Overcoming Hurdles: A Comprehensive Analysis of Renewable Energy in Bangladesh
Abstract
This study addresses the critical aspects of renewable energy development in Bangladesh, identifying challenges and offering practical solutions. It recommends revising and enhancing renewable energy policies to establish realistic and inclusive targets over short, medium, and long terms. Financial support is advocated through the introduction of incentives and subsidies, particularly to overcome economic barriers hindering widespread solar technology adoption, with a focus on rural areas. The proposal includes combining feedin tariff and net metering, removing the limit in net metering, and offering tax exemptions for early-stage independent power producers. Additionally, the study underscores the need for integrated institutional and capacity development, emphasizing the establishment of an institute for skill building and technology innovation. Collaboration is a key theme, urging synergies between academia, government, and industries to bridge the gap between expertise, policies, and applications, ultimately contributing to a sustainable energy future in Bangladesh.