Chinese solar panel giant Longi to invest in Bangladesh: Ambassador

In a significant development poised to reshape Bangladesh’s renewable energy landscape, LONGi Green Energy Technology Co. Ltd., the world’s largest solar panel manufacturer, has announced plans to establish a presence and invest in solar panel manufacturing within the country. This strategic move underscores Bangladesh’s growing appeal as a hub for renewable energy investments and aligns with the nation’s aspirations to diversify its energy sources and promote sustainable development.

The announcement was made by Chinese Ambassador to Bangladesh, Yao Wen, during a meeting with Chief Adviser Professor Muhammad Yunus on March 16, 2025, at the State Guest House Jamuna. Ambassador Wen revealed that LONGi, along with other leading Chinese solar firms, had visited Bangladesh in December 2024 to explore investment opportunities. He stated, “At least two firms, including LONGi, have committed to setting up offices and plants. They’ll invest soon.”

This decision aligns with the interim government’s vision to transform Bangladesh into an economic powerhouse by attracting foreign investments, particularly in the renewable energy sector. Chief Adviser Yunus has been proactive in inviting global companies to relocate their manufacturing plants to Bangladesh, emphasizing the country’s strategic location and potential as a manufacturing hub.

LONGi’s investment is expected to have a transformative impact on Bangladesh’s renewable energy sector:

1. Boosting Solar Energy Capacity: The establishment of a solar panel manufacturing plant by LONGi will enhance the availability of high-quality solar panels locally, facilitating the expansion of solar energy projects across the country. This aligns with Bangladesh’s goal to increase the share of renewable energy in its energy mix.

2. Job Creation and Skill Development: The new manufacturing facility is anticipated to create numerous job opportunities, contributing to economic growth and skill development in the renewable energy sector.

3. Technological Advancement: LONGi’s presence will introduce advanced solar technologies to Bangladesh, promoting innovation and efficiency in renewable energy projects.

4. Strengthening Bilateral Relations: This investment signifies a strengthening of economic ties between Bangladesh and China, fostering collaboration in technology transfer and sustainable development initiatives.

Bangladesh has been actively pursuing renewable energy initiatives to meet its growing energy demand and reduce dependence on fossil fuels. The government has set ambitious targets to increase the share of renewable energy, particularly solar power, in the national grid. Initiatives such as the installation of solar home systems in rural areas and the development of solar parks underscore the country’s commitment to sustainable energy solutions.

However, challenges such as land scarcity, financing, and technological constraints have impeded rapid progress. The entry of global leaders like LONGi is expected to address some of these challenges by bringing in expertise, technology, and investment capital.

LONGi Green Energy Technology Co. Ltd. has established itself as a global leader in the solar industry:

• Global Operations: LONGi operates multiple production bases in countries such as Vietnam, Malaysia, and Mongolia, and maintains branches in several locations, including the USA, Japan, Germany, Australia, the UAE, Thailand, and India.

• Technological Innovation: The company is renowned for its advanced technologies and successful international projects, emphasizing high-efficiency solar modules for power generation.

• Commitment to Sustainability: LONGi focuses on promoting green energy and sustainable development, aligning with global efforts to combat climate change.

The Bangladeshi government has been proactive in attracting foreign investments in the renewable energy sector:

• Policy Reforms: Reforms aimed at creating a conducive environment for foreign investors, including tax incentives and streamlined regulatory processes, have been implemented.

• Infrastructure Development: Investments in infrastructure, such as dedicated export processing zones, have been made to support industrial growth.

• International Engagements: High-level visits and engagements, such as Chief Adviser Yunus’s upcoming trip to China, are focused on strengthening economic ties and attracting investments.

While LONGi’s investment marks a significant milestone, several factors will influence its success:

1. Regulatory Environment: Ensuring a stable and transparent regulatory framework will be crucial in facilitating smooth operations and attracting further investments.

2. Infrastructure Readiness: Developing the necessary infrastructure, including reliable power supply and transportation networks, will support the efficient functioning of the manufacturing facility.

3. Market Development: Creating a robust domestic market for solar energy through awareness campaigns and financial incentives will drive demand for locally manufactured solar panels.

4. Environmental Considerations: Implementing sustainable practices in manufacturing processes will be essential to minimize environmental impacts and align with global sustainability goals.

LONGi’s decision to invest in Bangladesh’s solar energy sector is a testament to the country’s potential as a renewable energy hub. This move is expected to catalyze further investments, drive technological advancements, and contribute to sustainable economic growth. As Bangladesh continues to pursue its renewable energy ambitions, strategic collaborations with global leaders like LONGi will play a pivotal role in shaping a sustainable and prosperous future.