•  
  •  
  •  

Cambodian solar auction draws tariff of USD 38.77/MWh

Sun in Cambodia. Author: nonuou.

September 5 (Renewables Now) - The tender for a 60-MW solar project in Cambodia has resulted in a bid of USD 0.03877 (EUR 0.035) per kWh, which is currently the lowest solar power purchase tariff in Southeast Asia.

The auction was conducted by national electric utility Electricite du Cambodge (EDC) and attracted 26 bidders, with Prime Road Alternative Company Limited submitting the lowest tariff.

The project in question will be realised in a public–private partnership and will form part of a 100-MW National Solar Park. It is being supported by the Asian Development Bank (ADB), which acted as the transaction advisor. The bank also provided a sovereign loan coupled with climate finance funds to bankroll the transmission line and substation for the scheme.

Upon completion, the solar park will sell its output to EDC under a long-term power purchase agreement (PPA).

(USD 1.0 = EUR 0.903)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription