Download Link for Energy & Power Vol 21 Issue 21 (April 16, 2024) as PDF//userfiles/EP_21_21.pdf

Bangladesh, as the signatory country of COP28, is working on tripling renewables capacity and doubling energy efficiency by 2030. The target is to achieve 3,600MW of renewable energy by then. The country has already embarked on green energy transition pathways as it has implemented a few utility-scale solar power projects and some small-scale ones. This progress has also created momentum in the public and private sectors. Industries are increasingly interested in rooftop solar systems mainly due to two considerations – getting green credit and saving on grid electricity, which has been gradually increasing. However, the development process in the renewable sector is not smooth at all – it is going through some rough patches, keeping generation costs much higher than those of a few neighboring countries. The selection of investors based on unsolicited offers is one of the main obstacles to bringing down the cost. There are also policy shortcomings and loopholes in the implementation strategies. The government has brought changes in the policies and implementation strategies. The mindset of policymakers has changed a bit over the past 20 years, but it is still not favorable for clean energy. Tariffs on renewables have been significantly reduced globally but not in Bangladesh. For grid stabilization, flexible base load, and storage planning must also be finalized.

However, the policies and implementation strategies deserve fine-tuning, as Bangladesh has no other alternative to increasing the contribution of clean and green energy to achieve the energy transition goal.

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