Myanmar Solar Photovoltaic Panel Franchise

Why is Myanmar launching a solar panel manufacturing project?

The solar panel manufacturing project aligns with Myanmar’s broader renewable energy goals. The government has been actively promoting the use of renewable energy to reduce the country’s reliance on fossil fuels. Myanmar’s abundant solar resources make it an ideal location for solar energy projects.

Is solar energy a sustainable solution for Myanmar?

Myanmar is increasingly prioritizing solar energy development as a sustainable solution to address its energy shortages and improve rural electrification. The solar energy market has grown significantly in recent years, driven by technological advances and declining costs.

Where will solar panels be made in Myanmar?

The Myanmar Investment Commission approved a solar panel manufacturing project in Mandalay, which will be developed by Thailand’s Mono Sun Co., Ltd. The project will be based at the Myotha Industrial Park. The solar panel manufacturing facility will have the capacity to produce 600,000 units annually.

What is Myanmar's Solar energy potential?

support.US$ 1 on the marketOpportunitiesThe Asian Development Bank (ADB) estimated Myanmar’s solar energy potential at 26.962 GW due to its hi solar irradiation levels.Generation capacity is estimated to be 400-500 MW below demand in dry season, when hydropower c

Can solar power help a disadvantaged population in Myanmar?

“Moreover, solar can help ensure a just energy transition for citizens affected by energy poverty...Furthermore, 75–85% of Myanmar’s population of lives within a 25–50-kilometer radius of high voltage power lines, which makes for ideal locations to develop medium- and large-scale solar projects,” they noted.

Are solar panels a priority product in Myanmar?

The solar industry in Myanmar has experienced a significant expansion of ten times its previous size within the last year. Solar panels are classified as priority products for import, alongside other commodities such as medical supplies and fuel.