Does Myanmar need solar power?

In conclusion, Myanmar’s solar power initiative represents a critical step towards addressing the country’s energy crisis. While the junta’s efforts have been met with skepticism, the potential benefits of solar energy cannot be ignored.

How can a small business benefit from solar power in Myanmar?

Businesses switching to solar typically reduce their energy costs by more than 50%. Through Smart Power Myanmar, we provide technical planning and support to small-to-medium enterprises seeking solar power and offer financial guarantees to unlock solar loans from Myanmar banks.

How many solar power plants are there in Myanmar?

Solar power system in operation. A total of 11 solar power plant projects are currently under construction and development across Myanmar, with an installed capacity of 1,026 megawatts, according to the Electricity and Energy Development Commission.

Why is Myanmar launching a solar power initiative?

Myanmar’s military government has launched a solar power initiative to address the nation’s energy crisis, hoping to attract foreign investment and boost electricity generation. This effort faces challenges due to the ongoing economic downturn and political instability following the 2021 coup.

Is solar power a solution to Myanmar's power crisis?

He also inspected a solar panel factory in Hline Township, urging an increase in production to meet rising market demand. Electricity shortages have plagued Myanmar since soon after the military seized power in 2021. Junta boss Min Aung Hlaing has been fixated on solar power as a potential solution since last year, as power outages worsened.

Can solar panels be installed on a house in Myanmar?

This photo taken on Oct. 4, 2024 shows solar panels installed on the roof of a house in Yangon, Myanmar. (Xinhua/Myo Kyaw Soe)