The Asian Development Bank (ADB) and Électricité du Cambodge (EDC) have signed an agreement to develop 2 GW of solar in the Southeast Asian country. EDC will conduct a nationwide study to identify potential solar and storage projects for implementation up to 2030.
The system delivered by French energy giant TotalEnergies will power Kulara Water’s bottling facility in Siem Reap Province.
With pressure mounting on the world’s governments to turn their back on the fossil fuel, China and peers in South East Asia, Europe and South Asia could help deliver a coal-free future at the COP26 climate summit planned in Glasgow in November.
Up to 150 GW of PV and wind projects could be postponed or canceled throughout the Asia-Pacific region by 2024 if the coronavirus-triggered recession continues beyond the current year, according to new research by Wood Mackenzie.
The move, by Taitong Industry Ltd, will come as a fresh blow to the Chinese module manufacturer, which twice failed to go public – in the U.S. and China – and whose project development business suffered a battering in China when Beijing reined in subsidies in 2018.
The Asian Development Bank-backed procurement round attracted 26 bidders for the 60 MW project, according to the development lender. The ADB says the low price secured will persuade neighboring governments to embrace auctions.
The cell and module manufacturer is transferring its production emphasis from China to Southeast Asia
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