Viewpoint: Myanmar Solar: Lots of Potential, But a Cloudy Outlook for Solar Energy Development and Growth
Friday, December 13, 2019
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. Demand for energy has been growing fast, in parallel with the ASEAN (Association of Southeast Asian Nations) member’s economy, and solar energy is competing against a variety of conventional, as well as alternative low- or zero-carbon, energy resources for its share of Myanmar’s energy mix.
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.
Photo courtesy of Soneva Foundation.