Vestas signed a MoU with US-DK Green Energy (BD) Ltd (UDGEL) recently in Singapore for this purpose, the Danish embassy in Dhaka has said in a media release on Wednesday.
With this MOU, Vestas and UDGEL expressed their interest in exploring “collaboration opportunities” to develop wind power projects.
“As an experienced wind turbine manufacturer, we seek to play an important role in helping our customers in Bangladesh embark on an exciting wind journey,” President of Vestas Asia Pacific and China Chris Beaufait was quoted as saying in the release.
“With our global expertise on wind and site identification, electrical pre-design, transportation, installation, supply, erection, service, and financing assistance, I believe Vestas is able to help our customers shape a competitive edge in an untapped market”.
The Danish ambassador to Singapore, Berit Basse, and the Bangladesh High Commissioner, Mahbub Uz Zaman, were present at the signing ceremony at the Vestas office in Singapore.
Danish ambassador in Dhaka Hanne Fugl Eskjær welcomed the initiative and hoped “this positive step will lead to further co-operation in renewable energy between the two countries”.
UDGEL Director Sajid Rahman saw “a great potential within the market for wind energy”.
“As a renewable energy pioneer in Bangladesh, we want to partner with the best in the industry in order to develop a world-class wind farm based on Vestas’ extensive experience,” he said.
“We believe the partnership with Vestas through the MOU signals a significant first step for our wind business.”
In emerging markets like Bangladesh, wind is still an untapped resource.
The country’s National Energy Policy has expects renewable energy to account for five per cent of the total power generation energy by 2015 and 10 per cent by 2020.
The Danish embassy says the expansion of the potential of wind energy will be crucial for Bangladesh to achieve its national vision of providing electricity to all by 2021.
Entering into a MOU in Bangladesh is in line with “the new corporate strategy announced earlier this year, under which emerging markets are highlighted as a global priority”.