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Sunlabob secures commercial solar contract with ANZ Bank in Laos

90 kWp rooftop solar PV to be country’s first commercial grid-connected solar project

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Sunlabob Renewable Energy Ltd., the venture-backed company specializing in renewable energy and clean water solutions, recently finalized a contract to implement 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 system, scheduled to be commissioned April 2016, is estimated to save ANZ more than $20,000 USD per year from its utility expenses.

As utility electricity prices continue to increase in Vientiane, businesses and organizations 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 recently completed the deployment of a grid-connected solar project on the roof of the United Nations Development Programme (UNDP) office in Vientiane and is scheduled to complete the commissioning of another grid-connected rooftop solar system at the World Bank Group’s head office in Vientiane in March 2016.

Sunlabob led the implementation of the country’s first grid-connected solar system in 2010 at the German Embassy in Vientiane.