Editing Economy of Myanmar (section)

=== Renewable energy ===
Myanmar has rich solar power and hydropower potential. The country's technical solar power potential is the greatest among the countries of the Greater Mekong Subregion. Wind energy, biogas and biomass have limited potential and are weakly developed.<ref>Vakulchuk, Roman; Kyaw Kyaw Hlaing; Edward Ziwa Naing; Indra Overland; Beni Suryadi and Sanjayan Velautham (2017). [https://www.researchgate.net/publication/317954536 ''Myanmar's Attractiveness for Investment in the Energy Sector. A Comparative International Perspective''.] Norwegian Institute of International Affairs (NUPI) and Myanmar Institute of Strategic and International Studies (MISIS) Report.</ref>

Financing geothermal projects in Myanmar use an estimated break even power cost of 5.3–8.6 U.S cents/kWh or in Myanmar Kyat 53–86K per kWh. This pegs a non-fluctuating $1=1000K, which is a main concern for power project funding. The main drawback with depreciation pressures, in the current FX market.
Between June 2012 and October 2015, the Myanmar Kyat depreciated by approximately 35%, from 850 down to 1300 against the US Dollar. Local businesses with foreign denominated loans from abroad suddenly found themselves rushing for a strategy to mitigate currency risks. Myanmar's current lack of available currency hedging solutions presents a real challenge for geothermal project financing.<ref>{{Citation |last=DuByne |first=David |title=How Myanmar can Hedge Foreign Loans for Geothermal Projects to Mitigate Kyat Devaluation Risks |date=November 2015 |url=http://www.oilseedcrops.org/wp-content/uploads/2015/11/How-Myanmar-can-Hedge-Foreign-Loans-for-Geothermal-Projects-to-Mitigate-Devaluation-Risks_David-DuByne-1.pdf |work=OilSeedCrops.org |access-date=22 November 2015 |archive-date=22 November 2015 |archive-url=https://web.archive.org/web/20151122170827/http://www.oilseedcrops.org/wp-content/uploads/2015/11/How-Myanmar-can-Hedge-Foreign-Loans-for-Geothermal-Projects-to-Mitigate-Devaluation-Risks_David-DuByne-1.pdf |url-status=live }}</ref>