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, too, has a vast untapped technical potential at 65 gigawatt-hours (GWh) per year. In other words, with up to eight hours of sunlight per day, Cambodia has some of the richest solar resources in Southeast Asia. Photovoltaic Power Potential in Cambodia. Source: Solargis

Does Cambodia have wind power?

Wind power also remains untapped and among the least explored renewable energy resources. In terms of total annual electrical capacity, the potential for wind power reaches up to 3,665 GWh. Fortunately, these opportunities aren’t likely to merely remain on paper. Cambodia, through experience, has shown that its energy system is highly adaptable.

Will Cambodia get more solar power by 2023?

Even though renewables now make up most of Cambodia’s energy, bigger ambitions are ahead. An additional 495 megawatts (MW) of electricity generation from seven solar power plants will be online by 2023. This will boost solar power’s share to 20% of installed power capacity.

Does Cambodia have a green future?

According to the Energy Transition Index, Cambodia still has work to do on virtually every aspect of the energy transition. However, the outlook is bright due to internal and external triggers that will speed up Cambodia’s green future in the coming years.