ADB Signs Mandate with EDC for 2 GW Solar, Battery Storage in Cambodia

• ADB will certainly assist EDC conduct a nationwide study on possibilities for added solar power capacity in mix with a Battery Energy Storage System (BESS), to be implemented from this year via 2030.
• ADB will certainly likewise assist EDC in bidding out a 100-MW pilot project recognized under the research to the economic sector.

The renewable energy penetration looks bullish in the South East Asia. The new evidence comes from the fact that the Asian Development Bank (ADB) has authorized a transaction consultatory solutions mandate with Cambodia's national utility firm Électricité du Cambodge (EDC) to sustain the development of 2 GW of solar energy in Cambodia.

According to statement by ADB, the mandate will assist the country achieve its objective of carbon neutrality by 2050.

Under this mandate, ADB will certainly aid EDC conduct a nationwide research on chances for additional solar energy capacity in mix with a Battery Energy Storage System (BESS), to be implemented from this year via 2030. ADB will certainly additionally assist EDC in bidding out a 100 MW pilot project determined under the research to the economic sector. The pilot project is anticipated to mobilize up to $100 million of investments and act as a design to reproduce rapid and reliable procurement of affordable renewable power in Cambodia.

F Cleo Kawawaki, Head of ADB's Office of Public-- Private Partnership, stated concerning the solar project, "It will lower power expenses as well as boost energy protection by capitalizing on domestic sources. We wish to contribute to this effort by supporting a tactical pipeline for clear proposals that draw in energetic competitors to enhance the efficiency, development, as well as resources of the economic sector to benefit individuals of Cambodia."

Cambodia's new Power Development Masterplan acknowledges the possible to additional broaden the capacity of solar PV, which is anticipated to go beyond 3 GW in 2040. Improvement in grid stability via BESS fostering impends.

"ADB is pleased to sustain a green energy transition in Cambodia that will promote clean, sustainable, as well as inclusive economic development with policy reform in energy preparation and governance, enhancing grid security, and also energy efficiency," stated ADB Country Director for Cambodia Jyotsana Varma.

ADB is likewise supporting Cambodia's initial National Solar Park situated in Kampong Chhnang that will generate as much as 100 MW. The program will likewise improve BESS projects applied by EDC with technological and financial support provided by ADB.

All the stakeholders, consisting of ADB, aim to harnessing Cambodia's abundant solar sources, whose share in the set up capacity boosted from virtually nothing in 2016 to around 12% at the end of 2021.