Cambodia to Hit 7% Solar Power by 2025 with 530 MW Capacity Surge
Phnom Penh, Cambodia — Cambodia is on track to significantly boost its solar energy share, with new figures projecting solar to make up 7% of the country’s electricity supply by 2025. This equates to a total installed capacity of 530.14 megawatts (MW)—a major leap from 3.2% in 2023 and 4.6% in 2024.
The rapid expansion demonstrates the country’s serious commitment to clean energy, as Cambodia continues to reduce its reliance on fossil fuels, particularly coal.
From 2023 to 2025: Fast-Track Solar Growth
The journey has been steep but focused:
- 2023: 3.2% solar share, 240 MW
- 2024: 4.6% share, 376.8 MW
- 2025 projection: 7% share, 530.14 MW
This aggressive growth is backed by both private investment and strong policy support, including landmark green financing deals and a broader renewable energy roadmap set by the Cambodian government.
Landmark Financing Paves the Way
One of the major catalysts for this solar boom is Cambodia’s first-ever green project bond, issued in early 2025 by SchneiTec Dynamic Co., Ltd., a leading solar power developer. Managed by Yuanta Securities (Cambodia) Plc., the bond raised $50 million to fund a 60 MW solar photovoltaic (PV) plant with a Battery Energy Storage System (BESS) in Kampong Chhnang.
The bond:
- Is a 15-year investment-grade security
- Is partially guaranteed by ADB’s Credit Guarantee and Investment Facility (CGIF)
- Received a ‘Dark Green’ rating from S&P Global
- Is listed on the Cambodia Securities Exchange
Government Targets: Toward 70% Renewables by 2030
Cambodia’s Ministry of Mines and Energy (MME) has ambitious long-term goals:
- 70% of electricity generation from renewables by 2030
- 1 GW (1,000 MW) solar installed in the near term
- Up to 3.2 GW by 2040
The shift has been accelerated by a policy ban on new coal-fired power plant licenses since 2019.
Solar Projects Fueling the Surge
Major projects contributing to the 2025 solar target include:
- 60 MW Kompong Speu solar power plant, inaugurated in March 2025
- ADB-backed 100 MW solar park in Kampong Chhnang, led by Thai firm Prime Road Power, with a $7.64M loan secured in July 2025
- Several other projects in development ranging from 5 MW to 80 MW, with three currently under construction and more planned
What’s Next? Rooftop Solar and Policy Reform
Beyond utility-scale projects, rooftop solar is also gaining traction. In January 2025, new guidelines came into effect, easing the approval process for small users while regulating service providers more tightly.
The government also introduced compensation tariffs to address issues raised by the previous prohibition of net metering, signaling a stronger support system for solar adoption at all levels.
Conclusion
Cambodia’s solar energy growth story is no longer a dream—it’s unfolding rapidly. With a clear target of 7% solar by 2025, progressive policy shifts, and strong financial innovation, the Kingdom is proving that it’s ready to lead the way in Southeast Asia’s green transition.
