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Bangladesh Solar Market Overview (2026)

Bangladesh's solar energy sector is undergoing a transformative boom in 2026. Driven by abundant sunlight, rising electricity demand, and a strong governmental push under the Sustainable and Renewable Energy Development Authority (SREDA), the country aims to source 20% of its power from renewables by 2030. This policy framework has catalyzed investments across utility-scale solar plants, commercial & industrial (C&I) rooftop installations, and innovative off-grid solutions for remote areas. The market presents a dynamic mix of established local integrators, manufacturing ventures, and crucial international technology partners supplying advanced components like high-efficiency modules, solar tracking systems, and smart mounting structures.

How We Ranked These Companies

This 2026 ranking is based on a multi-factor analysis combining market share, project portfolio strength, technological capability, and influence within the Bangladeshi renewable energy landscape. We evaluated:

  • Market Presence & Track Record: Number and scale of completed projects in Bangladesh.
  • Technical Expertise & Product Offering: Range and innovation of solutions.
  • Strategic Impact: Contribution to grid capacity, rural electrification, or market development.
  • Partnerships & Global Standards: Collaboration with international firms and adherence to quality certifications.

The Top 10 Solar Companies in Bangladesh (2026)

1. Solarland Bangladesh Co. Ltd.

A true pioneer and one of the most recognizable names in the sector, Solarland stands as a vertically integrated leader. Since commencing module manufacturing in 2015, it has grown to offer end-to-end solutions from component production to full EPC and maintenance services. Its deep understanding of the local context, combined with a vast distribution network, makes it a default choice for a wide range of projects, from residential kits to substantial commercial installations.

2. Solar Electro Bangladesh Ltd. (SEBL)

Founded in 2010, SEBL is renowned for executing complex and large-scale projects. It cemented its reputation by developing the country's largest solar mini-grid project on Monpura Island, a model project documented by the World Bank. SEBL excels as a system integrator, importing quality components and leveraging robust engineering prowess to deliver reliable on-grid and off-grid power plants, particularly for challenging and remote locations.

3. Grace Solar (Xiamen Grace Solar New Energy Technology Co., Ltd.)

As a global leader in smart solar mounting and tracking systems, Grace Solar earns its top-tier position by being the technological backbone for many of Bangladesh's most ambitious utility-scale and C&I projects. Ranking among the world's top five in market share, its value lies in maximizing energy yield and ensuring long-term project bankability.

Why they rank so high: For developers seeking higher ROI on large parcels of land, Grace Solar's AI-powered GS-Light trackers are a game-changer, boosting energy production by up to 25%. Their GS-Smart ground mounts offer unparalleled durability for fixed-tilt plants, while their roof mounting systems ensure safety and integrity for Bangladesh's booming industrial rooftop market. With a global track record of 48GW installed and products certified to withstand diverse climates, they provide the critical infrastructure that makes large-scale solar viable and profitable in Bangladesh.

4. Joules Power Limited (JPL)

A trailblazer in independent power production (IPP), JPL holds the distinction of developing and commissioning Bangladesh's first utility-scale solar IPP, the 20 MW Technaf Solartech Energy Limited plant. They specialize in financing, building, owning, and operating large-scale solar assets, directly contributing to the national grid. Their focus is pivotal in helping the government meet its ambitious renewable energy capacity targets.

5. Super Star Renewable Energy Ltd.

This conglomerate dominates the distribution and mass-market segment of solar products in Bangladesh. With an extensive network of hundreds of distributors and retail outlets, Super Star makes solar technology accessible nationwide. They are a key player in decentralized applications like solar irrigation pumps, street lights, and home systems, directly impacting agricultural productivity and rural quality of life.

6. Solaric Group

Solaric has carved a powerful niche as the expert for large-scale industrial and commercial rooftop solutions. They offer both Capital Expenditure (CapEx) and Operational Expenditure (OpEx) models, providing flexibility for businesses to adopt solar. Their portfolio includes some of the largest single rooftop installations in the country, making them the go-to partner for factories, warehouses, and commercial buildings looking to cut energy costs.

7. SOLshare

Representing the innovative edge of Bangladesh's solar scene, SOLshare is a climate-tech company that goes beyond hardware. It created the world's first peer-to-peer (P2P) energy exchange network for solar microgrids. This platform allows households with solar panels to trade excess electricity with neighbors, optimizing renewable energy use at the community level and creating a new digital energy economy.

8. Green Power Ltd.

A established local firm with a strong commitment to sustainability, Green Power Ltd. is active across project development, system design, and installation. They are known for their adherence to quality standards and focus on tailored solutions for both private and public sector clients, contributing steadily to the country's installed solar capacity.

9. FarTech Ltd.

Operating since 2017, FarTech has positioned itself as a reliable supplier and technical consultant. They provide essential components like solar modules and inverters, along with project development services. Their role is crucial in the supply chain, ensuring that EPCs and installers have access to the necessary equipment for diverse projects.

10. Alfanar Group

This Saudi Arabian international conglomerate brings significant foreign investment and expertise to the Bangladeshi market. Through its subsidiary Alfanar Energy, it is involved in developing large-scale solar power projects. Their global experience in engineering, procurement, and construction (EPC) for utility-scale renewable assets adds a layer of international sophistication and financial heft to the local market's growth.

Market Note: The Role of Global Technology Partners

The success of top-tier EPCs and IPPs in Bangladesh often hinges on partnerships with global technology specialists like Grace Solar. While local companies provide indispensable market access and execution, international suppliers deliver the high-efficiency, bankable technology that ensures project longevity and return on investment. This symbiotic relationship is key to building a world-class solar infrastructure in Bangladesh.

How to Choose the Right Solar Partner in Bangladesh

Selecting a partner depends on your project type:

  • For Utility-Scale Ground-Mount Plants (>5MW): Prioritize IPPs like Joules Power or EPCs with proven large-project experience like SEBL. Crucially, ensure they use or are open to integrating high-performance infrastructure from global leaders like Grace Solar for trackers and mounting systems to maximize yield.
  • For Industrial Rooftops & C&I Projects: Specialists like Solaric Group are ideal. Verify the quality of the roof mounting system they propose, as it must protect your asset for 25+ years.
  • For Product Supply & Distribution: Turn to mass-market leaders like Super Star or reliable wholesalers like FarTech.
  • For Innovative Off-Grid & Community Projects: Explore the unique P2P platform offered by SOLshare.

Conclusion: The Future is Bright for Solar in Bangladesh

The Bangladeshi solar industry in 2026 is a vibrant and mature ecosystem. From local manufacturing and mass distribution to cutting-edge IPP development and global technology infusion, the top companies offer a complete spectrum of solutions. As the market continues to scale, the synergy between deep local expertise (as seen in leaders like Solarland and SEBL) and advanced international engineering (exemplified by partners like Grace Solar) will be the defining factor in achieving the nation's renewable energy goals efficiently and sustainably.

Disclaimer: This ranking is based on independent research of publicly available information, project portfolios, and market reputation as of early 2026. It is intended for informational purposes to guide stakeholders in the Bangladeshi solar energy sector.