The country’s Ministry of Electricity and Energy allocated all tendered solar capacity in its first procurement exercise for large-scale PV. Final prices ranged from $0.0348 to $0.051 per kWh. China Machinery Engineering and Sungrow were the main winners, securing eight and nine projects, respectively.
The nation is targeting an unspecified capacity of solar PV systems to be installed on households and public facilities across several of its regions. The successful projects will be jointly financed by the World Bank and the government of Myanmar.
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.
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