Does Macao have a photovoltaic energy contract?

The regulations require investors to enter into a 20-year contract for the purchase of photovoltaic energy with Macao’s sole energy service provider, Companhia de Electricidade de Macau (CEM). Essentially CEM will purchase the electricity produced to ensure investors profit within a reasonable period.

Can Macao increase solar energy?

The Macao government also sees an opportunity to increase solar energy. To encourage the installation of PV systems, officials passed a set of safety and installation regulations in 2015.

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Is natural gas a problem in Macao?

As a member of the Smart Energy Group of UM’s State Key Laboratory, which focuses on optimising clean energy use and production, Zhang believes expanding the use of natural gas poses major problems, especially in the city’s older districts. “Many buildings and [much of the] infrastructure in Macao are outdated.

How much energy does Macau use?

In 2023, Macau’s gross energy consumption was 5,935.5 GWh, of which 435.4 GWh was produced by CEM and 5,500.0 GWh was acquired from external suppliers. The energy breakdowns between CEM generation and energy acquisition were 7% and 93% respectively.

Can Macao achieve net zero emissions by 2050?

To curb climate change and reach net zero emissions by 2050, countries and regions around the world are rushing to cut fossil fuels and boost clean energy usage. As a commercial hub, Macao faces the same challenge.