The ADB has signed a transaction advisory service mandate with utility Électricité du Cambodge to support the development of 2GW of solar power in Cambodia.
State utility secures over US$20 million in funding to build complex in Kampong Chhnang province and will now tender for developers to deploy a 60MW first batch.
Regulations released earlier this year halted the market for low voltage solar systems connected to the grid, but the larger consumer and the off-grid segments continue to show promise.
Cambodia’s national utility and the Asian Development Bank (ADB) hope to tender out the first stage of their 100MW solar park programme in June 2018, according to a prominent ADB figure, who was speaking at the Solar and Off-Grid Renewables Southeast Asia (SORSEA) conference in Bangkok.
The Asian Development Bank (ADB) is collaborating with Cambodian state-run energy utility Electricite Du Cambodge (EDC) to set up a 100MW national solar park programme.
Export Development Canada (EDC) announced Thursday that it has committed US$72 million in financing within the larger US$655 million senior project finance banking facilities for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
UGE International, a renewable energy firm specialising in the C&I space, has partnered with Export Development Canada (EDC) to create a construction finance facility for the funding of international solar projects.
Singapore-based renewables firm Sunseap Group has won a 10MW solar PV project in Cambodia, the Southeast Asian country’s first ever utility-scale solar plant.
