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.

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.

Does Macau need a clean power supply?

However, Liu states that ensuring a clean power supply and reducing emissions will ensure that electricity remains affordable to Macau’s citizens. In Macau’s Dawan District, CEM is currently involved in constructing renewable energy sources such as offshore wind power and solar photovoltaic power generation.

What is the new energy ecosystem in Macau?

CEM believes that adequate stability, affordability, and clean efficiency are the three core elements of the new energy ecosystem. Given Macau’s high cost of land and mature economy, the SAR Government formulated an energy supply strategy with CSG as the main supplier, supplemented by local power generation.

Does offshore wind energy make sense in Macau?

“In our view, as external observers, offshore wind energy in Macau’s territorial waters makes sense, as does the development of distributed generation of photovoltaic energy. Macau has a lot of sun and many roofs. There is a potential to develop this vector in the medium-to-long term.”