A Dynamic Study on Energy Forecasts and The Potential of Renewable Energy Sources

Abstract

With developing countries, energy demand has been rapid over the years. Bangladesh contributes just 5% of the entire energy ratio in a proportion of renewable energy, and desire to 10% of the year 2025. Bangladesh is based on imported fossil fuel, which is quite expensive and uses natural gas for about 65% of energy production. Bangladesh is fortunate to have a small amount of fossil fuel, i.e., natural gas assets, but these are not adequate to meet the desired robust growth for glorious achievements in the government and non-government sectors. The sustainable power source is a key segment for improvement and has just made significant track in succeeding the greater part of the nation's power request; both in Urban and Rural territories. The motivation behind this study is to analyse energy forecasting for upcoming days and the potential of alternative renewable energy sources to assimilate a comparison in the general diagram of the power utilization of Bangladesh from a global perspective. Anticipating the future demand and looking at the competent outcomes of renewable energy may make urgency among the developing countries to satisfy the high future need for clean energy. In this article, we have focused our attention on the examination of sustainable power sources and the potential outcomes for future energy.