China Shifts to Market-Based Pricing for Renewable Energy; Cambodia Boosts Solar Capacity to 720MW by 2025

  • China: The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) are transitioning to market-based pricing for renewable energy, moving away from fixed tariffs.

  • The change impacts on-grid electricity from sources like wind and solar.

  • China's installed renewable power capacity reached 1,410 GW in 2024, exceeding 40% of the country's total, surpassing coal.

  • New projects completed after June will face market-based bidding for electricity payments.

  • Cambodia: Solar farms are projected to generate approximately 720MW of electricity to the national grid by 2025, up from 827MW in 2024.

  • Cambodia aims to increase clean energy generation capacity to 70% by 2030, up from over 62% currently.

  • The government ceased issuing licenses for new coal-fired power plants after 2019.

  • Cambodia's total installed electricity capacity was 5,044MW in 2024, a 8.5% increase from 4,649MW in 2023.

  • EAC plans to increase power sources to 6,044MW in 2025.

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