A Chinese-Bangladeshi consortium yesterday (4 September 2022) achieved commercial close on the development of a $96.6 million wind farm in southwestern Bangladesh.
Mongla Green Power is the SPV of the 55MW Bagerhat Mongla wind farm in Khulna, the third-largest city in the country.
The project company's shareholders are:
- Envision Energy (Jiangsu) – China
- SQ Trading and Engineering – Bangladesh
- Envision Renewable Energy Bangladesh – Hong Kong
Mongla Green Power has a 20-year PPA with Bangladesh Power Development Board (BPDB) at $0.1320 per kWh.
The SPV aims to complete the project during the next 2 years.
IJGlobal data shows these 4 wind farms under development:
|Inani Wind Farm (50MW) IPP |
|Kachua Wind Farm (50MW) IPP |
|Mongla-Gollamari Wind Farm (50MW) IPP |
|Sonagazi Wind and Solar Portfolio (110MW) |
The government of Bangladesh in December 2020 approved the proposal by the Chinese-Bangladeshi consortium to develop the wind power plant.
Meanwhile, Chinese environmental protection company U&D Group this month reached commercial close to develop Bangladesh's second waste-to-energy (WtE) plant.