Energy experts and civil society representatives have welcomed Bangladesh’s government plan to generate 10,000 megawatts of solar power by 2030, calling it a timely and strategic move amid global energy market volatility. Speaking at a press conference at the National Press Club, they emphasized the need for an enabling investment climate, low-interest financing, and tax exemptions to achieve the target sustainably.

Presentations by analysts from the Institute for Energy Economics and Financial Analysis and Change Initiative highlighted Bangladesh’s heavy import dependence in the power sector and the growing strain from fuel subsidies. They proposed redirecting fossil fuel subsidies toward renewables, introducing carbon pricing, and launching a $4.5 billion expatriate bond to attract investment. Policy suggestions included full tariff waivers on solar equipment and a revolving fund of Tk 5,000 crore.

However, experts expressed doubts about implementation capacity, citing past shortfalls in renewable targets and high import duties on solar materials. They urged institutional strengthening of SREDA, simplification of PPP models, and faster policy reforms to ensure a sustainable and inclusive energy transition.