Bangladesh's Solar Power Scaling Requires Structural Reforms
To realize its solar energy ambitions, Bangladesh must implement a robust framework, focusing on clear timelines and financial viability. The need for coordinated land and grid planning is critical to attract investor confidence and scale solar projects effectively.
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Bangladesh aims to develop 5,000 MWp of solar capacity, necessitating over Tk 35,000 crore in investment. The transition to competitive solar tenders is vital for achieving transparent pricing and project readiness, as past projects suffered from inadequate land access and financial capabilities.
Key barriers include the need for secure land rights, grid interconnection, and enforceable timelines, which should see projects move from award to operation efficiently. Solar parks can mitigate land constraints by preparing sites with necessary infrastructure.
Fiscal incentives, such as tax reductions on solar equipment, could enhance project economics. Effective execution of these strategies will bolster energy security and stimulate local industry and job creation.
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