RECPDCL Invites Bids for 223 MW ISTS-Connected Solar Projects

Clean Energy Tech Firm Ecozen Raises $30 Million for Global Expansion

SJVN Green Energy Invites Bids to Source Land for 200 MW Solar Projects in Assam

Avaada Inks ₹45 Billion Refinancing Deal for Four Solar Projects in Rajasthan

Daily News Wrap-Up: Application Process for ALMM Inclusion and Renewal

Australia Adds 5.9 GW of Renewable Capacity to the Grid in 2023

POWERGRID Wins Contracts to Evacuate 18 GW of Renewable Energy

MNRE Seeks Feedback on Guidelines for PM-Surya Ghar Rooftop Solar Program

Apple Partners with CleanMax to Power India Operations with Renewable Energy

Explainer: Application Process for ALMM Inclusion and Renewal

<p>A consortium of ib vogt and AG Agro Industries have won a contract to develop a 50 MW grid-tied solar project in the Chittagong district of Bangladesh.</p>
<p>The company is expected to enter into a power purchase agreement (PPA) with the Bangladesh Power Development Board (BPDP) for 20 years. The project will be developed on a build, own, and operate basis (BOO).</p>
<p>Further, BPDB is expected to procure the power at a tariff of $0.1094/kWh under the condition of ‘no electricity, no payment.’</p>
<p>Renewable energy in the form of biomass is the main source of primary energy in the country, comprising about 35-60% of total primary energy use.</p>
<p>Furthermore, Bangladesh aims to install 2.47 GW of renewable energy projects by 2021. A significant amount of this capacity will be developed through solar and wind projects. This year, the World Bank <a href="https://mercomindia.com/world-bank-loan-renewable-projects-bangladesh/" target="_blank" rel="noopener noreferrer">approved</a> a $185 million loan to facilitate 310 MW of renewable energy generation capacity in Bangladesh to meet the growing demand for electricity in the country.</p>
<p>In <a href="https://mercomindia.com/bangladesh-tenders-50-60-mw-solar-projects/" target="_blank" rel="noopener noreferrer">February 2019</a>, BPDB announced a tender for 50-60 MW of grid-connected solar PV projects at Rangunia, Chattogram. The projects would be developed on a build-own-operate (BOO) basis for 20 years.</p>
<p><a href="https://mercomindia.com/bangladesh-issues-tender-200-mw-solar-projects/" target="_blank" rel="noopener noreferrer">In July 2018,</a> <a href="http://www.bpdb.gov.bd/bpdb/" target="_blank" rel="noopener noreferrer">BPDB</a> had tendered 200 MW of solar PV projects to be developed across select locations in the country. <a href="https://mercomindia.com/power-purchase-agreement-200-mw-solar-project-signed-bangladesh/" target="_blank" rel="noopener noreferrer">Last year</a>, BPDB also entered a 20-year PPA with Teesta Solar Limited, a sister concern of <a href="http://www.beximco.com/" target="_blank" rel="noopener noreferrer">BEXIMCO Group</a>, to procure 200 MW of solar electricity.</p>
<p>Bangladesh has become an attractive investment destination for solar projects in the Indian subcontinent.</p>
<p><a href="https://mercomindia.com/iix-global-invests-offgrid-solar-bangladesh/" target="_blank" rel="noopener noreferrer">In October 2018</a>, <a href="https://iixglobal.com/" target="_blank" rel="noopener noreferrer">IIX global</a>, a Singapore-based organization, announced an investment of $1.66 million under Series A round from the IIX Growth Fund, into off-grid solar energy firm SOLshare in Bangladesh.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/shaurya-bajaj/" class="vcard author" rel="author"><span class="fn">shaurya</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><span style="font-family: Calibri"><span style="color: #000000"><span>Shaurya is a staff reporter at MercomIndia.com with experience working in the Indian solar energy industry for the past four years in various roles. Prior to joining Mercom, Shaurya worked with a renewable energy developer and a consulting company. Shaurya holds a Bachelors Degree in Business Management from Lancaster University in the United Kingdom. </span></span></span></p>
</div></div><div class="clearfix"></div></div></div>

Bangladesh to Develop 50 MW of Solar Power Projects

ag-agro-industries

Get the most relevant India solar and clean energy news.

RECENT POSTS