Bangladesh achieved a significant increase in large-scale renewable energy installation, reaching 461 MWP in 2023. This marked a substantial rise from previous years, with notable upward trend from 2013 to 2022. However, Bangladesh ranks 111 out of 190 countries in renewable energy usage2 and achieved only 4.59% of renewable energy with capacity of 1194.78 MW (On-grid 369.16, Off-grid 825.54) in their electricity generation.
This report on Bangladesh’s renewable energy status will be a crucial for generating empirical evidence and advocating to policymakers about strong emphasis on transparent decision making of RE Finance. By providing detailed analyses of current achievements, challenges, and potential in the renewable energy sector, it aims to offer a data-driven basis for decision-making. Such evidence is vital for convincing policymakers of the need for more robust, cohesive renewable energy finance in Bangladesh. It will also serve as a benchmark for tracking progress, identifying gaps, and guiding future strategies, thereby ensuring that policy development is grounded in realistic assessments and aimed at sustainable energy resources.