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

The Bangladesh Power Development Board (BPDB) and ib vogt sign an agreement for a 50 MWp solar park, marking a crucial step in the country's energy transition.

Share:

Parc solaire, Bangladesh

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €2/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

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.

5N Plus announces the extension of its supply agreement with First Solar, including a 33% increase in cadmium telluride volumes by 2026 and the delivery of new essential materials for photovoltaic production.
Scatec has finalised the financing for its 142 megawatt solar project in Minas Gerais, Brazil, marking a new milestone for the Norwegian company in the South American market.
Fortistar and Epic Star Energy take control of a group of strategic renewable assets, including a solar power plant in Kauai, marking a major milestone for Hawaii's energy development.
According to Wood Mackenzie, the end of the tax credit in the United States could lead to a 46% drop in new residential solar installations by 2030, despite strong long-term market potential.
Audax Renovables commits EUR17mn to a 21.88 MWp solar plant in Navalmoral de la Mata, targeting annual output of 42 GWh, backed by structured financing from the European Investment Bank.
Solarcentury commissions 25 MWp at Mailo, Zambia, connecting for the first time a merchant solar plant to the Southern African Power Pool and begins construction of the next phase.
Solarise Africa secures $3.3mn in financing from Mergence Investment Managers to accelerate the deployment of solar systems for the commercial and industrial sector in Africa.
First Solar anticipates higher revenue for the current year, driven by an increase in solar panel prices following the introduction of new import tariffs.
GoldenPeaks Capital commissions two large-scale photovoltaic plants in Hungary, strengthening the integration of independent solar generation and the electricity supply on the national market.
Emerge has signed a twenty-year contract with Misk City for the supply of solar electricity through a 621 kWp photovoltaic plant, supporting the site’s environmental certification and urban transformation.
SANY begins construction of a 10 MW solar power plant in Zimbabwe, the first African project integrating engineering, procurement and financing, while continuing its expansion in microgrids and hybrid solutions across the continent.
Stem deploys a grid optimisation solution for the Camino solar site, with a capacity of 57 MW, in California, meeting IEEE 2800 standards and targeting operational reliability and market performance.
Green Hybrid Power secures initial $4.4mn financing to launch a 1 GW floating solar power plant in Zimbabwe, aiming to supply 500 MW to industry under a twenty-year contract.
Loblaw Group will deploy a 7.5 MW photovoltaic installation on the roof of its East Gwillimbury distribution centre, generating up to 25% of the site’s annual electricity and marking a new step for the Canadian logistics sector.
Savion, a Shell subsidiary, transfers majority ownership of five solar projects to Tango Holdings, 80% owned by Ares, to optimise the U.S. renewable electricity production portfolio and improve the profitability of the oil group’s investments.
Investment fund KKR is committing $335mn in a strategic partnership with CleanPeak Energy to accelerate the rollout of solar, storage and microgrid solutions aimed at Australian businesses.
Bluebird Solar is initiating a significant investment plan in Greater Noida to increase its production capacity to 2.5 GW and integrate automated lines powered by artificial intelligence.
TotalEnergies ENEOS has commissioned a 680-kilowatt photovoltaic facility at TechnipFMC’s Johor Bahru site, supplying 20% of the factory’s energy needs under an 18-year power purchase agreement.
Voltalia has been selected for the construction of two photovoltaic plants in Ireland, totalling 92.9 megawatts, further strengthening its presence in the country’s solar infrastructure market.
The latest report from the International Renewable Energy Agency confirms the cost superiority of renewables, but highlights persistent challenges for grid integration and access to financing in emerging markets.