| Cambodia has approved four more renewable energy investment projects, including three solar power plants and a large-scale energy storage battery system, further advancing the country’s clean energy development and energy transition strategy. The Investment Committee of the Council for the Development of Cambodia (CDC) held a meeting today (May 19) to review seven applications for eligible investment projects, with a total investment of approximately $450 million and an expected creation of about 900 jobs. Among them, there are four new energy projects in the infrastructure sector, specifically a 200-megawatt solar power plant, a 100-megawatt solar power plant, a 30-megawatt solar power plant, and a 500-megawatt/1,000-megawatt-hour (MWh) energy storage battery system project, with a total solar power generation capacity of 330 megawatts. These projects are planned for Sihanoukville, Stung Treng, and Pursat provinces. Observers believe that the introduction of large-scale energy storage systems will help enhance the stability of Cambodia’s power grid and improve the regulation capacity of renewable energy. The CDC stated that the remaining approved projects include a laundry and printing factory in the industrial sector, as well as wastewater treatment and boiler facilities, and an edible oil refinery project in the agro-industrial sector. In recent years, Cambodia has continued to expand investment in new energy sectors such as solar, wind power, and energy storage systems to achieve its goal of having renewable energy account for at least 70% of the national energy mix by 2030. In February of this year, the CDC approved a wind power plant project in Mondulkiri Province with an investment of approximately $200 million; in April, it approved a 150-megawatt wind power plant and a 350-megawatt solar power plant project. |
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