Bangladesh’s government has updated their Renewable Energy Policy after 17 years, aiming to produce at least 20 percent of the national power demand from green sources by 2030.
The new policy offers a 10-year corporate tax exemption for all government and private renewable energy producers, followed by another five years of partial tax exemption.
The Sustainable and Renewable Energy Development Authority (SREDA) will introduce a renewable purchase obligation—a regulatory mandate requiring all power utilities (government agencies involved in power production, transmission, and distribution), as well as other selected entities or consumers, to purchase a certain percentage of power from renewable sources.