Envision Energy expands to Bangladesh

Envision Energy signs an agreement with Bangladesh Power Development Board (BPDB) to build a 55MW wind farm in Mongla.

Ambitious objectives

Envision Energy, will sell the electricity produced by this plant to Bangladesh Power Development Board at a price of $0.1320. The Mongla wind farm will have Envision turbines from 171 to 4.5MW. Thus, the energy produced will supply the Mongla region by 2024.

They will produce 10.56Tk per kilowatt hour over a 20-year period. The Mongla wind farm will reduce the equivalent of 110,000 tons of carbon dioxide per year. In addition, this is the second major wind power project in Bangladesh.

Indeed, the first one was a 60MW project in Cox’s Bazar, also equipped with wind turbines of the Chinese group. Mr. Mahbubur Rahman, President of BPDB, states:

“We are excited to work with Envision, to produce clean energy for the grid and to make a significant contribution to Bangladesh’s renewable energy goal.”

Bangladesh is seeking to reduce its greenhouse gas emissions, with a target of 4.1GW of renewable electricity by 2030.

An award-winning company

Envision Energy is a global leader in green technology and a net zero technology partner. This is done in particular through the mission “to solve the challenges for a sustainable future of humanity”. The company promotes wind and solar energy as the “new coal

Envision Energy has subsidiaries, the company designs, sells and operates smart wind turbines and storage system. In addition, the company manages the battery process as well as the largest AIoT operating system by Envision Digital. Finally, the group announces that it will achieve carbon neutrality in its operations this year and by 2028 for its value chain.

The company appears among the “50 Smartest Companies in the World” of 2019 by MIT Technology Review. As of October 2021, Envision Energy was second in the world on Fortune’s “Change the World” list. It joins the global “RE100” initiative and becomes the first mainland Chinese company to commit to generating 100% renewable electricity by 2025.