Cambodia

Rapid economic growth and electrification have driven major changes in Cambodia’s energy sector, with electricity generation shifting in recent years from hydropower and coal toward renewable energy and imported liquefied natural gas (LNG). The country’s energy objectives include generating 70% of its power from renewable sources by 2030. In addition to new solar and wind capacity, there are plans to complete at least 900 megawatts (MW) of LNG-fired power capacity in the 2030s, rising to a forecast 8,700MW by 2050.

Utility-scale solar expansion is already transforming the electricity system ahead of schedule, reaching almost 1.5 gigawatts (GW) as of June 2026 and exceeding the 2030 and 2035 targets under the country’s Power Development Master Plan (PDP). A more supportive environment for cheaper renewable energy could build economic resiliency and reduce exposure to the high costs and supply volatility of LNG markets.

IEEFA’s research and stakeholder engagement examine the financial and economic implications of Cambodia’s energy transition. Through independent analysis, IEEFA assesses the country’s energy market and policies and provides recommendations to support its energy transition.