Marubeni inks MoU to construct 100-MW solar farm in Bangladesh
May 24, 2021 12:12 PM ET
- Japan's Marubeni Corporation (TYO:8002) has signed a memorandum of understanding (MoU) with state-owned Electricity Generation Company of Bangladesh Ltd (EGCB) for the joint development of a 100-MW solar project in the nation.
Found in the southeast city of Feni, the photovoltaic (PV) plan can become one of the biggest in Bangladesh. It is likewise the very first independent power manufacturer (IPP) project for Marubeni there. The company has mounted concerning 1.3 GW of gas-fired and also hydropower capacity in the country.
The solar project MoU is in line with the city government's objective of enhancing the share of renewable energy capacity to 10% of the country's overall capability.
Also read
- CGN Connects First Unit of 4,300-Meter Molten-Salt Plant in Xizang
- Ignitis Switches On 173.6-MW Tume Solar Farm in Latvia
- Fukang 100-MW Tower CSP Plant Connects, Lifting China Past Spain
- EDPR Breaks Ground on 250-MW Cypress Knee Solar for Meta in Arkansas
- Panamint Closes First $769M of $1.8B Loan for Texas Coal-Site Solar