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.
The large-scale solar plant is set to be built in Chandpur, in the Chittagong Division of Bangladesh.
With only a few MW of installed capacity and no supportive policies on the books, a global solar developer could be forgiven for overlooking Bangladesh as a growth opportunity. However, research indicates there is strong market potential, particularly for the C&I solar sector.
The international solar alliance framework agreement receives 15 ratifications, as the Republic of Guinea becomes the 15th country to do so. The founding ceremony of ISA is scheduled for December 08, 2017 in Greater Noida, India.
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