State Minister for Power, Energy, and Mineral Resources Nasrul Hamid said the government has been working to implement the plan in phases to generate 40% electricity from clean energy by 2041.
The initiatives are taken as part of the long-term master plan for the power sector.
He made the remarks at the Energy Transition Ministerial meeting for the G-20 summit in India's Goa on Saturday.
Currently, 1,194MW of power is being generated from renewable sources, of which 825.23MW is being supplied to the grid, the state minister added.
Additionally, there are 30 ongoing projects dedicated to generating 1,262MW of power from renewable energy sources. Moreover, plans are in progress to establish projects capable of producing 8,668MW of electricity. This totals to an impressive 9,930MW of power generation from renewable energy sources in the pipeline.
Furthermore, he mentioned 6 million solar home systems are illuminating the lives of around 20 million people residing in off-grid areas. Solar mini-grids have been deployed to provide high-quality electricity in these regions, and seven solar parks have been established.
Notably, Bangladesh has about 100,000 wind gas plants and a comprehensive wind resource map has been prepared in collaboration with the National Renewable Energy Laboratory (NREL)."
Work is currently underway on five projects to generate 245MW of wind power. Simultaneously, efforts are ongoing to import hydroelectricity from Nepal and Bhutan.
Renewable energy has garnered significant importance in the Integrated Energy and Power Master Plan. The plan encompasses various energy sources, including renewable energy (solar, wind, and hydro, etc.), nuclear power, power import (hydro), hydrogen, ammonia, CCS (carbon dioxide) capture, and combined cycle power plants.
"About $10 billion of investment has gone as Bangladesh has built 10 coal-fired power plants," the state minister also said.
He further said: "This bold step is a reflection of our strong commitment to green and clean energy. As a densely populated nation, we face unique challenges in implementing renewable energy projects. Our electricity consumption pattern is different from many developed countries, and solar energy is unsuitable here as baseload power. Lack of land is a major hurdle for solar projects."
"Overcoming these challenges requires technology transfer and research. Renewable energy, especially waste-to-energy and wind power, requires massive investment. We welcome investment in power and energy sectors in Bangladesh," he added.
