Is Macau a good place to invest in solar energy?

Song and colleagues have no doubts: “Macau has some of the richest solar resources in the world” (with average annual sunlight time exceeding 1000 h, providing about 5000 MJ/m 2 ). “Clearly, Macau has a tremendous potential for developing solar energy, especially a grid-connected photovoltaic system.

Does Macao have a photovoltaic energy contract?

The regulations require investors to enter into a 20-year contract for the purchase of photovoltaic energy with Macao’s sole energy service provider, Companhia de Electricidade de Macau (CEM). Essentially CEM will purchase the electricity produced to ensure investors profit within a reasonable period.

Can Macao increase solar energy?

The Macao government also sees an opportunity to increase solar energy. To encourage the installation of PV systems, officials passed a set of safety and installation regulations in 2015.

How much energy does Macau use?

In 2023, Macau’s gross energy consumption was 5,935.5 GWh, of which 435.4 GWh was produced by CEM and 5,500.0 GWh was acquired from external suppliers. The energy breakdowns between CEM generation and energy acquisition were 7% and 93% respectively.

How to turn Macau Green?

In a research on how to turn Macau green, the academic add that“Increasing the proportion of renewable energy is critical for creating a sustainable, energy-efficient city. Renewable energy development, in fact, is considered the key to solving the energy and environmental crises.”

Does Macao have a climate problem?

As a commercial hub, Macao faces the same challenge. Energy consumption from electricity, transport and buildings accounts for nearly 90 per cent of Macao’s carbon emissions directly caused by fossil fuels. With climate change posing grave threats to the future of society, city leaders say they have made reducing emissions a priority.