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Renewable energy

Bangladesh Aims to Achieve 20% Renewable Energy by 2030

Strategic Insights

— 1 min read

The Bangladesh government has announced plans to increase the share of renewable energy in the country's electricity generation to 20% by 2030 as part of its commitment to the United Nations' Sustainable Development Goal 7. The government has already updated its Renewable Energy Policy 2025 to promote green energy and has set a target to generate 30% of the country's electricity from renewable sources by 2040.

Key Takeaways:

  • The Bangladesh government aims to achieve 20% renewable energy by 2030, with a target of 30% by 2040.
  • The country currently has a capacity to generate around 1616.4 MW of off-grid and non-grid power from renewable sources.
  • Of the estimated quantum, 1322.41 MW is from solar power, 62.9 MW from wind, 230 MW from hydroelectricity, 0.69 MW from Biogas, and 0.4 MW from Biomass.
  • The government has launched a national solar rooftop program to install 3000 MW more power from RE sources by December this year.
  • The policy offers a 10-year corporate tax exemption for all government and private renewable energy producers, followed by another five years of partial tax exemption.
  • Bangladesh has already achieved 9% share of renewable energy in power sector, with a generation of 15000 to 16000 MW from green sources.
  • The government has also introduced the Net Metering Guidelines 2018, allowing green power producers to sell electricity to private entities alongside the government agencies.

Statistics:

  • The total capacity to generate around 1616.4 MW of off-grid and non-grid power from renewable sources.
  • The estimated quantum of 1322.41 MW from solar power, 62.9 MW from wind, 230 MW from hydroelectricity.
  • The country aims to generate 3000 MW more power from renewable sources by December this year.
  • The government has achieved 9% share of renewable energy in power sector, with a generation of 15000 to 16000 MW from green sources.
  • The share of global electricity supply from renewable sources is forecasted to rise to 35% in 2025.
  • China is the global leader in renewable energy, hosting nearly half of the world's total operating wind and solar capacity.

Sources:

  • BSS (2023), cited in the article
  • Sustainable and Renewable Energy Development Authority (SREDA), cited in the article
  • Bangladesh Energy Regulatory Commission, cited in the article
  • Infrastructure Development Company Limited (IDCOL), cited in the article
  • Climate Council, cited in the article
  • International Renewable Energy Agency (IRENA), cited in the article

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