IB Vogt secures PPA for 50 MW solar power plant in Bangladesh
- Admin
- Aug 2, 2024
- 1 min read
German PV project developer IB Vogt has obtained a power purchase agreement for a 50 MW PV facility in Bangladesh. The plant will be owned and operated by the special-purpose vehicle Sonagazi Solar Power Ltd. Bangladesh Power Development Board (BPDB) will buy electricity from the power plant at a price of $0.1094/kWh for 20 years. The plant had to be shifted from Sonagazi to Mirsharai due to land acquisition issues. Various barriers to renewable energy expansion in Bangladesh were highlighted by junior power minister Nasurl Hamid. Bangladesh is working on several solar power projects and aims to add 8-10 GW of electricity from renewable sources to the grid by 2023.
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