Bangladesh is blessed with abundant solar resources. Solar power is considered the most desirable energy source to mitigate the high energy demand of this densely populated country. Although various articles deal with solar energy applications in Bangladesh, no detailed review can be found in the literature. Therefore, in this study, we report on the current scenario of renewable energy in Bangladesh and the most significant potential of solar energy’s contribution among multiple renewable energy resources in mitigating energy demand. One main objective of this analysis was to outline the overall view of solar energy applications in Bangladesh to date, as well as the ongoing development of such projects. The technical and theoretical solar energy potential and the technologies available to harvest solar energy were also investigated. A detailed techno-economic design of solar power applications for the garment industry was also simulated to determine the potential of solar energy for this specific scenario. Additionally, renewable energy policies applied in Bangladesh to date are discussed comprehensively, with an emphasis on various ongoing projects undertaken by the government. Moreover, we elaborate global insight into solar power applications and compare Bangladesh’s current solar power scenario with that of other regions worldwide. Furthermore, the potential of artificial intelligence to accelerate solar energy enhancement is delineated comprehensively. Therefore, in this study, we determined the national scenarios of solar power implementation in Bangladesh and projected the most promising approaches for large-scale solar energy applications using artificial intelligence approaches.