Bangladesh is experiencing an acute shortage of electricpower that is likely to be worsening day by day which stresses the need for the deployment of renewable energy resources to extenuate this energy crisis. Since Bangladesh is a country which is abundant in natural resources; the substantial availability of renewable energy sources in the form of solar, biomass, biogas, hydropower and wind energy can provide opportunities of sustainable energy based development. In Bangladesh, nearly 72% of thepopulation lives in rural areas and renewable energy is considered to be the right choice for providing clean energy to these remote settlements. Bangladesh has a vast potential forrenewable energy and the natural availability of alternative energy creates opportunities of growth in power sector. Not only the technologies should be developed to produce energy in an environment friendly manner but also enough importance should be given to conserve the energy in most efficient form.