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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.
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.
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.
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.
Phnom Penh needs some 400 megawatts. We will increase the energy generation capacity by coal-fired power plants,” the Premier was quoted in news reports. 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.
Searching for alternative options, Cambodia joins a growing list of national governments who have come around to seeing solar and other distributed, emissions-free renewable energy resources as a cost-effective means of achieving national electrification, as well as national and international climate change and renewable energy, goals.
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