In a proposal submitted to the Prime Minister's Office, the Danish investors wished to implement the project with 500MW capacity, which would be the largest-ever investment offer for Bangladesh in the wind energy sector.
Being able to generate electricity round the clock, the project could be a competitive option for Bangladesh as the electricity generation from offshore wind power costs around $0.075 per kilowatt hour or Tk7.86 at the current rate, which is much cheaper than coal or LNG and oil-fired power plants.
Copenhagen Offshore Partners (COP) develops offshore wind projects exclusively for Copenhagen Infrastructure Partners (CIP), one of the leading green infrastructure fund managers in the world.
To date, CIP has raised $19 billion from more than 120 international institutional investors worldwide, reads its official data.
"We have done a pre-feasibility study and are now seeking in-principle approval from BPDB to allow us to initiate the feasibility study, which is costly for an offshore wind project development. It entails wind measurements, environmental impact assessment and ground condition surveys," said René von Bülow, director of New Markets at COP.
The project is expected to be operational in 2028 in line with grid expansions in Cox's Bazar and Teknaf, he confirmed in an email response to The Business Standard.
To discuss the proposal, Danish Ambassador to Bangladesh Winnie Estrup Petersen is scheduled to meet Bangladesh's president and prime minister on July 13 and July 19, said sources at the Embassy.
