Cambodian trapezoidal solar photovoltaic panels

Why are solar panels becoming a trend in Cambodia?

For decades, Cambodia’s high economic growth has been fueled by strong garment exports, supported by tourism. However, a new trend in the country’s exports has emerged in the past two years – a sharp increase in electrical and electronics (E&E) manufacturing products, particularly solar panels.

Does Cambodia export solar panels?

In 2022, Cambodia’s solar panel exports soared by 2.8 times year-on-year to USD1.0 billion; the share of solar panel exports to the country’s total exports rose to 4.6 percent from 1.4 percent.

Why should Cambodia invest in solar panels?

Despite facing significant challenges, Cambodia possesses several advantages that would support the continued development of its solar panel industry. Cambodia can diversify its export destinations from the U.S. to developing economies, such as those in the Middle East or Africa who are transiting to greater use of renewable energy.

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.

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.

Is Cambodia a solar power hotspot?

Cambodia’s geographical location and climate conditions position it as a solar power hotspot with potential that surpasses many of its regional neighbours. Studies show that the country receives a daily solar irradiance of 5 kWh per square m and an average of eight hours of sunlight daily.