In March 2018, SolarPower Europe launched the Emerging Markets Task Force to identify business and cooperation opportunities and thereby contribute to the energy transition in emerging markets outside Europe. Since then, the Task Force has become an active working group of nearly 100 experts from almost 50 companies, working on a suite of market reports and investigating available financing instruments for solar project development in emerging markets. The Task Force has operated through a series of physical and virtual meetings, visits in the selected markets and conferences. We have also engaged in productive discussions with other relevant initiatives such as the Africa-EU Renewable Energy Cooperation Programme (RECP), GET.invest and the IRENA Coalition for Action’s Business and Investors Group. After a year of intense work, we were proud to present the Task Force’s first report on Mozambique at the SolarPower Summit in March 2019.
This report developed by ABO Wind AG, with the support of the Task Force, provides an overview of investment opportunities for solar deployment in Myanmar. It offers a snapshot of the country’s business environment and an overview of the major demographic and macroeconomic trends. It also addresses issues related to the country’s credit and political risk. The report focuses on the energy context, relevant actors and the regulatory framework for investments in renewables. The research finds that Myanmar has incredible potential for solar energy, but the government still has to some works to unleash the potential and to attract foreign direct investments into Myanmar´s solar industry. Rising electricity demand, rapid demographic growth and strong neighbouring solar countries like China, India, and Thailand give Myanmar great opportunities to increase the installed solar capacity.
With the support and excellent contribution of other Task Force members, we have also published additional reports on India, Ivory Coast, Morocco, Mozambique, Senegal and Tunisia. Tanzania, Algeria and other countries will follow.