Solar Power Can Cut RMG Factories' Energy Costs by 15.7%

A new study by the Centre for Policy Dialogue (CPD) suggests that Bangladesh's readymade garment (RMG) factories can reduce their average monthly energy costs by 15.7% if solar power meets 30% of their electricity demand.

The CPD study, based on data from 350 factories, found that a 10% solar offset could reduce average monthly energy costs by 5.5%. The study also highlighted the benefits of renewable energy, including reduced dependence on imported liquefied natural gas (LNG) and lower vulnerability to international fuel-price volatility.

CPD Research Director Dr. Khondaker Golam Moazzem stated that relying solely on imported LNG is not sustainable in the long run and called for an accelerated transition to renewable energy.