Envision Energy expands to Bangladesh

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

Share:

Comprehensive energy news coverage, updated nonstop

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

7-Day Pass

Up to 50 articles accessible for 7 days, with no automatic renewal

3 €/week*

FREE ACCOUNT

3 articles/month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 30,000 articles • 150+ analyses per week

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.

Italian group Dolomiti Energia secures €200mn loan from the European Investment Bank to finance wind farms and modernise power infrastructure in two strategic regions of the country.
Wpd launches a crowdfunding campaign to support the construction of the Bréhand wind farm, aiming to raise €400,000 from residents with a fixed annual interest rate of 7%.
Danish group Orsted will cut a quarter of its workforce by 2027 and reduce its exposure to the United States, relying on a $9.4 billion recapitalisation to consolidate its development in Europe and Asia.
Developer Gwynt Glas enters development phase after signing a lease agreement with The Crown Estate, paving the way for a 1.5GW floating offshore wind project in Welsh waters.
From January 2026, the southern Polish city of Sosnowiec will power its municipal institutions entirely with renewable electricity under a public contract awarded to local provider Hekla Energy.
VSB France begins construction of its largest onshore wind project, a strategic 39.9 MW investment across two municipalities in Calvados, with commissioning scheduled for 2027.
Shell U.S. president stated that cancelling fully permitted wind projects severely undermines investor confidence in the energy sector.
TotalEnergies could bring EDF into the Centre Manche 2 offshore wind project after RWE’s planned withdrawal, strengthening the industrial and financial prospects of the two neighboring parks scheduled for 2032.
Envision Energy has signed an agreement to equip Kazakhstan’s largest wind power project, marking a strategic step in energy cooperation with TotalEnergies, Samruk-Energo and KazMunayGas.
The Swedish energy group aims to produce 9TWh per year with its Storlandet project, intended to meet rising demand from the mining and steel industries in the north of the country.
The two regional utilities join a JERA-led consortium to support the operation of the Ishikari Bay offshore wind farm, which entered service in early 2024.
Energy group Axpo is considering a new installation of three wind turbines in Wil, aimed at powering around 5,000 households and strengthening Switzerland's winter electricity production.
Encavis strengthens its wind portfolio in Germany with the acquisition of a Schierenberg project and the signing of four new partnerships with ABO Energy, for a joint total capacity of 106 MW.
Boralex rolls out an energy assistance scheme for residents near its wind and solar farms, with a pilot project launched in two communes in Haute-Loire.
Eiffage, through its Belgian subsidiary Smulders, will build three electrical substations to connect offshore wind farms in Brittany and the Mediterranean, under a contract exceeding €1.5bn ($1.59bn).
Envision Energy has published an environmental product declaration for two of its turbines, a milestone certified to ISO standards aimed at strengthening its position in international wind markets.
Yaway, a brand of Kallista Energy, commissions in Breteuil a very high-power charging station directly connected to wind turbines, offering a price of €0.30/kWh ($0.32/kWh) and a maximum power of 400 kW, with no subscription.
Fortescue has selected Envision Energy to supply next-generation turbines in Australia, the first step in a project targeting 2 to 3 GW of renewable generation backed by batteries.
Singapore-based developer Vena Energy has launched operations at its third wind power plant in Japan, located in Saikai, Nagasaki Prefecture, with a grid-connected capacity of 7.5 MW.
Ørsted and Korea South-East Power Co. (KOEN) have signed a memorandum of understanding to explore joint development of the 1.4 GW Incheon offshore wind project, located off South Korea’s west coast.

All the latest energy news, all the time

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

7 DAY PASS

Up to 50 items can be consulted for 7 days,
without automatic renewal

3€/week*

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.