Sunlabob Renewable Energy, Ltd., a venture-backed company specializing in decentralized renewable energy, finalized an agreement this week with Shwe Taung Group to design, supply, build and operate a 117 kWp solar photovoltaic (PV) system at Junction City, a world-class integrated development in downtown Yangon.
The roof-mounted solar system, which comprises 450 solar panels, is projected to produce an average of more than 140,000 kilowatt-hours (kWh) of emissions-free electricity each year.
Designed to operate for 25 years or more, the grid-connected solar system will provide ongoing cost-savings to Junction City by reducing both the consumption of grid-based electricity and also diesel fuel during back-up power situations.
Utilizing solar power at a landmark project like Junction City sends a much-needed message to other commercial and industrial energy consumers in Myanmar: solar PV is a cost-effective, low maintenance and long-lasting source of clean electricity, said Evan Scandling, managing director of Sunlabobs Myanmar operations.
When completed, Junction City will feature a Grade A office tower, a lifestyle retail shopping and entertainment center, a 5-star luxury hotel and sophisticated serviced residences.
Integrating solar power is directly in line with Junction Citys approach to green design and sustainable development, said Daw Sandar Htun, Managing Director of Shwe Taung Group. Investing in solar not only reduces Junction Citys environmental impact, but also will pay a key role in reducing operational costs for many years to come.
In addition to supplying and implementing the solar system, Sunlabob which has been active in Myanmar since 2014 will provide operations and maintenance services as part of a multi-year agreement with Junction City.
Sunlabob is pleased to work with the Junction City team to show that high-quality, international-standard solar expertise and technology has an important role to play in Myanmars development, particularly as other electricity sources continue to become more expensive, added Scandling.
In addition to the grid-connected solar system, Junction City will utilize environmentally-friendly materials and features such as water-efficient and energy-efficient technologies to meet the stringent Green Mark standards by the Building and Construction Authority of Singapore.
The solar system is scheduled to be fully operational for the opening of Phase 1 of Junction City in the first quarter of 2017.