Title: SWOT Analysis of a Solar Panel Supply, Installation and Commissioning
Company in Bangladesh
Submitted by: Group 1, Roll No, 01 to 05, Date: 22 June, 2024
Subject: Fundamentals of Economics
Course: PSCM, BIGM.
Strength Weakness
1. Cost-Effective Labor: Bangladesh's labor market offers 1. Scarcity of Skilled Resources: There is a notable
competitive pricing, which can reduce overall project shortage of skilled professionals in the solar industry.
costs. 2. Knowledge Gap: Technical expertise in solar
2. Robust Market Demand: A significant number of technologies needs further development.
government and private establishments are exploring 3. Bureaucratic Hurdles: The complexity of business
rooftop solar solutions. establishment procedures limits market entry.
3. Emerging Market for Floating Solar: The unique 4. Unpredictable Taxation: Fluctuating VAT/TAX rates
geographical landscape of Bangladesh presents complicate long-term investment return assessments.
substantial opportunities for floating solar projects in 5. Limited Financing Options: Access to loans and long-
the near future. term financing is restricted, hindering growth.
4. Dedicated Regulatory Authority: The establishment of 6. Challenging Business Expansion: The current business
SREDA underscores the government's commitment to climate makes horizontal and vertical growth
clean energy initiatives. strenuous.
5. Net Metering Benefits: The net metering framework
provides tangible financial advantages for factories,
enhancing operational profitability.
6. Renewable Energy Commitment: Bangladesh is aiming
to generate 4,100 MW of clean energy by 2030, with
solar energy expected to contribute 2,277 MW.
7. Rapid Solar Capacity Growth: The country's solar
capacity is expanding, particularly through the world's
largest off-grid solar system program, the Rural
Electrification and Renewable Energy Development
(RERED) Project.
Opportunity Threat
1. Achievement of Renewable Energy Targets: The 1. Attractiveness to Business Houses: Despite the
national goals for renewable energy can be met demand and potential, the lack of skilled labor and a
through strategic investments in solar power. conducive business environment may deter
2. Long-Term Cost Savings: Solar energy promises investment, impacting the nation's long-term
reduced power consumption costs over time. renewable energy goals.
3. Increased Manufacturing Profitability: Lower 2. Policy and Regulatory Risks: High import duties on
production costs due to solar energy usage can lead to solar accessories could impede the growth of rooftop
higher profit margins. solar projects
4. Environmental and Climate Goals: Solar energy
adoption aligns with green environment initiatives and
climate resilience objectives.
