TotalEnergies explore renewable energy ventures in Cambodia
TotalEnergies and Cambodia’s Royal Group have entered into a memorandum of understanding (MoU) to jointly identify and potentially develop renewable energy projects in Cambodia. The collaboration also seeks to uncover other opportunities for decarbonisation.
TotalEnergies, a global energy conglomerate, is actively building a diverse portfolio of renewable energy solutions to cater to its global clientele. On the other hand, Royal Group, a prominent Cambodian conglomerate, boasts a rich history of initiating and executing domestic power projects in partnership with other entities.
In Cambodia, since 1993, TotalEnergies has been a key player in the petroleum products market, offering a range of services from fuel storage to solar energy solutions.
The MoU was formalised in a signing ceremony in Singapore. Representing the parties were Neak Oknha Kith Meng, CEO of Royal Group, and Ting Wee Liang, president of Marketing & Services Asia Pacific and Middle East, TotalEnergies.
Neak Oknha Kith Meng, CEO of Royal Group, expressed optimism about the partnership, stating, “By pooling our resources and expertise, we aim to spearhead the development of top-tier renewable energy projects in Cambodia.”
Ting Wee Liang of TotalEnergies added, “Our commitment to fostering renewable energy projects is global, and Cambodia is a significant part of that vision. We’ve been serving the Cambodian community since 1993 and have recently been operating a solar PV project in Battambang. We’re eager to further our contributions to Cambodia’s climate goals and its community.”