Bangladesh’s Largest Solar Rooftop Deal

Via PV Magazine, a report on Bangladesh’s largest industrial solar rooftop project to date:

 

Dhaka-based renewables developer Joules Power Limited will install Bangladesh’s largest industrial solar rooftop – a 3.1 MW system in the Narayanganj district near the capital.

The 33,000m2 array will cover multiple buildings owned by textile company Robintex Group, which will buy the electricity generated by the system from Joules Power under a 20-year rooftop leasing arrangement. Robintex is expected to procure around a third of its power needs from the $1.7 million solar rooftop, for $0.077/kWh. The system will be grid connected and eligible for net metering for excess power exported to the grid.

Indian company Mahindra Susten will undertake its first PV project in Bangladesh by providing engineering, procurement and construction services on the project.

Joules Power

“We are extremely proud to be engaged with Robintex towards their endeavors for sustainable production, which will enhance the made-in-Bangladesh brand and also take the country forward in achieving its sustainable development goals,” said Joules Power MD Nuher L Khan after signing the deal on Sunday.

Joules Power claims to be the largest solar power producer in Bangladesh after a 20MWac generation-capacity system came online in September 2018. The developer. which has also installed solar lighting in Teknaf, in the Cox’s Bazar district, aims to install 30 MW of rooftop PV by next year and develop several utility scale, ground-mounted projects, Khan told pv magazine.

“Apart from the importance in [the] environmental perspective, the rooftop solar is also cheap in [a] financial point of view,” said Robin Razon Sakhawat, director of German-Bangladeshi knitwear company Robintex. “The solar power helps keep our factory’s production cost stable.”

Potential

“So far we are the largest solar rooftop project owner. There are thousands of factories in Bangladesh [with] rooftops … which can be used to generate solar power generation,” he told pv magazine.

Mahindra Susten country manager Siddharth Rana said rooftop solar has immense potential in Bangladesh because of land scarcity, adding: “Its demand will never come down, because of power needs.”

“Fossil-fuel generated power prices are increasing over the year but the solar power production cost is going down,” Rana told pv magazine. “If the factory owners come up with plans to produce power in their building rooftops, they can save a lot.”

More than 12.6 MW of electricity is generated by 843 solar systems under Bangladesh’s net metering regime. The nation boasts 629 MW of renewable energy generation capacity.



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About This Blog And Its Author
As potential uses for building and parking lot roofspace continue to grow, unique opportunities to understand and profit from this trend will emerge. Roof Options is committed to tracking the evolving uses of roof estate – spanning solar power, rainwater harvesting, wind power, gardens & farms, “cooling” sites, advertising, apiculture, and telecom transmission platforms – to help unlock the nascent, complex, and expanding roofspace asset class.

Educated at Yale University (Bachelor of Arts - History) and Harvard (Master in Public Policy - International Development), Monty Simus has held a lifelong interest in environmental and conservation issues, primarily as they relate to freshwater scarcity, renewable energy, and national park policy. Working from a water-scarce base in Las Vegas with his wife and son, he is the founder of Water Politics, an organization dedicated to the identification and analysis of geopolitical water issues arising from the world’s growing and vast water deficits, and is also a co-founder of SmartMarkets, an eco-preneurial venture that applies web 2.0 technology and online social networking innovations to motivate energy & water conservation. He previously worked for an independent power producer in Central Asia; co-authored an article appearing in the Summer 2010 issue of the Tulane Environmental Law Journal, titled: “The Water Ethic: The Inexorable Birth Of A Certain Alienable Right”; and authored an article appearing in the inaugural issue of Johns Hopkins University's Global Water Magazine in July 2010 titled: “H2Own: The Water Ethic and an Equitable Market for the Exchange of Individual Water Efficiency Credits.”