7th IEOM Bangladesh International Conference on Industrial Engineering and Operations Management

Bangladesh's Electricity Growth: Is Bangladesh Truly Advancing in Renewable Energy?

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Abstract

This study analyzes Bangladesh's electricity growth trends with a focus on renewable energy development over the past two decades. Descriptive statistical methods, including linear trends, were employed to assess growth rates, percentage contributions, and global rankings of renewable and non-renewable energy capacities. Data from International Renewable Energy Agency (IRENA) (2000–2023) were utilized. Key variables, such as installed capacities and energy source contributions, were categorized by type (solar, hydro, wind, bioenergy) and grid status (on-grid, off-grid). The results reveal an annual growth rate of 1,012.57 MW for non-renewable energy and 33.73 MW for renewable energy, highlighting the disparity in development. Renewable energy's share in total capacity declined from 5.23% in 2000 to 3.53% in 2023. Solar energy dominates Bangladesh's renewable capacity (76.32%), followed by hydropower (22.87%). However, the country ranks 39th globally in total electricity capacity but only 107th in renewable capacity, reflecting limited progress in diversifying renewable sources. The findings emphasize the need for strategic policy interventions to enhance renewable energy development in Bangladesh.

Published in: 7th IEOM Bangladesh International Conference on Industrial Engineering and Operations Management, Dhaka, Bangladesh

Publisher: IEOM Society International
Date of Conference: December 21-23, 2024

ISBN: 979-8-3507-4443-9
ISSN/E-ISSN: 2169-8767