EU wants Bangladesh enhance renewable energy use by over 3% | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
June 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JUNE 11, 2025
EU wants Bangladesh enhance renewable energy use by over 3%

Energy

BSS
23 April, 2025, 09:25 pm
Last modified: 23 April, 2025, 09:28 pm

Related News

  • Eid-ul-Adha congregations held peacefully across the country
  • Sacrifice and celebration: The spirit of Eid-ul-Adha lives on
  • EU urges democratic reforms in Bangladesh's political transition
  • Microsoft offers to boost European governments' cybersecurity for free
  • Philippines and EU to set up security and defence dialogue: minister

EU wants Bangladesh enhance renewable energy use by over 3%

According to EU officials, the initiative was being supported by countries including France, Sweden, Denmark, The Netherlands, Spain and Italy

BSS
23 April, 2025, 09:25 pm
Last modified: 23 April, 2025, 09:28 pm
Bangladesh secured Eqoo million recently in funding from the European Investment Bank and the European Union for renewable energy generation and capacity building.Photo: Reuters
Bangladesh secured Eqoo million recently in funding from the European Investment Bank and the European Union for renewable energy generation and capacity building.Photo: Reuters

The European Union (EU) today (23 April) expected Bangladesh to enhance its renewable energy use by over 3% through restructuring the South Asian nation's energy sector alongside pursuing political stability through democratic elections.

"We expect Bangladesh to increase its renewable energy use by more than 3%, reform its energy structure, and pursue political stability through democratic elections," a senior EU official at its Dhaka office said.

Joining the opening of a renewable energy festival, EU's Head of Development Cooperation and Minister Counselor in Dhaka Michal Krejza said the European Union earlier pledged Bangladesh to provide EUR 1.3 billion for its green energy transition.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The EU earlier offered the amount in the form of grant and loans for its overall ongoing and planned projects under a platform called Team Europe Initiative Green Energy Transition (TEI GET) in Bangladesh, co-chaired by the European Union and Germany.

According to EU officials, the initiative was being supported by countries including France, Sweden, Denmark, The Netherlands, Spain and Italy.

They said the initiative aimed to support Bangladesh to have in place a power system that leads to maximum coverage of the country`s energy demand through renewable energy alongside reducing demand through energy efficiency.

Krejza emphasised the importance of regional energy connectivity for expanding renewable energy.

Bangladesh University of Engineering and Technology (BUET) hosted the two-day Renewable Energy Fest 2025 expecting to shape a roadmap for a just and green energy transition through policy reform.

The organisers said the festival made a renewed commitment to achieve 15% renewable energy by 2030 and 100% by 2050 and called for inclusive, cost-effective and citizen-centred energy solutions.

BUET staged the event jointly with ActionAid Bangladesh, and Just Energy Transition Network Bangladesh (JETnet-BD) while the university's Vice Chancellor Professor Abu Borhan Mohammad Badruzzaman delivered the inaugural speech.

City Bank PLC's Additional Managing Director M Mahbubur Rahman and Infrastructure Development Company Limited's (IDCOL) chief executive officer among others joined the programme.

The IDCOL chief called the tax factor as a major barrier for promoting renewable energy saying "without reducing taxes and interest rates, expanding renewable energy is impossible".

"We must enact structural reforms and secure low-interest financing to ensure fair benefits," he said.

The festival's first-day events included a special session on Energy Awakening, chaired by ActionAid Bangladesh's Country Director Farah Kabir, who highlighted urgency of expanded renewable energy to meet Bangladesh's projected electricity demand of 58,410 MW by 2041.

"Expanding renewable energy sources is now imperative," she said.

Top News

Renewable Energy / festival / European Union (EU)

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Chief Adviser Muhammad Yunus speaks at the Chatham House in London on 11 June 2025. Photo: CA Press Wing
    No desire to be part of next elected govt: CA Yunus
  • File photo of BNP Standing Committee Member Amir Khasru Mahmud Chowdhury. Photo: Collected
    Khasru flies to London to join Yunus-Tarique meeting
  • News of The Day, 11 JUNE 2025
    News of The Day, 11 JUNE 2025

MOST VIEWED

  • Illustration: Duniya Jahan/ TBS
    Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon
  • A file photo of Bangladesh Bank Governor Dr Ahsan H Mansur. Photo: Collected
    'I have no relation with this': Ahsan Mansur debunks Joy’s allegations over daughter’s Dubai flat
  • Faiz Ahmad Tayeb. Photo: BSS
    Import duty on raw materials for e-bikes, lithium batteries reduced from 80% to 1% in some cases: Faiz Taiyeb
  • File photo of ex-prime minister Sheikh Hasina and her son Sajeeb Wazed Joy. Photo: Collected
    Joy spends Eid with Hasina in India: Indian media
  • Mercantile Bank withholds dividend amid Tk1,700cr provision shortfall
    Mercantile Bank withholds dividend amid Tk1,700cr provision shortfall
  • Shakil Ahmed. Photo: Collected
    DU student allegedly hangs himself following threats over old derogatory comment about Prophet on Facebook

Related News

  • Eid-ul-Adha congregations held peacefully across the country
  • Sacrifice and celebration: The spirit of Eid-ul-Adha lives on
  • EU urges democratic reforms in Bangladesh's political transition
  • Microsoft offers to boost European governments' cybersecurity for free
  • Philippines and EU to set up security and defence dialogue: minister

Features

Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

2h | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

1d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

2d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

4d | Bangladesh

More Videos from TBS

News of The Day, 11 JUNE 2025

News of The Day, 11 JUNE 2025

1h | TBS News of the day
WB predicts worst decade for global growth since 60s

WB predicts worst decade for global growth since 60s

2h | TBS Stories
Foreign firm to draft merger plan for investment promotion agencies

Foreign firm to draft merger plan for investment promotion agencies

3h | TBS Insight
US-China London meeting ends as planned

US-China London meeting ends as planned

4h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net