Is Macau a good place to invest in solar energy?

Song and colleagues have no doubts: “Macau has some of the richest solar resources in the world” (with average annual sunlight time exceeding 1000 h, providing about 5000 MJ/m 2 ). “Clearly, Macau has a tremendous potential for developing solar energy, especially a grid-connected photovoltaic system.

How much solar power does Macau generate a year?

With an area of 30.4 (about 3.04E+7 ), and assuming that 10% of the buildings will install solar panels, Macau could generate about 507.68 million kWh of electricity per year with this method, making solar-generated power a major part of the local electricity mix in Macau. Grid-connected photovoltaic system with roof-top solar technology in Macau.

Can Macao increase solar energy?

The Macao government also sees an opportunity to increase solar energy. To encourage the installation of PV systems, officials passed a set of safety and installation regulations in 2015.

Does Macao have a photovoltaic energy contract?

The regulations require investors to enter into a 20-year contract for the purchase of photovoltaic energy with Macao’s sole energy service provider, Companhia de Electricidade de Macau (CEM). Essentially CEM will purchase the electricity produced to ensure investors profit within a reasonable period.

How can Macau achieve energy sustainability?

Therefore, Macau needs to both continue and improve energy-saving education, especially in elementary schools, to foster energy-saving habits in childhood. Efficient use of energy in buildings and in the transportation sector is the key to attaining energy sustainability in the city of Macau.

Why is energy consumption a problem in Macau?

With the rapid economic development occurring in Macau, along with increased prosperity and tourism in recent years, energy consumption in Macau has also been growing rapidly. This increasing demand for energy is a challenge for Macau—an area extremely poor in natural resources.