Bangladesh is striving to become a developed nation by 2041, and renewable energy is expected to play a significant role in the energy sector. In an effort to contribute to the sustainable development of the country, Paragon has established its renewable energy wing, Parasol Energy Limited, which has installed a 210 KW mini grid solar project in an island in Kushtia, Bangladesh. Parasol has successfully completed the first industrial roof top solar energy project, with a capacity of 2 MW at different farms of Paragon Poultry Limited while another 3MW rooftop projects are currently undergoing.
On a joint venture with Symbior, a world-renowned energy company, Paragon has successfully established a 10.31 MW grid tied solar project at Panchagar and 2 separate 30 MW projects, each advancing in full pace.
Paragon converting its farm waste into electricity and organic fertilizer in 6/7 own installations from the beginning and consuming the electricity and the fertilizer for its own operations. Paragon believes in preservation of environment and working to find out the effective ways & means for the industries of the country to reduce industrial carbon footprint. Producing green electricity from solar power plants consuming for its own farms and supplying to the national grid and also offering the systems for others. Paragon is installing power generation plants in various locations of the country, after completion of those projects the total production will be of 60MW green electricity within 2021.