The Government of Bangladesh has authorised a consortium comprised of Summit Power, Copenhagen Infrastructure Partners (CIP), and Copenhagen Offshore Partners (COP) to carry out a feasibility study for the development of Bangladesh’s first offshore wind project. The proposed wind project will have a capacity of 500 MW and will be built off the Cox’s Bazar district located in south-eastern Bangladesh. It will require an investment of US$1.3bn.
The consortium had submitted the foreign direct investment (FID) proposal for the project in July 2023. The government approval allows the consortium to carry out a detailed feasibility study and implement the first phase of development with site exclusivity during the next three years.
Bangladesh does not currently possess offshore wind capacities (and only 3 MW of onshore capacity as of end-2021). Most of its electricity comes from oil-fired and gas-fired plants. Renewables represented only about 2% of capacity and generation in 2021. However, the Bangladesh Sustainable and Renewable Energy Development Authority (SREDA) announced in 2022 its intention to develop 5 GW of onshore and offshore wind by 2030.
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