FloSolar Solutions Ltd. (“FloSolar”) has signed a Memorandum of Understanding (“MOU”) with Decathlon’s subsidiary in Bangladesh, which acts as the the sourcing arm of the global sports retailer., The MOU is intended to facilitate the adoption of renewable energy across Decathlon’s Bangladesh-based supplier network.
Under the MOU, FloSolar will collaborate with leading Renewable Energy Operators and Investors (REOI) in Asia to develop and implement Corporate Power Purchase Agreements (CPPAs) with select Desipro suppliers. The first phase will target 50 MWp of ground-mounted solar capacity, with the aim of scaling up to 100 MWp by 2030 under the proposed Merchant Power Plant (MPP) policy.
This initiative is facilitated by Decathlon’s subsidiary in Bangladesh in order to contribute to Decathlon’s global commitment to decarbonizing its supply chain, supporting its Science Based Targets initiative (SBTi) and RE100 pledges. FloSolar will provide flexible models for supplier adoption, while Desipro BD will act as facilitator, introducing FloSolar to qualified suppliers ready to transition to clean energy.
“This partnership demonstrates how supply chain sustainability can be accelerated when global brands and renewable energy developers align their strengths. This is our entry into the RMG sector with our CPPA solutions.” said Mustafa Azim Kasem Khan, Founder & Managing Director of FloSolar. “We are proud to help Decathlon meet its global green energy targets while empowering Bangladeshi manufacturers with cost-effective, clean power including environmental attributes.”
Sayef Ahmed Chowdhury, Authorized Representative of Decathlon’s subsidiary in Bangladesh, stated:
“Decathlon is committed to making the benefits of sport accessible in a sustainable way. This collaboration with FloSolar will enable our suppliers in Bangladesh to lower their carbon footprint while enhancing energy resilience.”
The MOU outlines a 3-year cooperation period, during which projects will be developed in compliance with Decathlon’s Code of Conduct, high ethical standards, and all applicable environmental, social, and governance (ESG) principles.
About FloSolar Solutions Ltd.
FloSolar is a Bangladesh-based renewable energy developer specializing in rooftop and utility-scale solar power projects. Partnering with leading Asian renewable investors and EPC firms, FloSolar delivers bankable, high-performance solar solutions under OPEX and CAPEX models.
About Decathlon
Decathlon is one of the world’s largest sports retailers, with a mission to sustainably make the pleasure and benefits of sport accessible to the many. Decathlon’s subsidiary in Bangladesh is managing local sourcing and supplier engagement for the global network.
