Total Eren, the French renewable energy independent power producer (IPP), has entered the Asian market of Cambodia with the acquisition of a 74 MW solar power plant from China's module manufacturer and project developer Risen Energy. The move is part of the French company's Asia Pacific expansion strategy.
Total Eren said the project is one of the largest operational solar farms in Cambodia and the largest in Battambang province. The project has been online since March 2021 and is designed to generate close to 115 GWh annually. Power generated is contracted under a 20-year power purchase agreement (PPA) with the national utility Electricité du Cambodge (see China PV News Snippets: Yingfa, Xinte, Trina, Risen).
Total Eren has acquired Battambang Co., Ltd. that operates Battambang Solar Farm, developed, built and financed by the Chinese company in Northwest Cambodia. Over the next 2 years, Risen Energy will continue to provide maintenance services for the plant. It is also Risen Energy's 1st completed solar project in Cambodia.
On securing its 1st renewable energy project in Cambodia, Total Eren's Executive Vice President – Global Head of Business Development Fabienne Demol said the company looks forward to 'developing a larger portfolio of renewable energy projects' in the country as it wants to 'take an active role in the country's decarbonization process'. Cambodia aims to have 10% of its electricity come from renewable energy sources by 2030 under its Basic Energy Plan.
In Asia Pacific, Total Eren is already present in India, Indonesia, South Korea and the Philippines markets, and has more than 3.5 GW gross renewable energy capacity in its overall renewables portfolio which it aims to grow to over 5 GW by 2022.
Risen Energy will speak at TaiyangNews' Solar Module Innovations virtual conference on Nov. 15/16 about "Development Trends in Size & Advancement in System Compatibility of 210 mm Modules." For more info and free registration click here.