Bangladesh Green Energy Vision
The Bangladesh government has set an ambitious target of generating 40% of its total electricity from renewable sources by 2041. While the current renewable energy share stands at just 4.5%, green energy investment is accelerating rapidly in line with Paris Climate Agreement commitments and strategic utilization of international climate finance such as the Green Climate Fund (GCF).
Notably, at the 2025 GGHK (Global Green Hub Korea) exhibition, 22 buyer-matching sessions between Bangladeshi energy buyers and Korean green energy companies were successfully facilitated by KOTRA Dhaka, creating tangible momentum for bilateral green energy cooperation. Korean companies' technological competitiveness in solar modules, wind turbines, LNG infrastructure, and ESS batteries received strong recognition across all segments.
Solar Energy: The Most Promising Sector
Bangladesh possesses excellent solar conditions with annual irradiance averaging 4.5 kWh/m²/day. The government targets 10GW of solar capacity by 2030, with a diverse project pipeline including rooftop solar (under the Net Metering scheme), ground-mounted mega solar parks, and floating solar installations.
| Project | Capacity | Location | Funding | Korean Opportunity | Status |
|---|---|---|---|---|---|
| Teknaf Solar | 200 MW | Cox’s Bazar | ADB+WB | Module & inverter supply | Tendering |
| Payra Solar | 100 MW | Payra | GCF | Module supply | Planned |
| Rooftop Solar Program | 500 MW | Nationwide | Government+Private | SPC participation | Expanding |
| BPDB Floating Solar | 50 MW | Kaptai Lake | EDCF under review | EPC participation | FS completed |
| Sirajganj Solar | 150 MW | Sirajganj | IPP | O&M contracts | Pre-tendering |
| Mymensingh Solar | 100 MW | Mymensingh | ADB | Module supply | Planned |
Wind and LNG Projects
Wind energy remains in its early stages, but onshore and offshore wind projects leveraging the coastal wind speeds (5–7 m/s) along Cox's Bazar and Chittagong are in the feasibility assessment phase. In the LNG sector, expanding import infrastructure to offset depleting domestic natural gas reserves is the top priority.
Green Energy IPP Investment Process
Private investment (IPP) in the renewable energy sector follows procedures similar to conventional thermal IPPs, with the additional requirements of SREDA (Sustainable and Renewable Energy Development Authority) pre-approval and Environmental Impact Assessment (EIA). The government offers higher power purchase tariffs (Feed-in Tariff) for renewable energy IPPs compared to thermal generation.
GGHK 2025 Buyer-Matching Outcomes
At the 2025 GGHK (Global Green Hub Korea) exhibition, KOTRA Dhaka facilitated 22 buyer-matching consultations between Bangladeshi and Korean energy stakeholders. Bangladeshi buyers showed particularly strong interest in solar modules and inverters, water treatment equipment, and energy efficiency solutions.
Bangladesh's green energy transition represents a large-scale market requiring over USD 20 billion in investment, with abundant international climate finance flowing from the GCF, ADB, and EDCF. Korean green energy companies hold strong competitive positions in solar modules, ESS batteries, water treatment technology, and wind turbines. Proactive engagement through exhibitions such as GGHK, combined with strategic use of KOTRA Dhaka's project intelligence, will be essential for capturing opportunities in this rapidly expanding market.