Solar Energy Cambodia: Future Trends
This article explores the current state of solar energy in Cambodia, emerging trends, business opportunities, and the challenges
This article explores the current state of solar energy in Cambodia, emerging trends, business opportunities, and the challenges
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Cambodia is undergoing a transformative shift toward renewable energy, with solar power emerging as a crucial solution to the country’s growing energy demands.
1. The Current State of Solar Energy in Cambodia Cambodia’s solar energy sector has grown significantly in recent years. As of 2022, the country had installed around 432 MW of solar capacity, with a goal of reaching 1,000 MW by 2030.
Key solar projects include: Bavet Solar Power Plant (60 MW) —Cambodia’s first large-scale solar farm. Kampong Chhnang Solar Farm (100 MW) —A major investment in clean energy. Floating Solar Plant in Pursat —The country’s first floating solar project, enhancing land-use efficiency.
The cost of solar photovoltaic (PV) systems has dropped by over 80% in the last decade. In Cambodia, utility-scale solar can now be developed for under $0.06/kWh, making it cheaper than diesel or coal. The Ministry of Mines and Energy (MIME) and Electricité du Cambodge (EDC) have launched multiple solar tenders and pilot projects.