Bangladesh's new energy policy hits heavy ground

Recently, Bangladesh officially released its national budget for the 2026-2027 fiscal year, intensively introducing multiple renewable energy tax incentive policies. Through multiple benefits such as exemption of import taxes and fees, reduction of corporate income tax, support for green finance, and relaxation of industry supervision, the country is fully promoting the green transformation of its energy structure. For foreign trade enterprises that are deeply involved in the international logistics export track of new energy equipment, this policy dividend will significantly reduce the cost of China's photovoltaic, energy storage, lithium battery, and new energy transportation supporting equipment going abroad. With the advantage of China's perfect new energy industry chain, China Bangladesh green economic and trade cooperation will usher in an unprecedented window of development.

This time, the tax incentives offered by Bangladesh are unprecedented, directly covering the core products of the entire photovoltaic energy storage industry chain. The new policy clarifies that equipment such as photovoltaic modules, solar inverters, photovoltaic brackets, lithium-ion batteries, energy storage systems, battery management systems, and photovoltaic DC cables are exempt from import tariffs, regulatory taxes, surcharges, and pre paid taxes. Multiple import tax exemption policies are valid until 2030 at the longest; The exemption policy for corporate income tax on solar power generation projects has been extended until 2035. Enterprises investing in new photovoltaic power plants can be exempted from operating profit income tax for ten consecutive years. Ordinary industrial, commercial, and residential use of self luminous photovoltaic power can also enjoy a 5% deduction of electricity income tax. At the same time, tax incentives for electric freight vehicles and public transportation have been extended, import tax rates for passenger cars below $25000 have been significantly reduced, and charging stations and supporting equipment are fully exempt from import taxes and fees. According to industry calculations, this series of tax reduction policies can directly reduce the overall construction cost of local photovoltaic projects in Bangladesh by 25% -30%, greatly stimulating the investment and landing demand for local distributed photovoltaic, centralized energy storage, and new energy transportation projects.

Bangladesh's electricity supply has always been highly dependent on fossil fuels such as natural gas and coal, with fossil fuel power generation accounting for nearly 98% of the country's total power generation. Frequent fluctuations in international energy prices and local energy supply shortages have long constrained local industrial development. In order to overcome the dilemma of high dependence on external energy, Bangladesh has set clear medium - and long-term green development goals: the proportion of renewable energy electricity supply will reach 20% by 2030 and increase to 30% by 2040. At present, the total installed capacity of renewable energy in the country is only 1781.09 megawatts, with 26 new energy power stations under construction and 15 projects in the bidding stage. In the coming years, the demand for photovoltaic and energy storage project construction will be concentrated and released. To ensure the steady development of the industry, the local government has not only established a special policy committee to optimize the regulatory process of the new energy industry, but also provided a $75 million green special loan from the Asian Infrastructure Investment Bank and the New Development Bank. The Bangladesh Central Bank has implemented a 10 billion taka green refinancing plan, providing low-cost financial support for overseas investment enterprises and local new energy manufacturers, paving the way for the development of the green industry in all aspects.

As the core import source country of new energy equipment in Bangladesh, domestic photovoltaic, energy storage, and lithium battery enterprises will be the first to enjoy the export dividends brought by tariff clearance. After the significant elimination of tariff barriers, the price advantage of domestically produced new energy equipment will be further amplified. A large number of rooftop photovoltaics, large-scale energy storage power stations, and new energy supporting projects will prioritize the purchase of Chinese equipment. Whether it is large-scale export of complete machines or foreign trade orders for components such as batteries, cables, and structural parts, market demand will continue to explode.

Based on years of practical experience in the export logistics of dangerous goods and new energy equipment, our company is deeply engaged in the full chain service of dangerous goods sea freight, maritime declaration, and full container export of new energy equipment at South China ports. We can undertake the shipment business of various new energy products such as photovoltaic modules, energy storage batteries, lithium battery packs, etc. to ports in Guangzhou, Shenzhen, Shanghai, Qingdao, etc. We can provide stable bulk container shipping solutions for large new energy manufacturers, as well as meet the diversified logistics needs of small and medium-sized foreign trade enterprises for LCL and small batch shipments.

With the comprehensive acceleration of Bangladesh's energy transformation process, the next five years will be the golden period for China's new energy equipment to go global to South Asia. Under the policy trend, compliant, stable, efficient and worry free international logistics is a solid backing for enterprises to seize overseas orders. We will continue to keep up with the latest trends in foreign trade tariffs and import/export compliance policies in various countries, and use our professional expertise in dangerous goods export, stable shipping resources, and one-stop logistics solutions to help domestic new energy enterprises set sail overseas, deeply cultivate the South Asian blue ocean market, and work together to seize new opportunities for green foreign trade development.

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