Study on Future Prospect of Solar Home System in Bangladesh and Cost Analysis

Abstract

Bangladesh is a country which is suffering from power generation for many years and the demand for the generation of electricity is increasing day by day, especially in the off-grid area. The government of Bangladesh takes initiative for the Solar Home system for off-grid as the energy demand is increasing with an increase in the world’s population. This thesis intends to investigate Solar Home System's prospect in Bangladesh cost analysis current market price of import solar panel and production cost of local manufacturers like the top two Rahimafrooz Renewable Energy Ltd. (RRE) and Radiant Alliance Ltd.(RAL). This thesis is also trying to explore whether there is any prospect of solar energy in Bangladesh. Moreover, some specific this exploratory thesis is to overview of the present power system in Bangladesh, to evaluate the impact of further growth in the solar energy sector on the present power distribution system of Bangladesh, to understand the socio-economic impact of solar energy in rural Bangladesh, to overview of the prospect of solar energy in Bangladesh and analysis current pricing situation for a local manufacturer of the solar PV module in Bangladesh and also analysis cost-minimizing for a local manufacturer of the solar PV module in Bangladesh to stable the solar energy available to a rural area in Bangladesh. If both RRE and RAL revise their BOM and cost they will earn profit and compete in our local market here RRE can reduce about 9 takas from panel per wt. and RAL can reduce about 7.6 takas from panel per wt. which will directly earn some profit for their companies and RRE in case 300 wt., panel price will be at 12% profit 11341.35Tk where it is now at 11801.99 Taka and the difference is 460.64 Taka which will produce by the same employees of RRE and also in case of RAL for 300 wt., panel price will be at 15% =38.8171X 300wp = 11645.16 Taka where it is now at 12118.11 Taka and the difference is 472.95 Taka which will produce by the same employees of RAL. Hereby analyzing two companies' production costs and monthly operation expenses want to show in which areas they have to reduce cost and finally recommended a BOM for their raw materials for cost minimization by which they can earn some profit.