, Cambodia

Cambodia to expand renewables capacity under Power Development Plan

The country may need $9.1b to support the development plan.

Cambodia targets to ramp up its renewable energy capacity under the Power Development Plan 2022 to 2040, with the Ministry of Mines and Energy estimating a $9.1b investment needed to meet the goals.

In a report, BMI Country Risks & Industry Analysis noted that under the plan, Cambodia plans to increase its solar power capacity to 1,000 megawatts (MW) by 2030 and 3,155MW by 2040.

In line with this, the country approved four solar projects in April with a total of 350MW which included the 150MW project in Pursat, 80MW in Prey Veng, 60MW in Kampong Chhnang, and 60MW in Svay Rieng.

READ MORE: Conventional thermal power to continue dominating Cambodia’s power market

Of the $9.1b estimated investments, $2.5b has already been allocated for ongoing projects until 2025, whilst the remaining $6.6b will be allotted to hydropower, solar, battery energy storage, natural gas, and biomass from 2026.

“We believe that this will present significant upsides to the market's expansion of renewables, with more policy and regulatory support for the sector to follow. We highlight that while natural gas is included in the PDP, the power type has yet to emerge in the market, and we forecast that to remain so given the current lack of gas-fired power projects in development,” BMI said.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition
Some steps they could take are implementing green tariffs and setting infrastructure funds.
Global clean energy tech market to hit $2t by 2035
This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

Exclusives

Coal-dependent ASEAN told to scale up RE generation
A regional power grid could help governments in their renewable energy transition.
Indonesia told to tap communities in clean energy transition
Solar and wind power managed by villages could generate 96 million jobs over 25 years.
Indonesia to add 90 MW geothermal capacity
Three power plants in West and East Java and North Sumatra will start operating this year.