Renewables authority official tells pv magazine the nation’s irrigation canals could host almost 1 GW of solar generation capacity.
Industry figures indicate the expansion of the Bangladeshi grid is hitting demand for the solar home systems which have traditionally generated power for homes formerly out of reach of the electricity network.
The Chinese inverter maker’s EPC unit has tied up the deal to build the plant being developed by Spectra Solar Park in the Manikganj district.
A delegation from the Asian Development Bank recently paid a visit to the South Asian country to assess the prospects of floating PV in a nation that suffers from a general lack of land upon which to develop new renewable energy projects.
The government has set a very low bar of achieving just 10% of its electricity supply from renewables as it tenders for consultants to advise it on how to incorporate intermittent generation into the national grid.
Officials in Dhaka frustrated by the lack of progress on several PV projects have decided to punish tardy developers by setting new power prices which reflect the falling costs of solar project development.
Firming up the payment system for solar energy exported back into the grid from PV-powered pumps will offer owners a new revenue stream, eat into a $1 billion annual diesel fuel bill and reduce strain on the grid by up to 1.5 GW daily during the agricultural season.
PV manufacturers receive 10% of the value of their exported products as an incentive and the nation’s central bank has extended the program to cover this financial year. Bangladesh’s solar manufacturers have called for more, however, and point to more generous schemes to the west.
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