Is solar energy a good investment in Cambodia?

Already, there is growing awareness about solar energy in Cambodia, providing an excellent investment opportunity —while also the cheapest way for Cambodia’s EDC to buy electricity. Solar power purchase agreements in the region reached a low of USD 0.0387/kWh.

Does Cambodia have solar power?

Solar power capacity has been on a sharp ascent in Cambodia recently, increasing at a 10% annual rate from less than 1% of national generation capacity, however. Some 400-MW of solar-fueled power capacity is now connected to the national grid, according to the Department of Mines and Energy.

Why is Cambodia developing 2GW of solar capacity?

The development of 2GW of solar capacity is part of the Cambodian government’s plan to meet growing energy demand by expediting the adoption of renewable energy and boosting energy efficiency. How well do you really know your competitors?

Why is solar development important in Cambodia?

Solar development will increase investment in modernising the existing energy infrastructure. Plus, off-grid solar and micro-grids will help electrify rural regions that often face the largest energy access issues. Finally, Cambodia’s energy prices are some of the highest in the ASEAN.

How much does solar energy cost in Cambodia?

One of the promising traits of solar energy in Cambodia is its cost. The average electricity price for solar power is around USD 0.03 per kW, significantly lower than that of coal, which is USD 7.7 per kW.

Can solar power change the lives of rural communities in Cambodia?

Solar power purchase agreements in the region reached a low of USD 0.0387/kWh. Finally, solar can also change the lives of rural communities by providing a reliable and sorely needed energy solution. Going forward, Cambodia has potential.