SkyPower to invest in 2GW solar PV energy projects in Bangladesh

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SkyPower to invest in 2GW solar PV energy projects in Bangladesh

During the 70th United Nations General Assembly in New York, SkyPower, the developer and owner of utility-scale solar projects, made a historic announcement with Prime Minister Hasina, unveiling its plans to build 2 GW 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.

SkyPower President and Chief Executive Officer Kerry Adler, said:

“SkyPower is proud to help Bangladesh achieve its sustainable development goals. The investment in Bangladesh will help increase grid connectivity, ease energy poverty and create new green energy jobs.”

Prime Minister Sheikh Hasina at the 70th UN General Assembly, said:

“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.” 

SkyPower Chief Commercial Officer, Charles Cohen, said:

“SkyPower’s $4.3 billion USD investment will create more than 42,000 total job years in Bangladesh and will include 500 MW of fabrication and assembly facilities.” 

The experienced and accomplished SkyPower team has built, assembled and acquired an extensive pipeline of over 25 GW worldwide – 9 GW of which were recently announced in bilateral agreements, and other contract awards, to be built on the continents of Africa and Asia over the next five years in Egypt, Nigeria, Kenya, Djibouti and India.

SkyPower is majority owned by CIM Group, a U.S. based transformational urban real estate and infrastructure investment firm founded in 1994 with approximately US $20.3 billion in assets under management.

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