Cambodia solar panels price 2024

Will Cambodia invest 210 billion in solar energy by 2043?

Phnom Penh, Cambodia – The Cambodian government has announced a historic investment plan in solar energy projects worth over 210 billion baht by 2043. This is part of its Power Development Masterplan (PDP) to transition the country towards clean energy and reduce carbon dioxide emissions.

What is Cambodia's Solar Power Plan 2022-2024?

Cambodia published its “Power Development Plan 2022-2024” (PDP) in December 2022, setting a solar additions target of 3,155 MW by 2040. According to the latest statistics of the International Renewable Energy Agency (IRENA), the Southeast Asian country had 456 MW of installed solar capacity at the end of 2022.

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.

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.

Why did Cambodia's solar panel exports decline in 2024?

As a result, Cambodia’s exports experienced a significant drop in the early months of 2024, with similar declines seen in Malaysia, Thailand, and Vietnam. Domestically, Cambodia’s solar panel industry is confronted by challenges from unstable electricity supply and high transportation costs.

How many solar projects are there in Cambodia?

Of these, four are PV projects, comprising a 150 MW project in Pursat province, an 80 MW project in Prey Veng province, a 60 MW project in Kampong Chhnang province, and a 60 MW project in Svay Rieng province. Cambodia published its “Power Development Plan 2022-2024” (PDP) in December 2022, setting a solar additions target of 3,155 MW by 2040.