Danish Firms CIP and COP Apply to Develop 500MW Offshore Wind Farm in Bangladesh
A preliminary study by the two companies demonstrates that the project could generate hundreds of direct and indirect jobs during its construction phase and in its 30-year operational life.
July 18, 2023. By EI News Network
Estimated to cost USD 1.3 billion, the offshore wind farm would be the first of its kind in the region.
CIP and COP explained that local independent power producer Summit Power will cooperate as a joint venture partner for the project.
A preliminary study by the two companies demonstrates that the project could generate hundreds of direct and indirect jobs during its construction phase and in its 30-year operational life.
The two nations agreed to cooperate on green and clean technologies and to outlay sustainable development.
The offshore wind farm project will assist Bangladesh to optimise the use of its coastal resources while helping the development of a ‘blue economy’.
The projects are aiming timeline from in-principle consent to the project commencing potentially in around five years, which makes this project competitive with Indian offshore wind projects in terms of commissioning operations timing.
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