Adani mulling solar entry to Bangladesh

Facebook
Twitter
LinkedIn
Reddit
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

October 6, 2022
Waaree Energies has raised US$120 million from investors to expand its module and cell production capacity in India.
October 5, 2022
The rise in solar and wind generation met over three-quarters of the global electricity demand growth in the first half of 2022, according to a report from think tank Ember.
October 4, 2022
The government of India has released guidelines on the second round of its Production Linked Incentive (PLI) scheme designed to develop greater domestic PV production and slash the country’s reliance on imports.
September 28, 2022
Rajasthan’s electricity regulator has proposed new rules that would make solar installations in the state which supply power to other states provide 10% of their generation to Rajasthan’s state distribution company (Discom) free of charge.
September 28, 2022
The ENACT Installer App automates the complete journey of the customer, right from first contact to complete installation.
September 23, 2022
India’s government has approved the second round of the production-linked incentive (PLI) scheme to incentivise domestic solar PV module manufacturing.

Subscribe to Newsletter

Upcoming Events

On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)
Solar Media Events
November 29, 2022
Malaga, Spain