Bangladesh has reduced import duties on solar converters from 10% to 1% to reduce project costs and to support PV systems on the utility scale and the roof under its net measurement schedule.
The government of Bangladesh has reduced import duties on solar converters from 10% to 1%. The measure is intended to promote solar energy generation.
The government said that the duty reduction would lower project costs and attract more investments in clean energy. Officials noted that the domestic PV sector had long since called for the move, which was determined on 22 June with the approval of the budget law of the tax year 2025-26.
Inverters account for around 15% of the total costs in solar energy projects, said Dipal C. Barua, chairman of the Bright Green Energy Foundation. “The services will help reduce project costs and increase affordability,” he added.
Mostafa Al Mahmud, president of the Bangladesh Sustainable and Renewable Energy Association, said that the exemption was a long -term requirement of stakeholders who placed on multiple government forums.
“While the government lowered the import duties on inverters, the other taxes will also fall,” he said. He added that the authorities must now ensure that storage systems are more widely available to support green power generation.
The government is now revising its network policy To encourage PV adoption by households and companies.
Earlier this year, the Bangladesh Power Development Bank (BPDB) between December 2024 and January of this year issued 41 Zonne -Opensendingen, but received no bids. The utility extended the deadlines repeatedly to attract interest.
Shortly thereafter it launched a new tender for 2.65 GW of solar capacity. Golam Mortuza, director of Independent Power Producer Cell-1, said PV -Magazine That the BPDB had facilitated some conditions after feedback from investors and could continue to revise them.
Bangladesh has 1,550 MW of renewable energy capacity, including 1,256 MW from Solar.
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