Cambodia seeing a solar surge as prices drop
Cambodia is lighting up with solar power as international politics gluts the world market with inexpensive equipment options, according to industry insiders. The lowering or complete end of subsidies for US, European and Australian firms, along with China’s backing of the renewable energy sector, has seen a “dramatic drop” in the price of solar energy and one that Cambodia is moving swiftly to take advantage of, said PowerTopia Cambodia CEO Andrew Wallace. … Chinese competition is seen as the drive behind cheaper prices, according to Chan Thy, a saleswoman at Khmer Solar, who said energy is now “US$1.30 to $1.40 per watt for Chinese-made solar panels and $2.50 per watt for Japanese-made units”. …
