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Mapping Market Potential of Utility Scale Floating Solar PV (FSPV) in Bangladesh

Country: Bangladesh

Name of Client: International Finance Corporation (IFC) / World Bank Group

Value: US$ 35,630

The objective of this assessment is to estimate the market potential of FSPV projects on water bodies across Bangladesh and to identify key related techno-commercial, regulatory, and legal issues. Based on the assessment of the FSPV approach for project development, it is anticipated that at least one reservoir will be identified to take forward for more in-depth analysis. The assessment should be geared towards determining the current and future viability/ legitimacy of implementing FSPV projects in the country by the private sector. The assessment will focus on:

  • Market potential of FSPV projects in man-made reservoirs (hydro-electric projects, irrigation dams, industrial ponds etc.), and natural water reservoirs (natural lakes, natural ponds etc.)

  • Screening of potential riverbed locations (if any identified by SREDA) for solar PV projects

  • High level screening of potential lagoon areas for solar PV projects and assessment of potential use of new technology for ‘Offshore FSPV’

Undertake preliminary legal due diligence with respect to challenges of building FSPV in the lagoons and water bodies, some of which may be in protected areas.

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