Smart de-risking instruments for renewables could lead to USD 146 mn in economic savings in Cambodia

28 Oct 2019 Press Release
Smart de-risking instruments for renewables could lead to USD 146 mn in economic savings in Cambodia

Smart de-risking instruments could increase investment in solar and lead to USD 146 million in economic savings in Cambodia. First-of-a-kind report by South Pole, UNDP Cambodia, and Kamworks sheds light on derisking and accelerating renewable energy investments across Southeast Asia.

28 October, 2019 – The development of solar power in Cambodia could be significantly scaled with the help of cost-effective de-risking instruments, such as more secure power purchase agreements and guarantees. If successfully deployed, these measures could lead to increased investment across four solar sub-sectors, economic savings of up to USD 146 million*, improved tariff affordability, access to electricity, and lower GHG emissions. Investments in just over 700MW of solar energy can directly abate 8.7 million tonnes of CO2 in Cambodia by 2045.

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