Solar could help save $3 billion in LNG costs in 25 years: IEEFA
Bangladesh could save nearly $3 billion in liquefied natural gas (LNG) import costs over 25 years by developing 1 gigawatt (GW) of solar power capacity, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
The report, titled “Iran tensions underscore the urgency of Asia’s renewables pivot for macroeconomic stability”, warns that escalating geopolitical tensions are once again exposing the economic vulnerabilities of countries heavily dependent on imported fossil fuels.