.5 peak sunlight hours a day with irradiation of 5 kWh/m2, with the South receiving maximum intensity.
According to the Bangladesh Power Development Board, the country has the potential to generate over 50 GW of renewable energy from sources like solar, wind, hydro, and biomass. Bangladesh has set a target to produce over 4 GW of RE by 2030, with solar power anticipated to contribute to half of the power generation.
Today, Bangladesh relies on natural gas to meet over 50% of its electricity requirement. With geopolitical issues resulting in increased costs of imported LNG, electricity prices are on the boil. This provides an opportunity for Solar to compete with conventional sources.
Current electricity prices from diesel or furnace oil-based plants cost around Tk 14-18/kWh (US$ 17-21 cents/kWh). Grid tariffs range from 7.5-9 taka/kWh for Industries.
||70% of sanctioned load
maximum upto 10 MW
|PPA with C&I allowed
|Operating lease model
|PPA with Discom
Renewable energy capacity addition is the most favourable option for Bangladesh’s power system which suffers from a hefty subsidy burden and overdependence on fossil-fuel imports. (Source: IEEFA)
Fourth Partner Energy’s Bangladesh Offerings
Ready to make the switch to renewable energy for your business?
Our team of experts will work with you to customise solar energy solutions for your business – our innovative financing options enables the Client to choose from Capex and Opex models, while we do all of the design, construction, commissioning and maintenance of your Solar asset. Our solutions will help you company save between 30-60% on power costs, while shrinking your Carbon emissions.
Chat with us today to learn more about how our sustainable solutions can transform your business.