Solar Epc Development Ltd.

What Solar Epc Development Ltd. does

Solar EPC Development Ltd. is a Bangladesh-headquartered solar engineering, procurement, and construction (EPC) company founded in 2018, with its principal office in Dhaka and a regional operating base in Kuala Lumpur, Malaysia. Since 2019 the company has delivered more than 30 MWp of solar PV across 25+ sites and maintains a forward pipeline above 50 MW. Its customer base is anchored in Bangladesh's textile and ready-made garment (RMG) sector — including AKH Group, Rising Group, Ananta, and Sterling — supplemented by public-sector clients such as Mongla Port, Khulna City Corporation, and BRTA. The company holds ISO 9001 and ISO 45001 certifications and operates as a Huawei Platinum Partner, giving it preferred access to tier-1 inverter and balance-of-system supply.

The technical offering spans utility-scale ground-mount, rooftop, and floating solar PV systems, with Battery Energy Storage System (BESS) integration added in late 2024. Operations are supported by a proprietary Remote Monitoring System (RMS) for asset performance tracking and an in-house O&M capability. In May 2025 the company entered a joint venture with Germany's Sonnex Energie GmbH to establish a 500 MW solar module and equipment manufacturing hub, verticalizing supply for its EPC pipeline and signaling an intent to move beyond pure construction into equipment production. A parallel E-Mobility venture was launched in December 2024.

The business model is deliberately diversified across EPC contracting, long-tenor Power Purchase Agreements (PPA) and Corporate PPAs (CPPA), recurring Operations & Maintenance (O&M), carbon credit monetization, and equipment leasing. Founder-led by Ezaz Al Qudrat A Mazid, the company uses its PPA/CPPA structures (10–20 year terms) to convert one-off construction revenue into recurring, asset-backed cash flows while leveraging the EPC base to originate new PPA opportunities within its existing industrial client relationships.

Name

Solar Epc Development Ltd.

Legal name

Solar EPC Development Ltd.

Website

https://solarepcbd.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Solar EPC Development Ltd. is a Bangladesh-based solar engineering, procurement, and construction firm founded in 2018 that delivers utility-scale, rooftop, and floating solar systems, primarily to textile manufacturers and government entities, and is expanding into battery storage, e-mobility, and module manufacturing via a Sonnex Energie joint venture.

Ownership category

akta.pro rank

Product category

Solar EPC Services

NAICS

Solar Electric Power Generation (221114)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)

Keywords

• Solar EPC services
• Rooftop solar installation
• Power purchase agreements
• Floating solar systems
• Commercial solar financing

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. EPC Services: Engineering, Procurement, and Construction services for solar power projects covering the full lifecycle from feasibility to grid connection. Revenue is generated through project-based contracts.
2. Power Purchase Agreements (PPA/CPPA): Company finances, installs, and operates solar systems on client sites. Clients pay for electricity at agreed-upon tariffs over 10-20 year contract periods. Tariffs are typically 10-30% lower than grid rates.
3. Carbon Credits & RECs: Facilitates carbon credit monetization for clients with solar installations. Helps register systems under carbon market standards (VCS, CDM, Gold Standard) and sells carbon credits to international buyers.
4. Equipment Leasing: Escalated Tariff PPA model where clients lease solar systems for 5-10 years with fixed monthly payments. Ownership transfers at end of lease term. Provides passive income through equity investments and share purchase models.
5. O&M Services: Long-term operations and maintenance services including remote monitoring, preventive and corrective maintenance, monthly generation reports, and performance guarantees.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels10 records

Core offering

Solar EPC Development Ltd. designs, finances, engineers, procures, constructs, and operates solar photovoltaic power systems for commercial, industrial, utility, residential, and government clients across Bangladesh and the Asia-Pacific region. The company delivers turnkey solutions using an EPC+F model with multiple financing structures (CAPEX, OPEX, PPA/CPPA, solar loans), complemented by floating solar technology, battery energy storage integration, operations and maintenance services, and REC/carbon credit monetization.

Product overview

Solar EPC Development Ltd. offers a comprehensive portfolio of solar energy solutions organized into three core service pillars: C&I Solar Solutions (commercial & industrial rooftop solar, floating solar, and O&M), Residential Solar Solutions (individual households, housing societies, and SMEs), and Finance & Investment services (CPPA, PPA, RECs & Carbon Trading, EPC+F, Supply Chain Credit Program). The company provides end-to-end turnkey solutions through its EPC services, supported by Energy Storage Systems (ESS) for battery storage needs and a proprietary Remote Monitoring System (RMS) for real-time plant performance tracking. E-Mobility services are delivered through its sister concern E-Mobility Venture (Pvt) Ltd. The portfolio is complemented by project management, O&M services, and flexible financing models including solar loans, equity investments, and share purchase options.

Differentiator

Problem solved

Functional benefit

Products and services

• C&I Solar Solutions

Quantifiable outcome

• Electricity cost reduction of 20-40%
• +7 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered flagship, supporting and core.

• Sonnex Energie (Bangladesh) Ltd.flagshipStrategic or Co-development Partner · 13 May 2025Joint venture between Sonnex Energie GmbH and Solar EPC Development Ltd. to establish 500MW solar PV module manufacturing hub in Bangladesh by 2028, scaling to GW-level by 2035. Phase 1 focuses on market development for C&I sector and utility-scale projects.
• Sonnex Energie GmbHflagshipStrategic or Co-development Partner · 9 December 2024Strategic partnership announced at 21st Solar Exhibition Bangladesh for solar technology integration, project finance, and sustainable energy development. Partnership includes joint venture Sonnex Energie (Bangladesh) Ltd. established May 2025 for 500MW solar manufacturing hub and 50MW+ investment plans.
• UNICERT (United Certification Services Limited)supportingOthers · 6 November 2024Awarded ISO 9001:2015 and ISO 45001:2018 certifications to Solar EPC for quality management and occupational health & safety systems.
• HuaweicoreTechnology or IntegrationTechnology partner providing Huawei SUN2000 inverters and smart bifacial modules. Solar EPC received Platinum Partner Award from Huawei South Asia Digital Power Business Development.
• Canadian SolarcoreTechnology or IntegrationTechnology partner supplying PV modules. Used Canadian Solar 545 Wp modules in AKH Knitting & Dyeing project.
• Hengtong GroupcoreTechnology or IntegrationTechnology partner supplying cables for DC, AC, grounding, and communication applications. Mentioned in case studies for quality cable supply.
• PowerwaycoreTechnology or IntegrationTechnology partner supplying mounting structures, cable trays, and walkways for solar installations.
• SungrowcoreTechnology or IntegrationTechnology partner for energy storage systems and inverters. Featured at Sonnex Energie partnership launch event.
• Znshine SolarsupportingTechnology or IntegrationTechnology partner for solar module supply as part of the technology partner ecosystem.

Scale indicators15 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Jakson Group: India-based power and infrastructure company with a large C&I solar EPC business and module manufacturing. Closely comparable on business model (EPC + financing + O&M) and customer segment (industrial/commercial rooftops), and is an active regional competitor likely to enter Bangladesh as the market opens.
• Grameen Shakti: Bangladesh-based renewable energy social enterprise, a pioneer of the Solar Home System program in Bangladesh. Most directly comparable to Solar EPC as a domestic solar solutions provider operating at scale across Bangladesh, though historically weighted to off-grid/residential and rural electrification versus Solar EPC's C&I focus.
• Sun King: Global leader in off-grid and pay-as-you-go solar for emerging markets, serving residential and commercial customers across Africa and Asia with financing-led solar products. Comparable as an emerging-market solar provider with strong financing/distribution layer, though focused on smaller-scale systems rather than industrial MWp-scale projects.
• Rahimafrooz Renewable Energy: Diversified Bangladeshi conglomerate with a renewable energy division active in solar EPC and distributed generation in Bangladesh. Directly comparable geographic, customer, and product overlap with Solar EPC in the C&I rooftop segment, and competes for the same RMG/industrial client base.
• Fourth Partner Energy: India-based C&I-focused solar EPC and renewable energy company offering PPA, CAPEX, and O&M structures to industrial clients. Nearly identical business model to Solar EPC (financing-led C&I solar with rooftop focus), making it one of the closest functional peers despite operating in India rather than Bangladesh.
• SunEdison Infrastructure: India-based solar EPC and rooftop solutions company serving C&I and government customers with PPA/OPEX/CAPEX models. Closely comparable business model and customer profile to Solar EPC, and a likely regional competitor as Solar EPC expands into broader South Asia.

Broad incumbents

• Waaree Energies: India's largest solar module manufacturer with a growing EPC arm and presence across C&I, utility-scale, and rooftop segments. Comparable in offering breadth (modules + EPC + storage) and likely vertical integration ambitions, similar to Solar EPC's trajectory with the Sonnex manufacturing JV.
• Tata Power Solar: Subsidiary of India's Tata Power with one of the largest installed solar EPC bases in India, plus module manufacturing. Overlaps with Solar EPC on C&I rooftop and utility-scale EPC, but operates as a broad incumbent with deeper balance sheet and brand.
• Sterling and Wilson Solar: One of the largest solar EPC contractors globally, with strong South Asia and emerging market presence across utility-scale, C&I, and rooftop segments. Comparable as a solar EPC incumbent, but operates at materially larger scale and broader scope than Solar EPC.

Emerging players

• Ciel & Terre: France-based global pioneer and specialist in floating photovoltaic (FPV) systems with deployments across Asia, Europe, and Africa. Highly comparable to Solar EPC's floating solar capability, and is the most relevant technology peer as Solar EPC develops its FPV practice in Bangladesh and Asia-Pacific.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCjPcQDScyF5i1x4ro-efcwg
• Facebookfacebook.com/solarepcdevelopmentltd
• LinkedInlinkedin.com/company/solar-epc-development-ltd
• Instagraminstagram.com/solarepcbd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solar Epc Development Ltd.