The Government of Bangladesh has approved to construct a 200MW solar project in cooperation with SunEdison Energy Holding (Singapore). SunEdison will perform project development in the Teknaf sub-district, Bangladesh.
Bangladesh aims to install 3,168MW of renewable energy generations by 2021, representing 10% of its nationwide electricity generation. By the end of 2015, the generation share from renewable energy will be 5%. To reach the goal, the Government of Bangladesh aims to add 1,740MW of solar power and 1,370MW of wind energy capacity by the due year.
At present, the daily power generation in Bangladesh is around 7,000MW, yet the daily peak demand is up to 8,500MW, said CleanTechnica. Therefore, it is necessary for the government to add more generation capacity to meet the power demand. Adopting renewable energy is part of the plan, and the country is also importing, or plans to buy, electricity from neighboring nations such as India and Bhutan.
The 200MW solar project is also part of Bangladesh’s solar target. The project takes about 18 month to build and will be one of the nation’s largest solar power projects when being completed. The project will also enjoy a US$0.17/kWh tariff, which is less than electricity price of oil-based power resource in Bangladesh.
Earlier this year, SkyPower Global announced to invest approximately US$4.3 billion in building 2GW of solar power capacity in Bangladesh over the next five years.