Myanmar-based off-grid PV company SolarHome has raised US$10 million in debt funding from a group of international investors, including Crowdcredit from Japan and Trine from Sweden, in order to expand across Myanmar.
SolarHome, an off-grid solar firm focused on Southeast Asia, has raised US$5 million to date, having recently closed a US$1 million convertible note offering with impact venture capital firm Insitor Impact Asia Fund.
French renewable energy company Voltalia is to install renewable energy systems at 171 telecom towers in the Bago and Ayeyarwaddy regions of Myanmar for MNTI, the local owner of a network of such towers.
The case for solar remains strong in Southeast Asia since power demand is still growing rapidly in many of its markets, but traversing the unique regulations and policies of each country and knowing which PV segment is most suitable remains challenging. Here are some of PV Tech’s key takeaways from last week’s Solar and Off-Grid Renewables Southeast Asia (SORSEA) 2017 conference in Bangkok, Thailand.
Choosing good quality solar equipment will be essential to keep the solar industry sustainable in Southeast Asia, according to Wandee Khunchornyakong Juljarern, chairwoman and chief executive, SPCG, the largest solar installer in Thailand.