PROINSO, Joules Power to Build First Utility-Scale Solar Project in Bangladesh

The project is located in Teknaf, a sub-district of Cox’s Bazar, in the Division of Chittagong. It forms the southernmost point of mainland Bangladesh and has a population of over 200,000.

In a first of its kind in the country, PROINSO, a global energy supplier, has commissioned a 28MWp utility-scale project in Bangladesh.

PROINSO UK has been working in partnership with Joules Power Limited (JPL) on a 28 MWp utility-scale project, utilizing an innovative financing solution from GuarantCo, part of the Private Infrastructure.

Development Group (PIDG), and supported by the governments of the UK, Switzerland, Sweden, the Netherlands, and Australia. The project is a demonstration of both PROINSO’s business philosophy and global capabilities in solar projects.

The Company believes that strong collaboration between global and local businesses and institutions is key to achieving long-term sustainable growth and reaching renewable energy targets, as defined by the Paris Agreement.

Technaf Solartech Energy Limited (TSEL) is the first utility-scale solar project in Bangladesh delivered within the 1.6 GW solar project pipeline announced last year. The project is located in Teknaf, a sub-district of Cox’s Bazar, in the Division of Chittagong. It forms the southernmost point of mainland Bangladesh and has a population of over 200,000.

The solar PV plant has an installed capacity of 28 MWp. The expected annual yield for year one is 43,000 MWh and at peak production, the plant supply will cover up to 80% of the present electricity demand of the entire Teknaf region. The reduction in CO2 emissions over the next 20 years is estimated to be around 400,000 tons.

Rayan Moyeen, Operations Director at Joules Power Limited said: “TSEL has overcome various challenges and obstacles; advocating for and even affecting policy changes for the renewable energy sector, paving the way for easier implementation of future projects for all. It is truly a pleasure to be able to aid our country in contributing to the global clean energy revolution to battle the threats of global warming and climate change.”