BD seeks global investment in solar, battery storage

Bangladesh has urged international investors to explore opportunities in its renewable energy sector, particularly solar power and battery energy storage, as it seeks greater financing and technology cooperation to accelerate its clean energy transition.

The call came during a series of discussions, seminars and workshops held in New York as part of New York Climate Week, where Bangladeshi representatives highlighted the country’s renewable energy potential and vulnerability to climate change.

At a Renewable Energy Roundtable at the United Nations Headquarters on Thursday night, participants discussed Bangladesh’s prospects for renewable energy, with particular emphasis on climate justice.

The event was chaired by Mustafa Al Mahmud, president of the organising body. Speakers included Danny Kennedy, secretary of the Global Solar Council (GSC), and John Grimes, chief executive officer of the Renewable Energy Council Asia-Pacific (RECAP), along with representatives from several countries.

The discussions highlighted Bangladesh’s vulnerability to climate change despite its relatively small contribution to global greenhouse gas emissions. Participants stressed the need for equitable access to climate finance, technology transfer and international cooperation.

Bangladesh said it was seeking neither charity nor aid, but fair rights and cooperation based on the principle of climate justice.

The country also invited global renewable energy companies and investors to consider investment in solar power, battery storage and related infrastructure.

Participants said international investment and technology partnerships could help Bangladesh expand renewable energy capacity and build a more sustainable and modern energy system.