Does Cambodia have solar power?

However, considering the country’s historical energy mix, the existing solar capacity appears positive. As of 2011, Cambodia had no solar power plants, and solar energy was not a part of the country’s energy mix. Cambodia’s current installed solar capacity is slightly over 400 MW, but the country is targeting 3.1 GW by 2040.

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 large-scale solar PV be developed in Cambodia?

It is regarded as a convincing example demonstrating the potential to develop cost-effective large-scale solar PV in Cambodia by uniting the public and private sectors. Phase II of the solar park, which totals 40 MW, was tendered in 2020 and awarded to Trina Solar with another record-low price of $0.026 per kWh.

Why are Cambodians investing in solar energy?

Cambodian households and businesses are also increasingly investing in behind-the-meter (BTM) solar energy systems as they’re much easier and faster to deploy and costs are lower than utility grid rates, market analysts highlight. Photovoltaic electricity potential in Cambodia. © 2017 The World Bank, Solar resource data: Solargis.

What are Cambodia's goals for solar energy?

With these opportunities in mind, the government has set ambitious targets for expanding solar energy in Cambodia, aiming to inject 2 GW of solar energy into the grid by 2030. This goal is supported by a range of policies designed to facilitate the growth of the solar sector, including incentives for investment and development.

Will solar power be a key part of Cambodia's Power Development Plan?

The country recently approved the Power Development Masterplan (2021–2040), covering an inspiring goal of increasing solar PV capacity to 1,000 MW by 2030 and 3,000 MW by 2040. Solar generation will need to be a key part of Cambodia's efforts to expand access to affordable power while also transitioning to cleaner energy.