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.

What are Myanmar's energy goals?

Myanmar’s government has set modest goals of renewable energy resources generating 8% of national output by 2021 and 12% by 2025, as well as universal electrification by 2030. In addition, a total of 68 townships and 5,191 villages had received 24x7 access to electricity services between 2016 and 2019, according to state media. Figure 9.

Is Myanmar a good country for generating electricity?

Renewable energy, in the form of large-scale hydroelectric power, already accounts for around 60%, the single largest share, of Myanmar’s electricity generation mix. The country also has an abundance of natural gas, an important export and the source of hard, foreign currency export revenues, as well as domestic power generation.

Will Myanmar achieve universal electricity access by 2030?

“Following the lifting of sanctions in 2011, Myanmar launched an ambitious investment program, with both government and private sector participation, to develop its energy infrastructure and provide universal electricity access by 2030,” the World Bank highlighted in its June 2019 Myanmar Economic Monitor.