Does Myanmar have a potential for solar energy?

“Myanmar has an incredible potential for solar energy, but the government still has a lot of work to do to unleash the potential and to attract foreign direct investments into Myanmar´s solar industry,” noted Stefano Mantellassi, Chair of the SolarPower Europe Emerging Markets Taskforce.

Is solar energy gaining traction in Myanmar?

Solar energy is just beginning to gain some traction in Myanmar, a country that has been gradually opening up its economy and society to the world since 2011.

Can solar power help a disadvantaged population in Myanmar?

“Moreover, solar can help ensure a just energy transition for citizens affected by energy poverty...Furthermore, 75–85% of Myanmar’s population of lives within a 25–50-kilometer radius of high voltage power lines, which makes for ideal locations to develop medium- and large-scale solar projects,” they noted.

Who is Myanmar Solar power trading?

Myanmar Solar Power Trading Co.,Ltd is established in 2011 and we are one of the leading full-service providers for C & I projects, residential, industrial and large scale solar projects in Myanmar. From a single point of contact, we provide solar PV designs, calculations, consultations, installations and repair and maintenance services as well.

How much electricity does Myanmar produce?

Myanmar is able to produce between 2.9 gigawatts (GW) and 3.1 GW of electricity, according to media sources. Recent estimates by the World Bank forecast energy consumption in Myanmar would grow at an average 11% rate out to 2030. The World Bank also forecast that peak electricity demand would rise to 8.6 GW by 2025 and 12.6 GW by 2030.

How much money does Myanmar need to invest in electricity?

Tellingly, the World Bank notes that Myanmar needs to invest twice as much – up to US$2 billion annually – and implement projects three times faster if it is to address its rapidly growing electricity demand.