Bangladesh - one of the fastest growing economies in South Asia

20.12.2018 Category: News

Find out more about prices and other solar market details in our new solar market brief

Bangladesh has on average 4 - 4.5 peak sunlight hours a day and an average solar irradiation of 5 kWh/m2 per day. Increasing consumer electricity prices in Bangladesh could provide an opportunity for renewable Energy (RE) sources to compete with conventional energy sources. Current electricity prices from diesel or furnace oil-based plants cost around Tk 14-18/kWh (USD 17-21 cents/kWh). Although Bangladesh possesses great potential for the development of solar resources, in the last few years, most of the planned solar projects have experienced significant delays.

One of the main obstacles is to access suitable land at a reasonable price. Government stipulates that no agricultural land can be used for solar projects. Bangladesh is an agricultural society so acquiring non-agricultural land is difficult. Access to suitable sites for PV plants can be obtained by bidding or negotiating direct PPAs with customers. Bangladesh has been able to successfully commission two solar plants in the last five years. One is 20 MW plant at Cox's Bazar and a 3 MW plant in Sarishabari, Jamalpur.

Read more in the Suntrace Solar Market Brief Bangladesh.