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February 14, 2022

Mongla Wind Farm, Bangladesh

By Carmen

Mongla Wind Farm is a 55MW onshore wind power project. It is planned in Chittagong, Bangladesh. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2023.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 55 55 Permitting Chittagong, Bangladesh Envision Energy (Jiangsu); SQ Trading and Engineering

Description

The project is being developed by Envision Energy (Jiangsu) and SQ Trading and Engineering. These companies also have ownership stakes in the project.

The project cost is expected to be around $96.597m.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2023.

Power Purchase Agreement

The power generated from the project will be sold to Bangladesh Power Development Board under a power purchase agreement. The power will be sold at the rate of $0.13kWh for a period of 20 years.

About SQ Trading and Engineering

SQ Trading and Engineering (SQ Trading) part of SQ Group is a local and international trader of power utilities. It primarily is a supply contractor of energy equipment. The company is headquartered in Bangladesh.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

Related Companies

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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