Adani mulling solar entry to Bangladesh

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Jayant Parimal, Adani’s chief executive officer, renewable energy, said the firm is 'very keen' to enter Bangladesh. Flickr: H R Siddique

Indian conglomerate Adani is considering setting up large-scale solar PV projects in Bangladesh as the firm’s renewable energy vision continues to expand outside of India.

Jayant Parimal, Adani’s chief executive officer, renewable energy, told PV Tech: “We are exploring the possibility of setting up PV plant in Bangladesh. So it is still in conceptual stage. Nonetheless we are very keen.”

Tim Buckley, director of energy finance studies, Australasia, Institute of Energy Economics and Financial Analysis (IEEFA), which has released a report on the benefits of solar to Bangladesh's energy system, said an Adani entry to neighbouring Bangladesh would be “a truly transformative investment proposal”.

Despite huge successes in distributed solar home systems, Bangladesh’s utility-scale solar sector has been relatively mute.

Just this week, Adani announced plans for two major projects of 100-200MW each in Australia in its bid to become to the largest solar developer in the region.

However it has also been setback in the Indian state of Tamil Nadu, where the regulator rejected its pleas for a tariff revision after cyclones and rain led to it missing a deadline to receive a higher price for solar energy.

Read Next

September 20, 2021
A subsidiary of Indian utility Tata Power has received a letter of intent to set up a 250MW grid-connected solar project in the state of Maharashtra.
September 13, 2021
The Indian state of Tamil Nadu is planning to develop 4GW of additional solar projects as well as new battery energy storage systems, according to local media.
September 10, 2021
Independent power producer ReNew Power has commissioned a 250MW portion of a 300MW solar plant in the Indian state of Rajasthan.
September 6, 2021
India-based renewables developer Adani Green Energy has raised US$750 million through a green bond offer, securing the debt and equity needed to reach a 25GW renewables target.
September 2, 2021
Reliance Industries is close to acquiring solar module manufacturer REC Group, according to media reports in India, as part of the conglomerate’s expansion into the renewable energy sector.
August 31, 2021
Azure Power is on track to increase its operating solar capacity by at least a third this fiscal year following a first quarter that saw the independent power producer (IPP) return to profitability.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
Solar Media Events
December 1, 2021