Interest in rooftop solar is growing among industries as electricity prices soar. This study by The Institute for Energy Economics and Financial Analysis delves into Bangladesh’s rooftop solar sector, identifies the key barriers that affect its progress and recommends measures that could speed up the implementation of rooftop solar projects in the country. The key findings of the report indicate:
- Upscaling the rooftop solar sector requires risk-mitigation instruments, business models for utilities, waiver of import duties on solar accessories and easing the letter of credit opening process.
- New rooftop solar capacity of 2,000 MW could save the Bangladesh Power Development Board between $476 million and $1 billion a year.
- Awareness raising, capacity development of stakeholders and quality assurance of accessories will help build trust in rooftop solar.
- While the economic benefits of rooftop solar are clear, its slow progress shows the sector is held back by lack of awareness, low confidence, perceived risks, high import duties, and tight fiscal conditions.
- Installations surged in 2023, momentum that needs to be accelerated through incentives for lenders, utilities and investors to support the sector.
Access the report here
