Md Nahiduzzaman, business development lead for the company, told pv magazine the solar system will be installed on a site which will produce fish as well as agricultural products including mushrooms, which will grow in the shade of the panels.
The grid-connected site in Bangladesh’s northern district of Mymensingh will cost around $22 million, according to the company, which is owned by Bangladeshi conglomerate Expo Group.
Nahiduzzaman said the company expects to start construction in January and complete the site in December 2023.
The developer had backing from the World Bank-financed Investment Promotion and Financing Facility II for its first, 20 MW solar site in Bangladesh.
With lease agreements signed with landowners, Joules Power recently invited expressions of interest to complete a detailed feasibility study, design drawing, initial environmental examination, environmental impact assessment, and social impact assessment for the project. The tender deadline is August 21.
Government body the Bangladesh Economic Zones Authority has tendered for solar across a 30,000-acre site at the nation's largest industrial zone, Bangabandhu Sheikh Mujib Shilpa Nagar, in the Feni district.
Applicants for the tender must prepare a technical, financial, legal, environmental, and social feasibility report and recommend suitable land and a bankable public-private partnership contract structure.
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