Myanmar market overview: There is vast solar potential in the country, primarily in off-grid, which is the number one driver of electrification, and proving a lifeline for many. C&I presents an interesting business case, but as with utility-scale projects there is still a lot to be done.
Work on the first phase of a planned 220 MW solar PV plant is underway in Myanmar, according to Basic Energy Corporation. The Filipino-based energy company is looking to acquire an up to 20% stake in the two EPC companies involved.
Bangkok-based QTC Global Power has paid 67.84 million baht ($1.9 million) for a stake in Thai PV developer Green Earth Power (GEP), which is building a 220 MW solar installation in Myanmar.
Myanmar has installed its second-ever grid-connected solar PV system on the rooftop of a garment factory.
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