Radiant Alliance Limited started its maiden journey in October 2010. Its main aim is to provide electricity at an affordable price to remote areas of Bangladesh by using Solar Power; a renewable and green energy source. Radiant Alliance Limited is in a strategic partnership with one of the world’s renowned Solar Cell Manufacturer, Renewable Energy Corporation (REC) of Norway for its basic raw materials, the Photovoltaic (PV) Solar Cell. Radiant Alliance Limited has established global partnership with Solar Module Manufacturers Surana Ventures, India to launch its own 10 MW Solar PV Modules assembling facilities in Bangladesh.
However, the company plans to begin its initial operation with an annual capacity of 5 MW in the first phase. Construction work of the factory at Ashulia, Savar, has already been completed. The plant is fully operational since the mid of January 2012. It is worth mentioning that a major portion of the Radiant Alliance Limited was financed by IDCOL a loan at subsidized rate.