Authors :
Md. Yeamim Chowdhuri; Erona Khatun; Md. Momin Hossain; Md Abdul Halim
Volume/Issue :
Volume 8 - 2023, Issue 4 - April
Google Scholar :
https://bit.ly/43uxUln
Scribd :
https://bit.ly/3n0elBg
DOI :
https://doi.org/10.5281/zenodo.7866172
Abstract :
The purpose of this study was to examine the
installed capacity of renewable energy in developing
nations, with a particular focus on Bangladesh, which is
the world leader in the development of renewable energy,
to ascertain the factors that contribute to progress. The
usage of renewable electricity in developing nations was
then explored in light of recent legislation and policies
governing those systems. The findings show that the
private sector's reluctance to participate in such
countries' continued growth of renewable energy is
mostly a result of high costs and a long wait for capital to
be returned. It was proposed in this study that
governmental assistance and the assurance of the
purchase of electricity produced could help to somewhat
alleviate the issues. But there are many obstacles to the
deployment of renewable energy, including technological,
financial, and legal ones. Economic difficulties include
expensive capital costs and ambiguous returns on
investment, while technical difficulties include system
optimization, control, and administration. In order to
promote investment in hybrid renewable energy systems,
regulations that support the usage of renewable energy
sources, such as feed-in tariffs and net metering, must be
put in place. The effective implementation of mixed
renewable energy systems will depend on the creation of
standards and laws that encourage the incorporation of
renewable energy sources into the current energy
infrastructure. Despite these obstacles, mixed renewable
energy systems have bright future prospects and hold
great promise for contributing significantly to the shift to
a sustainable energy future.
Keywords :
Renewable Energy, Challenges, Energy Sources, Solar, Wind, Bangladesh, Obstacle.
The purpose of this study was to examine the
installed capacity of renewable energy in developing
nations, with a particular focus on Bangladesh, which is
the world leader in the development of renewable energy,
to ascertain the factors that contribute to progress. The
usage of renewable electricity in developing nations was
then explored in light of recent legislation and policies
governing those systems. The findings show that the
private sector's reluctance to participate in such
countries' continued growth of renewable energy is
mostly a result of high costs and a long wait for capital to
be returned. It was proposed in this study that
governmental assistance and the assurance of the
purchase of electricity produced could help to somewhat
alleviate the issues. But there are many obstacles to the
deployment of renewable energy, including technological,
financial, and legal ones. Economic difficulties include
expensive capital costs and ambiguous returns on
investment, while technical difficulties include system
optimization, control, and administration. In order to
promote investment in hybrid renewable energy systems,
regulations that support the usage of renewable energy
sources, such as feed-in tariffs and net metering, must be
put in place. The effective implementation of mixed
renewable energy systems will depend on the creation of
standards and laws that encourage the incorporation of
renewable energy sources into the current energy
infrastructure. Despite these obstacles, mixed renewable
energy systems have bright future prospects and hold
great promise for contributing significantly to the shift to
a sustainable energy future.
Keywords :
Renewable Energy, Challenges, Energy Sources, Solar, Wind, Bangladesh, Obstacle.
