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European Union (EU) investors expressed strong interest in Bangladesh’s renewable energy sector during a session at the Bangladesh Investment Summit on April 9.
However, they stressed the importance of clear, transparent, and non-discriminatory trade policies to foster a competitive business environment.
The session, titled “Unlocking the Potential of Bangladesh for Investors in Renewable Energy,” was co-hosted by the EU and the Bangladesh Investment Development Authority (BIDA). Michael Miller, the EU Ambassador to Bangladesh, delivered the keynote address, highlighting the EU’s commitment to investing in Bangladesh’s clean energy sector.
Miller noted that the EU has already invested $1.3 billion in the country’s renewable energy efforts under its Global Gateway initiative. He identified three key reasons why EU investors are attracted to Bangladesh: the country’s potential as a trade partner, the opportunity to assist Bangladesh’s interim government, and the shared goals of prosperity, sustainability, and addressing climate change.
The ambassador emphasized that EU investors are particularly focused on reducing carbon emissions, aligning with their green economy agenda, which prioritizes clean energy investments.
