TotalEnergies and Cambodia-based The Royal Group have joined hands for the development of new renewable energy projects and other decarbonisation initiatives in Cambodia.
To this end, they have signed a MoU and look forward to leveraging their expertise, wherein TotalEnergies is a major energy player, and The Royal Group has an experience in Cambodia’s local power projects.
“Combining the resources and skills of both organizations will ensure the best research and development of the most optimal renewable projects in Cambodia,” Neak Oknha Kith Meng, Chairman and CEO of Royal Group, said.
TotalEnergies is currently supporting the energy transition in Cambodia with the launch of a 74MWp solar PV project in Battambang. The tie up is a part of TotalEnergies’ renewed commitment to the development of renewables in the Asian Pacific region with two upcoming solar photovoltaic (PV) projects in Thailand, Vietnam, and The Philippines (with a recent 10-year agreement).
The initiatives are expected to support carbon emissions reductions equivalent to planting 16,800 trees in Thailand, 33,000 in Vietnam, and 200,000 in the Philippines. It may be noted that Cambodia has underscored its commitment to energy security through the recent implementation of its Power Development Masterplan 2022-2040 (PDP) and the National Energy Efficiency Plan (NEEP). Though the ambitious road-map seem to be full of challenges, as the country must first address technical and investment hurdles.