ERESI Solar is leading the way when it comes to Renewable Energy in Bangladesh. Established in 2017 in Denmark, our goal is to encourage the use of solar projects in Bangladesh and provide our customers with sustainable, green, and cheaper energy.
With our turnkey solution, we take care of the entire process from development to financing, installation, operations, maintenance, and management. This end-to-end solution gives us the benefit to scale our business enabling us to offer our clients highly competitive prices.
We proudly participate in the development of a sustainable world and a greener planet. Our growth plan will ensure us to further strengthen our leading position.
Objectives
- ERESI Solar has the ambition to be the biggest provider of solar energy for the industrial world of Bangladesh.
- Supplying Green Power to the fast-growing industry enables ERESI Solar to make an impact for a sustainable world.
- ERESI Solar is determined to contribute to the sustainability of our large industrial network in the Garment Sector which holds 80% of the country’s GDP.
- A dis-functioning and outdated electricity infrastructure creating power failure and yearly high increasing electricity prices will be avoided by the transition to Solar Energy.
- ERESI Solar will be the alternative to the expensive grid and pollutive existing system.
Our Value Propositions
The need for sustainable energy has escalated and forecasts indicate this will increase many times over to meet the rising demand in the industrial sector, transportation, public sectors, and private households. With our solution, ERESI Solar enables the Bangladeshi population and government to achieve their sustainable ambitions to reduce the dependence on fossil fuels.
- ERESI Solar can provide the fast-growing industry with our end-to-end solution
- ERESIs solution secures that our clients are no longer dependent on the unreliable national grid, diesel and/or gas for generators during power-cuts, but will use green solar energy during daytime
- We have a dynamic growing portfolio, which means we are contributing to a greener production and thereby a greener planet
- Our scalability permits us to grow by a factor 10 within 5 years to even further the use of sustainable energy
- Proven concept and cases around Dhaka Industrial Area
- Tier one industrial clients
Solutions
Rooftop Solar Systems empower consumers with two distinct benefits: Savings on power costs and contribution to the environment by going green. When it comes to the investment options in rooftop solar systems, the most popular models are OPEX and CAPEX.
OPEX Model
is a system where the developer owns the solar project.
- The consumer only pays for the energy generated.
- Rooftop installed under OPEX requires the consumer to enter into a long-term legally binding Power Purchase Agreement (PPA) the supply of power.
- PPA can be signed from 15-25 years and the consumer is expected to pay a predetermined fixed tariff for the entire duration of the PPA.
- Any excess electricity generated may be injected into the grid with a bi-directional meter.
- The developer will be the system’s owner for the entire duration of the PPA, thereafter the ownership will be taken over by the consumer.
- The developer provides Operation & Maintenance for the entire duration of the PPA.
- The developer will insure the Solar Panel installation.
CAPEX Model
is a self-funding model where the consumer buys a Turn-Key Solar Project.
- The consumer must bear all the capital expenses incurred in stalling a rooftop system upfront.
- All Operation and Maintenance and expenses incurred is borne by the consumer. It also includes the cost of equipment, labor, upgrades, and other material costs.
- CAPEX model will eventually be a cheaper model after repayment of debt, but it also requires investment.
- The consumer will have to bear all expenses for insurance.
The Market
The Economy of Bangladesh is characterised as a developing market economy. In the decade following 2004, Bangladesh averaged a GDP growth of 4.5%. This growth had been largely driven by its exports of ready made garments, and the domestic agricultural sector.
The economy of Bangladesh is a major developing market economy and are set to become the ninth-largest consumer market in the world by 2030. Furthermore, the government of Bangladesh has set a target of generating 40% of its energy from renewable sources by 2041.
Our Mission & Economic Social Governance
Addressing vulnerability to climate change and natural disasters will help Bangladesh to continue to build resilience to future climate challenges. Pivoting towards green growth would support the sustainability of development outcomes for the next generation.
Meet the team
Denmark
Steen Berntsen
Member of the Advisory Board
Kenneth Berntsen
CEO and Founding Partner
Steen Dyrstad
Partner
Bettina Jørgensen
Head of Administration
Debbie Tan
Member of the Advisory Board
Bangladesh
Monir Ruzzaman
Managing Director ERESI BD Ltd.
Lutfa Jahan
Senior Manager Financials & Banking
Sohel Aziz
Technical Manager
Contact us
Any questions? Don’t hesitate to contact us and we will get back to you as soon as possible.
Eresi Solar ApS
Maglebjergvej 4
DK-2800 Kongens Lyngby
Denmark
+45 20638314
info@eresisolar.com
ERESI BD LTD.
House #4, 2/f, Road #12
Nikujo 2, Dhaka
Bangladesh
+880 1819250741
info@eresisolar.com