Off-grid renewables specialist Sunlabob Renewable Energy has secured a US$2.1 million investment from UK-based Truestone Global Impact Fund.
The Laos-based company, which works with rural renewable energy and clean water solution, plans to use to use the investment for international expansion and growth.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Sunlabob has installed off-grid renewable energy services in more than 20 countries in Asia, Africa and the Pacific.
Any Schroeter, CEO of Sunlabob, stated: “This investment underscores Sunlabob’s transition from a Laos-focused start-up to an international-reaching company providing off-grid sustainable energy expertise throughout the developing world.”
The company has provided access to clean energy or water for people “in places ranging from the islands of Micronesia to communities in sub-Saharan Africa,” according to Schroeter.
Sunlabob has worked to provide off-grid power access to governments, multilateral development agencies, non-profit organisations and the private sector, according to the company.
Cyrille Antignac, a partner in the Truestone Global Impact Fund, which focuses its investments on positive social and environmental impacts, said: “Sunlabob has, for years, demonstrated a first-rate understanding of renewable energy engineering and rural community development, a skill-set that is proving valuable not only in Laos but throughout the developing world.”
