The Bangladesh Sustainable and Renewable Energy Association (BSREA) has called for urgent policy support to accelerate renewable energy development as a key solution to the country’s ongoing energy crisis.
At a press conference held at the National Press Club in Dhaka, BSREA leaders said Bangladesh’s heavy reliance on imported fuels, rising global energy prices, and declining domestic gas supply have created significant economic and energy security challenges. The rising cost of electricity generation has forced the government to provide subsidies exceeding BDT 200 crore annually.
The association highlighted that renewable energy especially solar power offers a sustainable long-term solution, but the sector is facing major barriers, including 50–60% import duties, VAT, and other taxes on equipment. In contrast, many countries are promoting renewable energy through tax incentives, reduced duties, and low-interest financing.
BSREA also stressed the importance of fast-tracking stalled solar projects with a combined capacity of around 3,000 MW, noting that over USD 200 million has already been invested. If implemented, these projects could save approximately Tk 10,800 crore annually in energy import costs and significantly strengthen energy security.
Among its key recommendations, BSREA called for reducing taxes on renewable energy equipment, ensuring long-term financing at low interest rates, setting reasonable wheeling charges, relaunching nationwide rooftop solar programs, and simplifying the net metering system.
The association concluded that while the current energy crisis poses a major challenge, it also presents an opportunity for Bangladesh to transition toward a sustainable, self-reliant, and environmentally friendly energy system through increased use of renewable energy.
