Does Cambodia have solar power?

Solar power capacity has been on a sharp ascent in Cambodia recently, increasing at a 10% annual rate from less than 1% of national generation capacity, however. Some 400-MW of solar-fueled power capacity is now connected to the national grid, according to the Department of Mines and Energy.

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.

What percentage of Cambodia's energy mix is solar?

Overall, solar accounted for 6.36% of Cambodia’s energy mix in 2021, according to data from the EDC. The country’s total installed capacity totaled 376.8 MW in 2021. In 2020, there were 296.80 MW of solar installed, representing 3.38% of the energy mix.

How many energy projects are coming to Cambodia?

The Cambodian Cabinet approved four energy projects this past April, a US$231 million hydroelectric power and three solar power projects with a combined, rated, maximum power capacity of 140 MW. The latter are expected to come online and dispatch power to the national grid by 2020 and 2021 in four different provinces.

Is Cambodia a good place to invest in solar energy?

Cambodia has one of the highest solar energy potentials in the region. The country plans to significantly scale up capacity in the coming decades to strengthen the energy grid and reach its net-zero emissions goals.

Will Cambodia increase its solar energy investment in 2020?

The Cambodian government has said it will increase its investments in solar energy by 12% by year-end 2020 and by 20% over the next three years, up from less than 1% at present. “So, in 2020, we will have about 15 percent from solar energy, and we will continue to further increase that number,” energy ministry director-general Vitor Jona said.