The affordable public financing packages on offer for solar rooftops are attracting developers who have clients happy to lease out roofspace without any capital outlay in order to secure cheaper power.
Visitors to this year’s Solar Bangladesh Expo have called for the implementation of quality standards on solar imports – action which the government is currently pursuing – with one industry insider rubbishing Indian-made products.
The German project developer beat rival Scatec Solar to land the contract for a facility which will sell solar electricity to the Bangladeshi government for $0.1094/kWh for 20 years.
The authorities expect to add 300 MW of rooftop solar in the next four years thanks to net metering regulations and hope the nation’s extensive clothing and textile industry will be encouraged to adopt PV.
The new generation facility was financed by the Asian Development Bank and built by Chinese company ZTE Corp. The project will sell power to the grid for $0.065/kWh, a record low for solar in the country.
The two nations are due to sign an MoU today to set up the capacity in the north of Bangladesh along with 50 MW of wind power facilities in the south, near the port of Payra. China will supply an estimated $500m with the host nation freeing up land for the projects.
A consortium led by Metito Utilities, JinkoPower and Al Jomaih Energy and Water has won a tender to build a 45-55 MW grid-tied solar plant with a bid of $0.0749/kWh — the lowest ever seen in Bangladesh.
The cash injection will itself help provide affordable financing for solar and other renewables projects in the power hungry south Asian nation. The national railways operator is doing its bit for solar too.
The second part of our hidden champions series head to Bangladesh, where rapid industrialization is driving increased electricity demand. Already a major off grid market, Bangladesh is seeing increasing interest from international investors and is taking the first steps toward realizing its formidable potential for large scale solar installations.
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