SkyPower soars in Bangladesh

SkyPower, the developer and owner of utility-scale solar projects, has unveiled its plans to build 2GW of utility-scale solar energy over the next five years in Bangladesh, representing an investment of US$4.3 billion. SkyPower also announced it will be gifting 1.5 million SkyPower Home solar kits to people of Bangladesh over the course of the next five years.
The SkyPower Home solar kits consist of a solar panel, battery, LED lights, fan, radio, and USB port to charge mobile phones designed to allow families to harness the power of the sun. The high quality home solar kits are durable, portable and IEC certified.
“SkyPower is proud to help Bangladesh achieve its sustainable development goals,” said SkyPower President and Chief Executive Officer Kerry Adler. “The investment in Bangladesh will help increase grid connectivity, ease energy poverty and create new green energy jobs.”
“The new development agenda makes it clear that all our actions need to be underpinned by our strong commitment to protect and preserve our planet, our biodiversity and our climate. We have only a small window of opportunity and we must succeed to set the world on a safer, greener, and more prosperous path,” said Prime Minister Sheikh Hasina at the 70th UN General Assembly.
“SkyPower’s US$4.3 billion investment will create more than 42,000 total job years in Bangladesh and will include 500 MW of fabrication and assembly facilities,” said SkyPower Chief Commercial Officer, Charles Cohen.
SkyPower has a long history of working closely with local communities to produce hundreds of millions of kilowatt hours of clean electricity every year, while ensuring that those closest to the developments reap the rewards of new jobs, education, skills training and accessible energy.
SkyPower is majority owned by CIM Group, a US-based transformational urban real estate and infrastructure investment firm founded in 1994 with approximately US$20.3 billion in assets under management.