Bangladesh is facing a tremendous energy crisis and the economic development of this country was jeopardized due to the lack of energy resources. Due to the progression of technology, the consumption of power is rising gradually. Adequate and consistent source of electricity is a key requirement for a constant and successful economic development. Due to the heavy dependence on natural gas and the possibility of this energy source to be exhausted in near future, an alternate way to find an energy source leads us in a path to renewable energy. In this paper, the current energy scenario is analyzed while the sources to renewable energy are explored. These renewable sources are briefly explained while the status and possibility of these resources in Bangladesh are investigated. Finally the social impacts of these renewable energy sources are scrutinized.