Although a modest system, Sunlabob Renewable Energy has completed the first ever commercial solar project in Laos. The country is in a hotbed for emerging PV markets, and may look to take advantage of the growing solar trends within the region.
Laos-based Sunlabob Renewable Energy specializes in renewable energy and clean water, and has now completed a 90 KWh system in the Laos capital of Vientiane. The system has been installed on the roof of Australia and New Zealand Banking Groups (ANZ) main office in the city, and is due to save the company $20,000 per year.
Our customers have always been aware of the environmental and energy security benefits of a solar system in an urban environment like Vientiane, so it is very encouraging to now see that the financial benefits of solar are also a part of the decision-making process, said Andy Schroeter, Sunlabob CEO.
It is not the first high-profile solar system that the company has completed in the city, after installing a system on the United Nations Development Programme office last year, and on the rooftop of the World Bank office in the city. It also recently received $2.1 million investment from Truestone Global Impact Fund to aid the expansion of its off-grid electrification program, which it hopes will expand to Asia, Africa and the Pacific region.