French sports goods retailer Decathlon today announced it has partnered with Hyderabad-based corporate solar developer Fourth Partner Energy to procure solar power for its supplier network across Bangladesh. This move is in line with Decathlon’s global commitment to switch over to 100% RE across all its logistics and commercial facilities by 2026, it said.
As per the three-year deal, Fourth Partner Energy will execute rooftop solar projects at the sites of Decathlon’s premium suppliers in Bangladesh. It will target 15 MW across 12-15 facilities by December 2023 in Phase 1.
Sajid Syed, Head of International Business at Fourth Partner Energy, said, “In addition to a significant reduction in carbon emissions, switching to solar will reduce the electricity costs of Decathlon’s supplier network by 20-40% per unit.”
Fourth Partner Energy is targeting an operational portfolio of 150 MW in Bangladesh. “This country has tremendous potential for renewables, with a government-mandated 40 GW solar energy target by 2041. Fourth Partner Energy is keen on leveraging this opportunity,” said Syed.
In Bangladesh, Fourth Partner Energy has executed solar plants for SAN Apparels, Metro Knitting and Dyeing Mills, PANAM Group, and Denim Asia amongst others. The company has an operational portfolio of 950 MW of wind and solar assets across India and Southeast Asia.
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