KHM Power, a Bangladeshi solar panel manufacturer, has exported 8,000 solar panels to the United States, marking a landmark achievement for the nation’s high-tech manufacturing sector. This significant deal is a clear indicator of Bangladesh’s expanding role in the global renewable energy market and its ambition to diversify its export portfolio.
KHM Power’s Solar Panel Export and the Bangladeshi solar panel export to the US
KHM Power, a prominent Bangladeshi manufacturer of solar panels, has successfully shipped its first consignment of 8,000 panels to the United States. This marks a significant milestone as the first official export of Bangladesh-made solar panels to the American market, signaling a new chapter for the country’s industrial capabilities.
The panels, which have a combined capacity of 5.74 megawatts, are valued at approximately $1.8 million (Tk 20 crore). They are destined for a 50-megawatt solar power project in Texas, showcasing how Bangladeshi technology is contributing to the clean energy transition in North America.
The high-efficiency solar modules, each with a capacity of 718 watts, were dispatched from Chattogram Port on August 27 and are expected to arrive in the United States by October 15. Underscoring the strong demand, KHM Power CEO, Sheikh Mehedi Hasan, confirmed that the company has already secured a subsequent order for an additional 7.5 megawatts of solar modules from the US.
KHM Power’s Growing Presence in the Solar Industry with Bangladeshi solar panel export
Established in 2019, KHM Power has rapidly carved out a niche in the international market. The company began exporting solar modules to Europe in 2022 and has already supplied 30 megawatts of panels to several countries, including Germany, the Netherlands, Italy, Spain, and Romania. This means that Bangladeshi panels are already helping power homes and businesses across Europe, including for homeowners and tenants in Germany looking to adopt solar energy.
Domestically, KHM Power is a key supplier for major renewable energy projects, contributing to a 100-megawatt plant in Madarganj, Jamalpur, and a 25-megawatt project in Rangpur.
The company’s success is backed by its factory in the Bhaluka industrial area of Mymensingh, which utilizes advanced solar panel manufacturing machines. With a current production capacity of 500 megawatts per year, KHM Power plans an ambitious expansion. By investing an additional Tk 150 crore, the company aims to double its annual capacity to 1 gigawatt by the end of 2024, a move that requires a detailed understanding of the solar panel manufacturing plant cost breakdown.
Bangladesh’s Solar Panel Industry: Growth and Challenges in Bangladeshi solar panel export
The success of KHM Power puts a spotlight on the burgeoning potential of Bangladesh’s solar panel industry. While still in its early stages compared to global leaders like China and Germany, the sector is demonstrating impressive growth. The basics of solar panel manufacturing are becoming more established in the country, fostering local expertise and capacity.
This export milestone complements significant domestic progress. Recently, the country inaugurated the 200 MW Teesta Solar Limited power plant, a major step in bolstering its renewable energy infrastructure. However, challenges remain, including a heavy reliance on imported solar panel raw materials, which can impact production costs and supply chain stability.
Despite these hurdles, the industry’s growth is propelled by strong domestic demand and supportive government policies. Bangladesh has set ambitious targets, aiming to generate 10 percent of its total electricity from renewable sources and add 1,000 MW of solar electricity to the national grid by 2025.
Bangladesh’s Renewable Energy Potential through Bangladeshi solar panel export
This first solar panel export to the United States is more than a commercial transaction; it’s a strategic step in Bangladesh’s journey toward becoming a key player in the global green economy. KHM Power’s success validates the country’s potential and underscores the importance of continued investment in the entire solar panel manufacturing process.
As Bangladesh expands its domestic solar capacity and its manufacturers gain international recognition, the nation is well-positioned to become a reliable exporter of clean energy technology. This achievement is seen as just the beginning, with projections pointing toward more substantial Bangladesh solar panel exports: Unique US deal in 2025. With strategic investments, favorable policies, and a growing focus on sustainable finance, Bangladesh has the potential to make a significant contribution to the global clean energy transition.
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