Bangladesh Targets 30% Renewable Energy by 2040 with Advanced Solar Technologies
Bangladesh aims to increase its renewable energy share to 30% by 2040, with solar energy currently contributing 82% of the 5% generated from renewables. The government plans to implement advanced technologies such as perovskite solar cells and agrivoltaics to harness its significant solar potential, while also introducing reforms and smart grid projects to enhance energy efficiency and storage.
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Bangladesh's Sustainable and Renewable Energy Development Authority (SREDA) reports that 5% of the country's power generation comes from renewables, with solar energy contributing 82%. The country has an estimated solar potential of 50,174 MW, sufficient to meet 80% of projected demand by 2041.
In response to an energy crisis, the government aims for 20% renewable energy by 2030 and 30% by 2040. Innovations such as perovskite solar cells, thin-film photovoltaics, and floating PV systems are identified as key to harnessing solar potential.
Agrivoltaics and solar thermal technologies like concentrating solar power (CSP) are also explored. The 2025 net-metering reforms will support decentralized generation, while smart grid projects are underway to enhance efficiency. The first pumped-storage hydropower project is targeted for 2030 to improve energy storage capabilities.
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