Project Profile of Solar Panel Assembly and Distribution Business in Bangladesh

The demand for renewable energy in Bangladesh is increasing rapidly. Solar energy is one of the most promising sectors for investment. Therefore, setting up a solar panel assembly and distribution business in Bangladesh can be highly profitable. This project profile explores the market, required investment, technology, production process, and financial projections for starting a medium-scale solar panel assembly unit.

Project Profile of Solar Panel Assembly and Distribution Business in Bangladesh

1. Introduction

Bangladesh faces frequent power shortages and energy crises. Solar energy provides a sustainable alternative for households, industries, and commercial applications. With government support, policies encouraging renewable energy, and increasing awareness, solar energy projects are gaining momentum.

A solar panel assembly and distribution business focuses on importing solar cells, assembling them into panels, and distributing finished panels to local customers, solar solution providers, and industries.

2. Business Opportunity

The solar energy market in Bangladesh is growing at an estimated 15–20% annually. Both off-grid and on-grid solar installations are increasing in urban and rural areas. Besides residential rooftops, solar panels are in demand for:

  • Commercial buildings

  • Agriculture irrigation systems

  • Telecommunication towers

  • Remote areas without grid access

The government of Bangladesh also offers incentives for renewable energy projects, such as tax exemptions, soft loans, and reduced import duties on solar cells and related equipment.

3. Project Overview

Particulars Details
Business Type Solar Panel Assembly & Distribution
Location Industrial Zone / Special Economic Zone
Production Capacity 1,000 panels per month (medium-scale)
Products 50W, 100W, 250W, 500W solar panels
Market Bangladesh households, commercial sectors, NGOs, government projects
Investment Approx. BDT 1.20–1.50 crore
Break-even Period 3–4 years
Project Life 10 years

4. Technology and Machinery

Modern solar panel assembly requires semi-automatic or fully automatic machines. Essential machinery includes:

Machinery & Equipment Quantity Approx. Cost (BDT)
Solar Cell Stringer 1 15,00,000
Laminator 1 22,00,000
Solar Panel Framing Machine 1 10,00,000
EVA Sheet Cutter 1 3,50,000
Junction Box & Wiring Station 1 2,00,000
Testing Equipment 1 5,00,000
Miscellaneous Tools & Fixtures - 3,00,000

Total Machinery Cost: BDT 60,50,000

Besides machinery, a clean and controlled assembly environment is required. Humidity and dust control are crucial for maintaining solar panel quality.

5. Raw Materials

Raw materials are the backbone of this business. Most solar cells are imported, while other materials like aluminum frames, glass sheets, EVA sheets, and junction boxes can be sourced locally or imported.

Raw Material Monthly Requirement Cost (BDT) Supplier
Solar Cells 1,000 panels 35,00,000 Import (China, India)
Glass Sheet 1,000 panels 6,00,000 Local Supplier
Aluminum Frame 1,000 panels 4,50,000 Local Supplier
EVA Sheet 1,000 panels 2,50,000 Import/Local
Junction Box & Wiring 1,000 panels 1,50,000 Local Supplier

Total Raw Material Cost: BDT 49,50,000

6. Production Process

The solar panel assembly process involves the following steps:

  1. Solar Cell Stringing: Connect individual solar cells in series using a tabbing wire.

  2. Lay-Up: Place cells between EVA sheets and protective glass.

  3. Lamination: Use a laminator to seal cells with EVA sheets under heat and vacuum.

  4. Framing: Fix the laminated panel into an aluminum frame.

  5. Junction Box & Wiring: Attach the junction box at the back and connect wiring.

  6. Testing & Quality Check: Test electrical parameters, insulation resistance, and performance.

  7. Packaging & Distribution: Pack panels carefully to prevent damage during transportation.

7. Manpower Requirement

Designation No. of Staff Monthly Salary (BDT)
Production Manager 1 80,000
Technician 5 30,000
Quality Controller 2 35,000
Helper/Assembly Staff 10 15,000
Admin & Accounts 2 25,000
Sales & Marketing 3 30,000

Total Monthly Salary: BDT 6,50,000

8. Investment & Working Capital

Particulars Amount (BDT)
Land & Building 25,00,000
Machinery & Equipment 60,50,000
Raw Materials (initial stock) 49,50,000
Furniture & Office Setup 5,00,000
Working Capital 20,00,000

Total Investment: BDT 1,60,00,000

9. Revenue Projection

Assuming the sale of 1,000 panels per month at an average price of BDT 60,000 per panel:

Particulars Amount (BDT)
Monthly Production 1,000 panels
Selling Price per Panel 60,000
Monthly Revenue 6,00,00,000
Annual Revenue 72,00,00,000

Net Profit Margin: 15–20%
Estimated Annual Profit: BDT 10,80,00,000 – 14,40,00,000

10. Marketing Strategy

Effective marketing ensures faster growth. Strategies include:

  • Partnering with solar solution providers and EPC contractors.

  • Promoting through social media, exhibitions, and trade fairs.

  • Offering installation packages to residential and commercial clients.

  • Targeting NGOs and government renewable energy projects.

  • Providing warranty and after-sales services.

11. Risk Analysis

Risk Mitigation
Price Fluctuation of Solar Cells Bulk purchase agreements, import from multiple countries
Competition from Imported Panels High-quality assembly, local distribution, after-sales support
Power and Supply Interruptions Use of backup generators and stabilizers
Operational Errors Staff training, SOPs, quality control

12. Environmental Impact

Solar energy projects are eco-friendly. Assembly units produce minimal pollution. Waste glass and EVA sheets should be recycled to reduce environmental impact. Proper disposal of defective solar cells is necessary.

13. Government Support

The Bangladesh government promotes renewable energy projects through:

  • Tax exemptions on solar cell imports

  • Low-interest loans for renewable energy businesses

  • Subsidies for solar home systems and mini-grids

These incentives make solar panel assembly a bankable and profitable venture.

14. Conclusion

The solar panel assembly and distribution business is highly promising in Bangladesh. With increasing demand, government incentives, and global focus on renewable energy, this project can yield strong returns. A medium-scale setup with proper marketing and management can break even within 3–4 years.

Call to Action

We make bankable project profiles in Bangladesh and abroad. Whether you want to start a solar panel business or any industrial venture, we provide ready-to-use, investor-ready profiles.

📱 Mobile: 01716752370
🌐 Website: www.projectprofilebd.com

Start your profitable solar venture today!

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