Copenhagen Infrastructure Partners (CIP) and Copenhagen Offshore Partners (COP) have applied to Bangladesh’s government for permission to build a 500 MW wind farm in the Bay of Bengal. According to a preliminary analysis conducted by the two companies, the project might generate hundreds of direct and indirect employment during its construction phase, as well as tens of jobs over its 30-year operational life.
The offshore wind farm, which is expected to cost $1.3 billion will be the first of its sort in the region. Summit Power, a local independent power producer, will join CIP and COP as a consortium partner for the project, according to CIP and COP. This proposal follows the five-year joint action plan adopted by Bangladesh and Denmark in June 2023.
The two countries committed to collaborate on green and clean technology as well as to invest in long-term development. The offshore wind farm project will assist Bangladesh in making the best use of its coastal resources while also promoting the development of a “blue economy.”
REGlobal’s Views: Bangladesh, being a densely populated country with scarce available land, is an ideal candidate for development of offshore wind. This project, being the first offshore wind farm in the country, will give the developers an early edge in the very nascent SAARC market.
