Solar panels on the Cambodian coast

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.

What is the current state of solar energy in Cambodia?

The Current State of Solar Energy in Cambodia Cambodia’s solar energy sector has grown significantly in recent years. As of 2022, the country had installed around 432 MW of solar capacity, with a goal of reaching 1,000 MW by 2030.

Are solar panels imported or re-exported in Cambodia?

During the same period, the country’s solar panel imports rose rapidly and doubled to USD272 million but the volume was significantly lower than solar panel exports (Figure 1). This trade pattern suggests that a substantial portion of Cambodia’s solar panel exports may have been assembled domestically rather than imported and re-exported.

Is solar energy a good source of energy in Cambodia?

Solar energy in Cambodia is the country’s second most promising clean energy source behind hydropower. Hydropower remains Cambodia’s most developed renewable energy source but also has its own challenges – such as yearly variability due to droughts and floods.