Agreement with ib vogt for a 50 MWp solar park in Bangladesh

Bangladesh advances its energy transition with the signing of an agreement for a 50 MWp solar park.
The Bangladesh Power Development Board (BPDB) and Power Grid Bangladesh PLC have signed a Power Purchase Agreement (PPA) and an Implementation Agreement (IA) with Sonagazi Solar Power Limited, sponsored by ib vogt.
The agreement is in line with the government’s goal of generating 40% of the country’s electricity from clean energy sources by 2041. The agreement sets a tariff of 0.1094 USD per kWh for a period of 20 years.
The project, ib vogt’s first in Bangladesh, is scheduled to begin commercial operation in the second half of 2025.
ib vogt will also provide EPC (Engineering, Procurement, and Construction) management during construction and asset management during operation of the solar park.

A project that respects the environment and local communities

The site chosen for the solar park is located in the north of the Chittagong district, close to the Baraiyarhat 132/33kV transformer substation.
With an installed capacity of around 68 MWp, the project uses high-efficiency bifacial modules.
The choice of site, which is not agricultural, minimizes the impact on the local community.
The solar park will provide energy for over 50,000 homes and reduce CO2 emissions by up to 70,000 tonnes per year.
Extensive environmental and social assessments are underway to ensure that local wildlife is not affected.
The necessary measures will be integrated into the project’s specific Environmental and Social Management System (ESMS).

Future prospects and impacts

Anton Milner, CEO of ib vogt, underlines the importance of this project for the development of renewable energy in Bangladesh.
He thanks the Bangladeshi authorities for their support and commitment.
This project illustrates Bangladesh’s determination to integrate clean, sustainable energy solutions into its power grid.
The 50 MWp solar project is an example of international cooperation to achieve global climate goals.
It demonstrates Bangladesh’s commitment to strengthening its renewable energy capacity while supporting sustainable development through strategic partnerships and innovative technologies.
This ambitious project is expected not only to deliver significant environmental benefits, but also to have a positive impact on the local community in terms of socio-economic development.
The implementation of this project, with the commitment of local and international stakeholders, marks an important step towards a more sustainable energy future for Bangladesh.