Vientiane, 16 June 2016 – ARE member Sunlabob Renewable Energy Ltd., the venture-backed company specialising in renewable energy and clean water solutions, recently completed the construction and commissioning of a 90 kWp roof-mounted solar photovoltaic (PV) system at the Australia and New Zealand Banking Group’s (ANZ) main office in Vientiane, Laos.
The project is the first-ever commercial grid-connected solar system in Laos.
“Adding solar energy to our building perfectly aligns with ANZ’s approach to doing business and our ongoing commitment to reducing our impact on the environment,” said Craig Paice, COO, ANZ Laos. “Solar is a smart, long-lasting and profitable investment that also enables ANZ to generate its own clean, renewable and environmentally-responsible electricity.”
The solar system is estimated to save ANZ more than $20,000 USD per year from its utility expenses. Grid-connected solar systems of similar design typically generate electricity for 25 years or more.
As utility electricity prices continue to increase in Vientiane, businesses, organizations and households are increasingly viewing grid-connected “captive power” solar installations as financially attractive.
“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,” noted Andy Schroeter, Sunlabob CEO.
Sunlabob completed the deployment of a grid-connected solar project on the roof of the United Nations Development Programme (UNDP) office in Vientiane in late-2015 and also recently completed the installation and commissioning of another grid-connected rooftop solar system at the World Bank Group’s head office in Vientiane.