Solaric Group, founded in 2009 by scientist Didar Islam, is a leader in renewable energy, focusing on innovative solar solutions. With its headquarters in Singapore and subsidiaries in Bangladesh and California, Solaric’s operations span multinational companies, industrial manufacturers, and its landmark project—a 60MW rooftop solar installation at the Korean Export Processing Zone (KEPZ). The company aims to achieve 300MW of solar energy installations by 2026.

Early innovations and global expansion

Didar Islam, Managing Director and CEO of Solaric, completed his education at BUET and the University of Florida, later earning 10 US patents for his groundbreaking work in electronics. Since founding Solaric, he’s led its transformation from supplying off-grid solar systems for rural Bangladesh to becoming a global renewable energy provider. Early achievements include installing the world’s largest rooftop solar solution at Youngone Group in Chittagong and expanding operations to India, Pakistan, Malaysia, and Africa.

Transition to on-grid solar projects

By 2018, Solaric shifted focus to on-grid solar projects targeting high-energy-demand industrial rooftops. Initial installations, like a 324KW system at Debonair Group, validated the potential of solar as a cost-effective and sustainable energy source. As solar costs dropped and conventional energy costs rose, Solaric’s predictions about solar’s viability proved accurate.

Bangladesh, as the world’s second-largest garment producer, offers vast potential for rooftop solar installations, potentially generating 3,000–4,000MW of solar energy. However, challenges such as land limitations, investment-unfriendly environments, and inconsistent policies hinder growth.

Policy and investment challenges

For Bangladesh to meet its renewable energy goals, long-term policy support and investment are essential. Didar Islam emphasizes the need for stable policies to attract domestic and international investment. Without such support, achieving sustainability and energy security becomes increasingly difficult.

Innovative solar solutions

Solaric customizes solutions for each client. For instance, it addressed a factory’s low gas pressure issue by integrating a specialized device, enabling compatibility with rooftop solar. Beyond rooftops, the company advocates for policies like “open access,” which allows factories to install solar projects on remote lands and transmit power via grid lines. Although common internationally, this practice lacks implementation in Bangladesh.

One of Solaric’s groundbreaking innovations is the development of green hydrogen as an energy storage solution. Hydrogen, generated using solar power, can replace batteries for powering boilers and generators. This sustainable technology could revolutionize industrial energy storage.

Future of solar energy in Bangladesh

Bangladesh aims to produce 30% of its energy from renewable sources by 2041. With supportive policies, Solaric believes this target is achievable. For example, underutilized tea garden lands could host solar projects, significantly increasing energy output while generating higher economic returns.

Sustainability and global impact

Solaric integrates sustainability into its operations by reducing greenhouse gas emissions and aligning with UN Climate Change Conference (COP26) goals. The company supports clients in obtaining Renewable Energy Certificates (RSCs) and is committed to advancing green hydrogen technology as the next major development in renewable energy.

Conclusion

Solaric’s journey reflects a commitment to innovation, sustainability, and expanding access to renewable energy. With a strategic focus on policy advocacy and technological advancements, the company is well-positioned to drive significant progress in Bangladesh’s renewable energy sector and beyond.