Analytical Hierarchy Process and Economic Analysis for Optimal Renewable Sites in Bangladesh

Abstract

Bangladesh has a huge potential for utilizing renewable energy with the availability of sources for solar, wind, hydro, and biogas. This paper provides a comprehensive analysis of the potential for renewable energy sources and predicts optimal sites for renewable plant implementation in Bangladesh. A country-wise mapping approach is followed by validation of prediction using Multi-Criteria Decision Analysis (MCDA) known as Analytical Hierarchy Process (AHP) which will aid in the planning and execution of Bangladesh’s upcoming expansion of renewable farms and will also be a useful tool for policymakers. Moreover, an economic analysis for 50 MW solar and wind power plant has been presented to estimate the Levelized Cost of Electricity (LCoE) of the system and society. This work predicts the enormous potential for the expansion of renewable energy by assessing the appropriate future sites, economic viability, and cost estimation from Bangladesh’s perspective.

Role of Renewable Energy Policy in Ensuring Net-Zero Carbon Emissions and Energy Sustainability: A Bangladesh Perspective

“…Bangladesh has an ample supply of renewable energy sources (Amin et al 2016). The above discussions demonstrate the availability of hydro, solar, biomass, and wind as renewable sources of energy.…”