Where is Bangladesh in the global race towards renewable energy?

The last two years have been exciting for the renewable energy sector, as the energy market turmoil stoked by recent events, like the Russia-Ukraine war, gave an impetus for an accelerated green transition. For example, 2021 saw the largest annual capacity additions worth 175 gigawatts (GW) of solar photovoltaic power, bringing the total global solar PV capacity to 942 GW. Developing countries led this rapid transition, with China leading the race by adding the highest annual amount of solar power capacity, while India and Brazil ranked among the top five countries. Our neighbour India has moved ahead with ambitious renewable energy goals. It has targeted to source half of its energy from renewable sources by 2030. The Indian government adopted the Jawaharlal Nehru National Solar Mission in 2010 with the goal of achieving a projected 20 GW by 2022. However, India accelerated its transition and as of early 2023, the country has already raised its installed solar capacity to 64 GW.

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