Solaric Limited has signed an agreement with IRIS Fabrics Ltd., a concern of IRIS Group, to develop a 550 kWp CapEx rooftop solar power plant, marking another step toward renewable energy adoption and sustainable industrial development in Bangladesh. The project is expected to help IRIS Fabrics reduce energy costs, improve operational efficiency and strengthen its use of renewable energy for greener manufacturing. The rooftop solar installation will contribute to the company’s efforts to adopt more sustainable and cost-effective energy solutions.
The agreement was supported by the strategic leadership of Engr. Naznin Akther, Director – Business Development, Solaric Limited, and Nasir Ahmed, Director & CTO, Solaric Limited, whose direction continues to support the company’s industrial solar initiatives. Istiak Islam, Manager – Business Development, Solaric Limited, played a key role in leading the engagement and developing the collaboration with IRIS Fabrics Ltd. Solaric’s engineering team, including Md. Sayed Mortoza, Assistant Manager – Design & Optimization; Minhaz Ahmed, Engineer – Design & Optimization; and Hisabur Fahim, Assistant Engineer – Design & Optimization, also supported the project’s technical development and design.
The collaboration reflects the growing interest among Bangladesh’s textile and manufacturing industries in rooftop solar solutions as companies seek to manage energy costs while improving their environmental performance. For energy-intensive industries such as textiles and garments, reliable and cost-efficient electricity is increasingly important for maintaining uninterrupted production and international competitiveness. Rooftop solar gives manufacturers an opportunity to reduce daytime electricity costs while supporting their sustainability commitments.
The 550 kWp project with IRIS Fabrics Ltd. further strengthens Solaric Limited’s focus on industrial-scale renewable energy solutions and supports the broader transition to cleaner energy in Bangladesh’s manufacturing sector. Solaric Limited continues to work with industrial clients to develop reliable, cost-effective, and sustainable solar energy solutions aligned with the country’s growing renewable energy ambitions.
