How much does solar power cost in Cambodia?

The first phase of Cambodia’s national solar power project, for 60 MW, was opened to private sector bidding and resulted in the lowest procurement price for grid-connected solar power in all of ASEAN, at 3.89 USD cents/KWh, Gill said.

Where are solar power plants located in Cambodia?

Currently, solar power plants providing a total of 160 mW are located in Bavet city, Svay Rieng province, Kampong Speu province, and Kampong Chhnang province. Cambodia’s existing solar power stations are already generating energy and linked to the grids.

Is solar energy a good investment in Cambodia?

According to the International Renewable Energy Agency ( IREA ), access to solar energy in Cambodia is 11 times higher than it was just a few years ago. Approximately one third of a million households, or 8.4% of overall Cambodia households, are benefiting from off-grid or micro-grid solar (Cambodia Socio-Economic Survey).

Does Cambodia have solar power?

Cambodia benefits from consistent sunshine year round, making it perfectly suited to solar power production. A 2016 Mekong Strategic Partners report estimated that the country has the potential to generate 700MW of electricity through solar power.

Are solar panels legal in Cambodia?

UNDP’s Beresford highlighted difficulties with regulations. For example, feed-in tariffs are not permitted in Cambodia – these are small payments made to households or businesses who generate their own clean electricity and feed it into the grid. There are also strict regulations on rooftop solar panels.

How much solar energy is used in Cambodia in 2021?

The solar energy source usage in 2021 has increased almost double compared to the amount used in 2020. By 2023, 7 solar power plants with a total capacity of 495 megawatts will be operational, contributing about 20% of Cambodia’s total energy supply.