U.K. developer Lightsource BP – in which oil and gas giant BP has a significant minority stake – and its Singapore fund partner EverSource Capital are reportedly ready to take up all the $100 million slice of Ayana Renewable Power which is being put up for sale.
Through the procurement, the Bangladesh Power Development Board is seeking developers for the construction of grid-connected solar power plants on a build, own, operate basis.
The joint venture with agro business Anand Group would see the project installed at the northern fringe of the nation’s grid network and would represent a sizable leap forward in a country where the largest PV scheme has a 20 MW capacity.
With electric three-wheelers operating in the nation’s rural areas, it is hoped registering them will help encourage wider adoption.
With the nation’s net metering regime up and running for industrial generators, the government is trying to drum up interest and wants another 600 customers signed up by June, with the help of a soft loans program.
Backing from the Asian Development Bank will help a 50 MW project get off the ground – and onto the water – in Chittagong, and a developer has been lined up to install solar on a stretch of the Padma river.
Bangladesh-based Independent Power Producer (IPP) Joules Power Ltd (JPL) will install a 100 MW solar farm in the south eastern Chandpur district.
Bangladesh announced plans to install around 1.6 GW of solar capacity until 2021 to meet its growing energy demand. The 28 MW site is the first large-scale project to go online.
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