9 January 2017 2017 10:03 AM GMT

Bangladesh Begins To Realise Solar Potential With 200MW Teknaf Solar PV Project

Bangladesh has begun to realise its immense solar potential and perhaps, also the associated challenges. Southern Solar Power Ltd, a Bangladesh-based subsidiary of the now-bankrupt US-based SunEdison is to build a solar power plant, within 18 months and will be the lead developer of the solar PV project. The project is the biggest ever solar-based electricity generation plant in Bangladesh and will be built at Teknaf in Cox’s Bazar, costing an estimated $300m.

China’s JINKO Solar, will implement the project with an engineering procurement contract and set it up on 1,000 acres of government approved land. The project is part of the Government’s strategic power objectives of reaching a target of 2,000MW, or 10 percent of overall capacity, generated from renewable sources by 2020. Several other projects that are grid-connected have been approved, however, with implementation – the Teknaf project is at the most advanced stage.

Once built, the Bangladesh Power Development Board (BPDB), who signed a power purchase agreement (PPA) with Southern Solar Power, will buy electricity from the plant for the national grid at $0.17 per kilowatt-hour. Local reports state that the PPA will last for 20 years, with a tariff set at the US$0.17/kWh, on a “no electricity, no payment basis”.

State Minister for Power and Energy Nasrul Hamid, Power Secretary Dr Ahmed Kaikaus, BPDB Chairman Khaled Mahmood and senior officials attended the signing ceremony.
Mr Hamid, said the government actively supports renewable energy as part of its strategic objectives and the plant will help the government achieve the target. In addition, he also pointed towards the future; “we also have a plan to set up a solar park with a 1,000MW capacity”, adding that the government is searching for appropriate locations, such as Gaibandha and Chittagong for the project.

However, Bangladesh’s Sustainable and Renewable Energy Development Authority (SREDA) has pointed to a shortage of available uncultivated land in the densely populated country as a significant obstacle to the building of large-scale, grid-connected solar plants, which need a substantial area of land for installation of solar panels. Therefore SREDA stated that the government’s policy is to set up plants in non-agriculture lands only, to keep food production unhampered. This means that in order to meet the 2020 objectives, rooftop solar could be a significantly larger part of the overall mix, with a greater emphasis on the potential of the rooftops of residential, commercial and industrial buildings.

Interestingly, market reports suggest that many Indian companies are considering setting up both large-scale solar PV projects and also rooftop solar PV projects in Bangladesh; sensing, perhaps no too late, the opportunities within a country with the world’s eighth highest population, mostly young and dynamic; and showing robust growth of 6.9% in 2016.

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Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

August 14th 2019
Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

August 12th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

March 24th 2019
Clean Energy: Most Competitive Source of New Power Generation in the Middle East

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August 10th 2018
Major Role For WorleyParsons’ Advisian On World’s Largest Solar Power Project

Noor Energy 1 has appointed Advisian, the global consulting firm of WorleyParsons, as Owner’s Engineer for the concentrating solar power (CSP) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The 700MW project will be the largest of its kind in the world and as an Owner’s Engineer, Advisian will protect the owner’s interests by ensuring all contractors are adhering to project specifications. It will also provide a review of the basic and detailed engineering, manage risk and provide technical support during construction & commissioning of the plant.

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