to-the-point: Japanese co, Cambodian govt sign MoU for up to 300-MW solar project

Solar panels. Featured Image: pornvit_v/Shutterstock.com

March 14 (Renewables Now) - Japanese company Abalance Corp announced on Tuesday that its subsidiary WWB Corp has entered into a memorandum of understanding (MOU) with the Cambodian government for a solar project with a capacity of 200 MW to 300 MW.

According to a previous report, WWB is expected to invest some USD 250 million (EUR 201.47m) in the construction of this plant.

No further details were given by the company.

This photovoltaic (PV) project will help diversify the Kingdom's energy mix, as electricity is supplied mainly by fossil fuels, thermal and hydropower plants (HPP). Currently, the country has to import power from its neighbours as it cannot produce all the electricity needed to meet demand, Abalance noted.

(USD 1 = EUR 0.81)

More stories to explore
Share this story
About the author
Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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