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Cambodia is expected to complete a 150 MW wind power project in Mondulkiri Province by 2026. The project is a significant investment in the country’s clean energy sector, which is growing rapidly to meet increasing demand. The Kingdom is attracting significant foreign direct investment (FDI), driven by its rapid industrial growth and demand for electricity, particularly clean energy.
The Cambodia Investment Board (CIB) is committed to supporting the project, which will be implemented by HK OASIS Power Energy Development Co., Ltd. The company is working closely with the CIB to ensure the project complies with regulations and receives proper legal incentives.
Cambodia’s energy sector has made significant progress in recent years, with the country expanding its electrical grid to cover 99.88% of the country by the end of 2023. The Kingdom is now one of the leading countries in ASEAN, with over 62% of its total electricity usage coming from clean energy sources such as hydropower, solar, and biomass.
The Minister of Mines and Energy, Keo Ratanak, highlighted the country’s progress in developing its energy sector, citing the government’s close attention to the sector as a key driver of growth. Cambodia has already surpassed the ASEAN target of using 35% of energy from renewable sources by 2030, with over 40% of its clean energy coming from hydropower plants, over 10% from solar power, and the rest from biomass and imports from neighboring countries.
The government is focused on strengthening and expanding its clean energy capacity to minimize environmental impact, primarily through expanded investment in solar and wind power generation. The completion of the 150 MW wind power project in Mondulkiri Province is expected to contribute to this goal, providing a significant boost to the country’s clean energy sector.