Two Bangladeshi Companies Wins $1 Million For Developing Platform For Household Solar System Users

A minimum of 100 smart grids serving as many as 15,000 people with the help of the granted funds.

Two Bangladeshi firms Grameen Shakti and ME SOLshare were recognized for their project with $ 1 Million by UN linked funds, the project allows villagers to access more solar power and boosts entrepreneurship. The platform helps solar system users to trade solar power with non users as per the reports by reports Xinhua news agency.

The bottom-up mini grids are the technological backbone of the project transforming household based solar plants to yield more profits creating a new model which can be applied to areas having no power grid across Bangladesh and the globe.

The UN linked funds associated with the UN-DESA, a capacity building initiative lintroduced and managed by the UN Department of Economic and Social Affairs (DESA) in association with the China Energy Fund Committee, a Hong Kong-based non-governmental organisation.

According to an estimation, a minimum of 100 smart grids serving as many as 15,000 people with the help of the granted funds. The initiative will leave a great impact inspiring more such initiatives.

In a joint statement the firms said “We believe this award underlines the transformation the global energy sector is undergoing to a decentralized, decarbonised, democratised and digitalised one, where Bangladesh, through the great efforts taken by the Bangladesh Government through the Infrastructure Development Company Limited, has already set a great example.”

Source: ET Energyworld