Estimates say Bangladesh requires approximately 7 billion USD in investment over the next six years to achieve its renewable energy targets (4,100 MW by 2030). The Team Europe Initiative Green Energy Transition (TEI GET), a platform of the EU, its Member States and the like-minded countries Norway and Switzerland chaired by the German Embassy and the EU-Delegation presented its engagement in Bangladesh with a project portfolio of about 1,3 billion Euro at the Bangladesh Investment Summit. These projects also include respective procurements which offer opportunities for private companies. The Team Europe break out thematic session ‘‘Unlocking the potential of Bangladesh for investors in renewable energy” showed the tremendous potential of Renewable Energy in Bangladesh especially in the wind and solar sectors and how European public and private investments are tapping it. German Development Cooperation itself is largely contributing to these efforts with activities in the energy sector of more than 642 million Euro.
