Report
Published:
Myanmar: How to Become an Attractive Destination for Renewable Energy Investment?
Written by
Roman Vakulchuk
Senior Research Fellow, Head of Research group on climate and energy
Indra Overland
Research Professor
Haakon Fossum Sagbakken
Former employee
Hoy-Yen Chan
Muhammad Rizki Kresnawan
Monika Merdekawati
Ed.
Summary:
Myanmar is endowed with abundant renewable energy resources, and its solar potential is the greatest in the Greater Mekong Subregion – yet, this potential remains largely untapped. The country’s 50% electrification rate remains the lowest in ASEAN, and the government plans to electrify the entire country by 2030. The share of renewable energy in the energy mix is expected to rise from less than 1% in 2020 to 12% in 2025. In addition to expanding electricity access, renewable energy could also stimulate much-needed employment and economic growth in Myanmar. We propose five actions that can improve the investment climate in Myanmar for renewable energy investment: strengthen renewable energy governance; join IRENA and intensify capacity building; adopt a feed-in tariff or auction mechanism; build a regulatory framework for renewable energy; simplify the business environment for investors.
- Published year: 2020
- Publisher: ASEAN Centre for Energy (ACE)
- Page count: 3
- Language: English
- URL 1: https://www.researchgate.net/publication/341793911
- URL 2: https://www.academia.edu/43231673/Myanmar_How_to_Become_an_Attractive_Destination_for_Renewable_Energy_Investment
- URL 3:
Written by
Roman Vakulchuk
Senior Research Fellow, Head of Research group on climate and energy
Indra Overland
Research Professor
Haakon Fossum Sagbakken
Former employee
Hoy-Yen Chan
Muhammad Rizki Kresnawan
Monika Merdekawati