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As part of the phase 2 of Oporajita Collective Impact on Future of Work Initiative, LightCastle Partners has developed this policy brief to explore how Corporate Power Purchase Agreements (CPPAs) can accelerate Bangladesh’s renewable energy transition and safeguard the competitiveness of its export-oriented industries particularly the RMG sector.
Despite ambitious national targets, renewable energy currently accounts for only 5.21 percent of Bangladesh’s power mix. CPPAs offer a transformative mechanism for corporates to procure clean energy directly from producers, bridging the financing and policy gaps that hinder progress. Drawing lessons from India and Vietnam, the brief outlines a roadmap for establishing an enabling framework, encompassing open access, renewable purchase obligations, and risk-mitigated financing to unlock private investment and drive industrial decarbonization.
The publication underscores that mainstreaming CPPAs is not only a climate imperative but also a competitiveness strategy for Bangladesh’s manufacturing sector in an increasingly low-carbon global economy.
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