Chinese Solar Company Looks to Invest in BD’s Green Energy

Industry: Energy & Power, Solar & Alternative Energy
Economic Tag: FDI

LONGi Green Energy Technology Co Ltd, a Chinese solar giant, is exploring investment opportunities in Bangladesh’s renewable energy sector, with a particular focus on solar energy. Jason Zhao, Senior Manager at LONGi, expressed interest in establishing an office in Dhaka to provide high-efficiency solar modules for power generation and collaborate on Bangladesh’s renewable energy goals. The company, which has established production bases in countries like Vietnam, Malaysia, and Mongolia, is currently working with local companies on a small scale but aims to expand operations. Dr. Abdul Moyeen Khan, BNP leader, emphasized the importance of solar energy for Bangladesh’s growing energy demand and agricultural sector. He also highlighted the significant cost reduction in solar panel installation, which has dropped by 90%, making solar power a more viable option for the country. The delegation’s visit to China in February marked the beginning of potential collaborations to accelerate Bangladesh’s transition to cleaner energy.

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